Day Of Insurance For Wedding

Event Gifts Special Jewelry And Special Attire

This coverage reimburses you for theft or damage of pricey wedding-related items. In general, the reimbursement will be calculated based on the cost of repairing or replacing the respective item. If a gift, clothing or jewelry is stolen, your policy may require you to immediately report it to the police for a claim to be made.

Depending on your contract, the insurance company may also make specific stipulations about types of damage that may be excluded. Damage caused by weather might only be covered if it took place during the event. If the day before the wedding, you bring your wedding dress back from the dry cleaner during a storm and accidentally drop it in a puddle, your policy wouldn’t cover it.

For clothing and attire, your policy may change the amount of reimbursement based on whether the damage occurred during or prior to the event. For example, some event insurance will only reimburse 50% of the original coverage limit if the clothing has been worn.

How Much Does Wedding Insurance Cost

A basic insurance policy that covers the loss of photos, videos, attire, gifts, rings and deposits usually costs anywhere between $125 and $550, depending on the amount of coverage you want. General liability insurance depends on the limit of liability selected, which usually covers up to $1 million for accidents, and costs around $185. “Event cancellation coverage is based on the price of the wedding the couple wants to protect. Couples should choose a coverage level based on their total wedding budget. This is the investment you would stand to lose in a worst-case scenario,” Lauro says.

Overall, wedding event insurance costs vary because of numerous factors, so research the best one for your wedding. And remember, wedding insurance shopping isn’t just for the to-be-weds. “The mother of the bride or the father of the groom can buy policies too. Anybody who might have a financial interest in the wedding can purchase a policy,” Shasha says.

Best For Certificates Of Insurance: Wedsafe

WedSafe

• Get a 15% discount for buying two main types of coverage at once

• Buy liability coverage up until the day before your event

• Company has been around since 1999

• Need to apply for a quote to see pricing online

WedSafe has been around since 1999. The insurance products it offers through WedSafe are backed by Nationwide Insurance, a Fortune 100 company with an A+ rating for financial strength from A.M. Best. While youll need the full information on your wedding date in order to get a free quote, WedSafe promises its policies can protect you in the event part of your wedding goes awry, resulting in a financial loss.

Like other providers in this space, WedSafe offers two main types of wedding insurance coveragewedding liability insurance and wedding cancellation and postponement insurance. You can get an instant quote online for the types of insurance you need for your big day, and you can receive a 15% discount if you buy both cancellation coverage and liability coverage for your wedding at the same time.

With the liability coverage, youll get coverage for liability for injury as well as property damage and the coverage is primary, meaning it reimburses you before any other type of insurance you have. Meanwhile, wedding cancellation coverage includes provisions for severe weather, sudden illness, vendor bankruptcy, and more.

Also Check: How To Plan Your Own Wedding

Definition And Example Of Wedding Insurance

Like other types of event insurance, wedding insurance is designed to protect you from various potential losses associated with your big day. These events generally fall under liability coverage or cancellation coverage.

You might choose a policy that covers $25,000 for expenses related to inclement weather. Your policy will send you a check to cover the cost if you have to buy a tent because an unexpected storm rolls in before your wedding.

What Is Excluded From Wedding Insurance

• Changes of Heart: Most wedding policies will not cover the groom or bride if either gets cold feet and decides not to get married. Most cancellation policies do not even offer this type of coverage, and those that do only make it available as an add-on.
• Foreseeable/Known Circumstances: Policies will not generally cover you for any losses deriving from circumstances that are either under your control or that could have been easily prevented or foreseen. An example might be not covering the cost of a replacement for the vintage car a friend promised to lend but then failed to honor the promise.
• Jewelry: Any losses related to jewelry other than the wedding bands usually wont be covered by your policy.
• Theft of gifts: Standard wedding insurance doesnt cover the theft of wedding gifts, including cash, at the reception or other wedding events.

