To some, wedding insurance sounds like a financial investment you should make if you have money left over in your wedding budget.
Here’s my take.
Wedding insurance is a small financial investment you can make to protect a much bigger investment – Your wedding day.
While a large percentage of wedding days are free of incidents, there is a small percentage that is affected by theft, sudden illness, vendor closings, or a natural disaster. And, believe me. If you experience one of these issues during your wedding or wedding planning, you will definitely wish you had insurance.
Does wedding insurance still feel like overkill? Here are some true scenarios from our little world of wedding planning –
- A bride has custom linen (in various colors) flown in from India. Her wedding is carried out perfectly. At the end of the night, the wedding planner is packing up the linen when she realizes that she is missing linen. In fact, she is missing one of each color. So, she and the banquet captain search the entire venue but they cannot find them. They come to the conclusion that the linen was stolen. This theft left the bride and groom, $2,000 in the hole.
- A wedding guest was a little too, shall we say exuberant, on the dance floor.So, he slips and falls while doing the “cha cha slide.”
- A groom gets deployed to Iraq five weeks before the wedding date.The bride and groom are able to get most of their money back from the wedding vendors.Unfortunately, their lovely wedding invitations were already printed, assembled and stamped. This resulted in a $1,200 loss for the bride and groom.
- As a result of the failing economy, a florist closes shop three weeks prior to a wedding (taking the flowers and the deposits with them). The bride just made her final payment on her $4,500 order.
As you can see, there are a number of things that can happen. But wedding insurance gives you peace of mind that you are financially protected if something crazy should occur.
And, don’t forget to insure your wedding rings! For your reading pleasure, here is a post on Engagement Ring insurance.
Love & Soul Always, Kawania