This is the question many have when going through the planning process. In between canceling and postponing weddings and their respective celebrations across the world, this year has proven why having wedding insurance is so important. Beyond saving money, it is great to have the relief that, if something unexpected happens, there is a plan to fall on. It is even more integral when there are so many components involved in a wedding such as different providers, venues, or even travel if family members are flying in from another state or country for your special day.
Picking insurance doesn’t have to be complicated, but you must assess the risks so the policy matches the total wedding expenses. This is to make sure that if something goes wrong, it can cover any damages and you don’t worry about paying out-of-pocket. A basic liability policy can cost around $80, depending on the wedding size and the selected benefit limits. Adding cancellation insurance, the premium could go upwards of $400 for an all-inclusive policy. Shopping around to find the best price doesn’t hurt anyone!
There are many companies out there, and Consumers Advocate has recently completed research on their options. Do keep in mind that some companies are not offering cancellation coverage during the ongoing pandemic, but it
is still relevant for couples to evaluate what wedding insurance policy fits their needs and budget.
This article was submitted by Consumers’ Advocate.