Recommended Reading: Split Shank Engagement Ring With Wedding Band

Tie The Knot With Wedding Insurance

The start of for better or for worse is much easier when youre protected from the worst. For peace of mind when you walk down the aisle , Thimbles Wedding Insurance: Helps protect you against the financial consequences of claims for bodily injury and property damage from third parties

Comes with liquor liability for most events, and the option to add liquor liability for those who need to purchase separate coverage.

Do I Need Insurance For My Event

Many venues will require you to purchase general liability insurance for your event to protect you and them in case someone gets hurt or the property is damaged. You might even be at risk of losing your event spot if you don’t provide proof of insurance. But you could lose even more than that if you don’t get the right coverage. For example, if someone leaves the plug open on a cooler and causes damage to your venue’s hardwood floors, you could be stuck with a massive repair bill as high as $10,000 in one case.

Fortunately, you can easily get the coverage you need through Event Helper. If your Event Helper policy doesn’t meet your venue’s insurance requirements, you’ll get your money back. Plus, you’ll get a 5% discount on your policy when you purchase through Progressive.

Not sure if you can insure your specific event? Event Helper offers insurance for over 400 events, including rehearsal dinners, birthday parties, festivals, meetings, and more. Quote event insurance now so you can relax the day of.

Read Also: What Is The Best Wedding Band Material

Best For Wedding Liability Coverage: Wedsafe

Wedsafe

WedSafe was established in 1999 and issues wedding insurance underwritten by Nationwide, backed by Aon Affinity and K& K Insurance. They offer event liability insurance with a very comprehensive wording and can cover the venue and additional named insureds.

WedSafe also offers coverage for liability in departing from the U.S., Canada, Puerto Rico, or any territory or possession of the U.S. like the U.S. Virgin Islands.

For their cancellation and postponement coverage, we like that you’re able to choose different levels of insurance in categories, such as the ceremony, reception venue, caterer, photographer, videographer, flowers, special attire, and other wedding purchases. They have a low deductible on their cancellation policy. This level of coverage selection allows you to assign amounts that fit your event and budget.

There’s also extended optional territory coverage.Wedding cancellation and postponement insurance are available in the UK, Mexico, the Bahamas, Bermuda, and Caribbean Islands at only about 10% more than the cost of cancellation insurance for the U.S.

When Should You Buy Wedding Insurance

Ty Stewart, CEO and president at Simple Life Insure, suggested getting wedding insurance early.

Apply for wedding insurance early in your wedding-planning process, ideally before you book any major vendors. This ensures you can be fully transparent with these vendors you have such protection and can negotiate deposits and contracts in good faith, Stewart said.

Though you can purchase a policy two years in advance, some liability insurance can be purchased as late as the day before. Its best to check with your agent and venue to find out your options and requirements.

Wedding insurance costs vary based on coverage levels, deductibles and riders. Our survey found most wedding insurance policies cost less than $700.

Also Check: How Can I Get A Free Wedding Dress

How Much Does Special Event Coverage Cost

Couples pay an average of $275 for a wedding insurance policy, but your premium largely depends on the coverage limits you choose and what you include in the policy.

Limits for cancellation and postponement coverage range from $7,500 to a maximum of $175,000. Additional expense coverage limits range from $1,500 to $35,000. All other limits are generally between $1,000 and $10,500. Your choice of coverage level is the biggest factor in the cost of coverage. Base the amount of coverage you need on your budget for each item.

Help Protect Your Big Day With Markel Wedding Insurance

Because peace of mind should always be on the guest list.

Your wedding day has taken you months to plan. And if everything goes right, it will be a smashing success! But how often does everything go according to plan? You may have never thought about it this way, but there can be financial repercussions to almost any hiccup that could occur before or during your wedding. Thankfully, theres Markel Specialty wedding insurance to help you recover or repay for many of those situations.

Recommended Reading: Can I Print Wedding Invitations At Staples

Wedding Insurance Cost Comparison

Some wedding insurance policies also have deductibles. The deductible amount reduces the insurance check if you make a claim. Usually, the deductible applies to cancellation and damage claims, such as damaged wedding attire. But some policies also apply a deductible to property damage liability claims, such as Markel.

