Monday, March 22, 2010

Wedding Insurance

Most wedding reception venues require that you get special event insurance ($1 million liability coverage). I was searching for that and I came across "Protect My Wedding." I was surprised that in addition to liability, there's a whole lot more covered for only $360 (according to the premium calculator on Travelers Insurance):
  • Ruined attire (dress, suit)
  • Lost deposits
  • Lost rings
  • Severe weather
  • Transportation shutdown
  • Ruined photos
  • Stolen gifts
  • No-shows
  • Accidental injury or damages
According to Claims Magazine, 40% of wedding insurance claims were because of vendors or venues going bankrupt. Twenty-two percent of claims were a result of key family members not being able to attend due to sickness, untimely death and travel delays.

So, did you consider wedding insurance or did you actually buy the premium? 

With all that could potentially go wrong, it seems like a small price to pay after all -- even for this bride on a budget.

3 love notes:

Bicoastal Bride said...

We definitely got insurance through Travelers’ Wedding Protection Plan for just a couple hundred dollars. I think it’s an important safeguard, since you never know what might happen suddenly.

Anonymous said...

I just purchased mine thru State Farm for $50 for $1M in insurance! Sounds like a got a good deal.

Dave said...

Yes, I bought a wedding insurance plan for my daughter's wedding and I felt pretty safe and protected.

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