As smart shoppers know, anything can happen…even on your “Big Day”. Whether it’s a sudden cancellation, stolen gifts, or a damaged gown, wedding insurance may help protect you against the unforeseen. It can also afford you great peace of mind on your special day.
“Weddings can be costly, so it’s important to consider protecting yourself in case something unexpected happens,” said Claire Rosenzweig, President and CEO of the Better Business Bureau Serving Metropolitan New York. “Be sure to always follow these basic tips before making any large investment: Plan ahead, do your research, ask questions, get everything in the writing, review the terms and conditions carefully, and pay with a credit card when possible.”
You may also want to consider wedding insurance which can cover a range of problems such as vendor no-shows, cancellations, inclement weather, military deployment, medical emergencies, travel delays and more.
When looking to invest in wedding insurance, consider the following tips:
How Much Does Wedding Insurance Cost? A basic insurance policy that covers loss of photos, videos, attire, presents, rings, and deposits can cost between $155 and $550 or more, depending on the amount of coverage. General liability insurance, which covers up to $1,000,000 for accidents, can cost around $185.
Do You Really Need Wedding Insurance? Before you buy wedding insurance, check with your each of your vendors to see how well they're covered. Make sure to check that they are reputable businesses via their BBB Business Reviews at www.bbb.org. Your reception site or your caterer may already have their own insurance, so you wouldn't want to pay for overlapping coverage out of your own pocket. Make sure to get everything in writing and ask your vendors for a copy of their policy to see where you aren't fully covered.
When Should You Get Wedding Insurance? The sooner the better. Let's say you put a deposit on your wedding reception hall 12 months prior to your wedding date and then it burns to the ground a few weeks before the big day. With wedding insurance, your deposit may be covered in full. Make sure you know how far in advance you can purchase the insurance, some insurance companies have limitations.
What Does Wedding Insurance Cover? Problems with the site, weather, vendors, key people, sickness, or injury are the top concerns noted on wedding day. There is usually a specified maximum amount, which can be claimed under each section, and a deductible also applies. Be sure to find out the details of the insurance plan, before you purchase.
For more tips you can trust, visit www.newyork.bbb.org.