What Does Wedding Insurance Cover

Wedding event insurance can help solve problems with the site , weather, vendors, key people, and sickness or injury before, on and after the wedding day. There’s usually a specified maximum amount, which can be claimed under each section, and a deductible also applies. Steve Lauro, Vice President at Aon and the program manager of WedSafe, wants couples to know that insurance policy coverage depends on the company. “All types of insurance vary, not only from company to company but from state to state. Insurance in the US is governed by each state’s Department of Insurance.” Lauro encourages couples to “find a reputable company who specializes in the type of coverage they are seeking, for example, a program dedicated specifically to wedding insurance. Make certain to inquire about what products and benefits are right for you.”

Here’s a brief description of each item wedding insurance companies usually offer coverage for:

Read Also: How To Pee In A Wedding Dress

Is Special Event Insurance Really Worth It

While having wedding insurance can provide peace of mind to couples preparing for their big day, not everyone needs coverage to handle the risks of a canceled wedding.

If you feel you can afford additional costs, such as losing a deposit or covering damage to your venue, you might not need wedding insurance.

Some wedding venues provide catering and other services, reducing the number of vendors and payments. If something were to prevent the venue from being used in these cases, you’re more likely to be refunded a larger portion of your expenses.

Consider what you could reasonably pay out of pocket before you’d need to cancel or postpone your wedding. If it’s vital for all of the immediate family and active participants to be at the event, a policy might be worth it for you. But if you can afford to pay out of pocket to fix any issues that come up, then it might make less sense to get a wedding event policy.

Wedding And Event Liability Insurance Starting At Only $119

INSURE YOUR WEDDING OR SPECIAL EVENT WITH eWeds LIABILITY INSURANCE

Waiver of Subrogation available for an additional $95!

Is your venue requiring liability insurance? Dont stress, eWeds liability insurance has you covered. eWeds liability insurance is specifically designed to meet your venues requirements. Our wedding and event liability insurance includes naming your venue as an Additional Insured and Host Liquor Liability, all for no additional cost. All policies have ZERO deductibles.

If your venue requires a Waiver of Subrogation, you can add the waiver to eWeds Liability insurance with just one click!

However carefully you plan each detail, you cant always prevent damage to your venue or an accidental injury for which you may be legally responsible. eWeds wedding liability insurance policies will cover you from the moment set-up begins at your first event, whether its your rehearsal dinner or the wedding ceremony, through the breakdown of the final celebration of the weekend. Thats three full days of coverage! For non-wedding events, coverage is limited to one day but still includes set-up and breakdown days. For both weddings and events, you have until the day before your wedding or event to purchase it.

TYPES OF EVENTS COVERED

• Wedding Anniversaries

Wedding and event liability insurance coverage includes:

Most homeowners and renters insurance policies do not cover property damage or injury occurring at your wedding. eWeds wedding liability insurance does!

Don’t Miss: How To Do Wedding Invitations

What To Watch Out For When Purchasing Wedding Insurance

Before you make any decisions regarding wedding insurance, we recommend you do your own research and make sure to get all your questions answered. Only then will you have the peace of mind that comes from knowing your big day will be covered if the worst were to happen.

Remember that, as of June 2020, the COVID-19 pandemic has put a hold on the sale of insurance policies from many companies, especially cancellation policies. Check with each insurance provider to see if theyre offering wedding insurance at this moment.

Lastly, you must make sure a companys policy will cover expenses or commitments made before you got the policy. If youve already spent money on wedding-related services, seek out policies that will cover you for retroactive expenses.

Is General Liability Insurance Tax Deductible

General liability insurance premiums can typically be deducted from your taxes. Its important to consult with a licensed accounting professional to make sure you qualify.

The IRS categorizes payments you make for this type of insurance to be both an ordinary and necessary business expense so be sure to keep a file of how much you pay every year for your policy.

