As you are preparing for a special occasion like a wedding, the last thing you want to think about is if something went wrong. However, that consideration must guide all your planning efforts. There will always be a risk of things not working out as you may have planned them, which can result in several complications.
Because you’re putting a lot of time, money, and effort into your event, you need a contingency plan in case things go south. This is where wedding insurance comes into play. While wedding insurance cannot deal with all the possible issues that can come due to unforeseen circumstances, it is still a great way to cushion the blow. This article explores wedding insurance, when you should get it, and the two main types of insurance you should look into.
Later we will tell you why John M. Glover Insurance Agency is your best option.
What Is Wedding Insurance?
This type of insurance is commonly known as wedding insurance because it is used for weddings. However, the full name of the insurance is “wedding and special events insurance.” Thus, it covers special events other than weddings.
To reiterate, any cancellation insurance that people opt for when planning large parties is covered by this insurance. Cancellation insurance protects the money you need to spend to plan an event.
Like any other type of insurance, wedding and special events insurance helps you prepare for circumstances that are well beyond your control. An example of this could be if your wedding has been canceled or postponed, the insurance reimburses you for any money you’ve put down.
When Should You Get Wedding Insurance?
The short answer? As soon as possible!
We highly recommend having wedding insurance in place before any mishaps occur. So, in our opinion, it should be one of the first things you should do. Ensure that you’re within the timeframe mandated by your insurance provider to purchase your policy.
Most of the time, this maximum period is around a year before the wedding or event date. The minimum is typically around one to three months before the event date.
What Is Covered by Wedding Insurance?
Almost every aspect of your wedding event can and will be covered by an insurance policy. That includes:
- Total cancellation or postponement of the event due to bad weather, natural disasters, injury, or vendors failing to show up.
- Vendor issues; for example, if they back down, the venue goes out of business, or the photographer just doesn’t show up.
- Replacing damaged goods like the bridal dress.
- Replacement of lost or damaged wedding-specific goods such as wedding rings, bouquets, cakes, or wedding gifts.
- Costs of a honeymoon that’s been canceled due to a canceled wedding.
You can also be covered for destination weddings and events if your wedding has been called off or is postponed. To see exactly which costs are covered by your insurance policy, get in touch with your insurance provider as soon as possible. If certain items aren’t covered, you can easily buy additional policies to cover those costs.
The Two Types of Wedding Insurance
While insurance can be a complex process, we’re here to make it a little easier to understand. Similar to how your car insurance has both liability and comprehensive options, wedding and special insurance typically have two categories: liability and cancellation.
Liability insurance is excellent if you need protection from responsibility in any accident or injuries caused during your wedding ceremony or reception. In fact, some venues require you to have this type of insurance.
For example, your local government may also need you to present a liquor permit. This is to avoid any alcohol-related accidents.
Cancellation insurance reimburses you for all your money until the event’s cancellation. However, there is a critical caveat: not all insurance policies cover a change of heart. There are only a few exceptions, and they almost exclusively apply to a third party paying for the wedding.
Speak With a Professional Wedding Insurance Agency
If you’re planning a wedding, try to plan for every contingency, so there aren’t any last-minute surprises. However, there is no way you can prevent a mishap. Contact wedding and event expert at JMG Insurance Corp to prepare yourself for the worst.
JMG Insurance works closely with numerous clients and insurance companies to be able to provide the best possible solutions to your issues. This is done by providing our clients with a range of options making it easier to find a policy that will provide customized and personalized insurance to clients in Connecticut, New York, and Hawaii.