I Do…Need Wedding Insurance! Here’s Why
New event planners and couples often leave our conversations around wedding insurance confident that they’ve made the right choice when choosing coverage curated to their big day.
Still, we understand why it can take a bit more context to understand its benefits. So, without further ado, here’s why more event planners are saying “I do” to wedding insurance.
WHAT IS WEDDING INSURANCE?
Wedding insurance is designed to mitigate financial losses should unexpected liabilities happen on your special day. So rather than facing potentially thousands in out-of-pocket expenses, your policy handles claims up to your policy limits, similar to your homeowners or auto insurance.
TOP 5 REASONS PEOPLE PURCHASE WEDDING INSURANCE
1. WEDDING INSURANCE IS A VENUE AND VENDOR REQUIREMENT
Nearly every venue and vendor requires the hosts to have an insurance policy covering certain liabilities with specific policy limits beyond the scope of their existing plans. What’s more, most event spaces won’t host your nuptials without proof of coverage.
While a venue or vendor may have a similar policy, their coverage may not extend to you or your guests and typically only protects their property and staff—not your liabilities as the event host or your guests.
Wedding insurance purchased by an event planner or a couple addresses those needs.
2. IT COVERS MORE THAN YOU THINK
Soon-to-be brides and grooms are always astounded by the scope of wedding insurance. In this case, the policies we offer provide the following benefits:
- $1 million per occurrence coverage, plus a $2 million aggregate limit
- Property damage
- Host liquor liability protection
- Vendor no-shows
- Lost or stolen items
- Defense costs for lawsuits
- Financial resources for property damage
- Medical expense coverage for guests and the wedding party
- Other curated needs
3. CANCELLATION COVERAGE CAN SAFEGUARD YOUR FINANCIAL FUTURE
The average wedding in the U.S. cost $33,000 in 2024. With inflation quickly rising, travel disruptions becoming increasingly common, and various other factors contributing to global uncertainty, the price of celebrating is growing.
As a result, more couples are planning ahead by adding cancellation insurance that provides the following advantages:
- Protection for non-refundable deposits and payments
- Weather-related disruption protection
- Flexible plan options and limits
- Financial security against rising costs
- Travel disruption protection
Learn more about cancellation and postponement coverage >
4. PEACE OF MIND AT AN AFFORDABLE PRICE
When you compare the cost of wedding insurance to the potential financial risks of your big day, it’s surprisingly budget-friendly.
For example, some base policies start around $200 or below, while insurance for destination weddings can be purchased for as much as $1,000, sometimes less than the cost of a wedding cake.
Still, pricing can vary for a number of reasons, from the venue and guest count to vendor selection and certain event risks. Therefore, it’s best to partner with an insurance professional to receive the lowest rate on your wedding insurance while getting the coverage you need.
5. CUSTOMIZABLE PROTECTION FOR YOUR UNIQUE CELEBRATION
We understand every wedding is individualized to the bride and groom, the guest experience, and the venue. Consequently, you can customize your wedding insurance to meet the needs of your celebration, its headcount, location, and risks by working with a talented insurance agent.
As an event insurance company, our job is to ensure that future newlyweds have benefits that support their future together. That requires customizing every policy to ensure it includes all necessities, whether a couple needs host liquor liability coverage, weather contingency planning, overnight options, or specialized protection for destination weddings.
FORTIFY YOUR FINANCIAL FUTURE WITH WEDDING INSURANCE
We understand that insurance may not be the primary focus of your big day. We also know some couples may need expedited insurance to avoid cancellations ahead of their special day.
We offer event insurance in all states through our easy-to-use online application here. Plus, we can expedite a policy after receiving an application for those seeking a policy within 24 hours, giving you instant peace of mind.Contact us today or simply complete our online application to check off one of the most overlooked essentials in wedding planning.