Read Also: How Much Does A 50 Person Wedding Cost

Event Insurance For Your Wedding Charity Run & More

Whether you’re planning your big day or hosting a charity 5k run, Event Helper will make sure you can enjoy your event without worry. With Progressive® Wedding and Event Insurance by The Event Helper, Inc., you’re protected in case accidents happen so you can breathe easier and simply have fun. Plus, you can purchase cancellation coverage for your wedding, safeguarding your investment if you have to postpone or cancel.

Quote multi-day or one-day event insurance today and get your slice of peace of mind.

Companies That Offer Wedding Insurance

Many companies write wedding insurance policies. Lets take a look at three options.

Travelers insurance offers an all-encompassing policy called the Wedding Protector Plan. It has no deductibles and covers:

• Postponement or cancellation due to family illness, extreme weather or some other unexpected reason.
• No-show photographers or videographers, or photos and videos not delivered as promised.
• Lost deposits, such as those paid to bakers, caterers, bridal boutiques and wedding venues, that go out of business.
• Lost or stolen wedding gifts .
• Lost or damaged dresses or attire and special jewelry, including wedding rings.
• Coverage for additional and unexpected expenses, such as replacing a damaged wedding cake, spoiled food and other glitches in catering and entertainment.

WedSafe offers liability and cancellation insurance. The liability policies have limits available up to $5 million. These policies include:

WedSafe cancellation insurance offers protection for those times that you cant predict, including:

McDonald said WedSures policies are a la carte.

All of our coverages are optional and the pricing, which starts at $95, is determined by one of the nine coverages selected and the limit the insured wishes to select, she said.

Their cancellation coverage starts at $125 and goes up depending on which coverages you choose to add to your policy. It covers:

• Last-minute illness

• Vendor bankruptcy
• Lost deposits from no-show vendors

Don’t Miss: Who Will Buy My Wedding Dress

Liquor Liability Insurance For Wedding

Liquor liability insurance should protect you against any liquor-related incidents during the wedding ceremony. This alcohol liability insurance for wedding comes in especially handy when the venue has a bar or there’s a facility within where alcoholic beverages are served.

So how does liquor liability insurance work? Liquor liability insurance will cover medical expenses, reimbursements for damaged property, and legal fees when a guest sustains property damage or personal injuries due to the following:

• Gets involved in a car accident after getting drunk

• Overserved with alcohol, resulting in injuries or property damage

• Suffers from alcohol intolerance

What Wedding Insurance Doesn’t Cover

• A change of heart. In other words, cold feet don’t count.

• Watches, jewelry or semiprecious gemstones or pearls may not be covered.

• While the policy may cover your wedding rings, your engagement ring probably will not fall under the same coverage. You can purchase engagement ring insurance separately or see if it’s covered by your existing homeowners or renters insurance. Keep in mind that these items may be subject to your policy’s deductible.

Read Also: When To Send Save The Dates For Destination Wedding

A Year Of General Liability Insurance For Professional Photographers

If you’re a professional photographer meaning that you are paid for your work on a semi-regular basis you should absolutely consider a general liability insurance policy. Its a standard business insurance policy that addresses a lot of your risks and can be invaluable in the event of an accident or lawsuit.

Because you work in a relatively low-risk field, general liability is usually quite affordable the median cost runs about $259 for a whole year of coverage. By contrast, a one-day event policy will cost you around $180 or more depending on:

If you photograph even one more wedding per year, youll save money on insurance that youd most likely have to buy anyway.

You may ask then: Why get insurance if photography is a low-risk industry?

First, low-risk and no-risk are two very different things. Additionally, an accident or lawsuit could bankrupt your entire business if you dont have an active policy. And lastly, its likely that the wedding venue requires it to help reduce their own liability.

Even if the wedding takes place at someones residence, the homeowner may or may not have their own indemnity coverage for the event but even if they do, any loss or damage to your photography equipment would probably come out of your own pocket unless its covered by your insurance. This is especially true if you accidentally injure someone or damage the homeowners property.