What Brides and Grooms Should Know About Wedding Insurance
Posted May 30, 2023 in Contingency Insurance
3 Minute Read:
Congratulations, you’re getting married! Every bride and groom should know how to protect themselves and their wedding venue from lawsuits and other damages that can occur on your special day.
Today, we’ll discuss potential requirements for brides and grooms and optional contingency coverage that can save them thousands of dollars (or more!) if something unexpected happens.
If you are looking for some extra piece of mind regarding your wedding, consider adding insurance to your big day. Contact the team at Gallant Risk and Insurance Services, Inc., in Southern California to learn more about your options. Call us at 951-368-0700 or fill out our online contact form.
What Is Contingency Insurance?
Contingency insurance adds to your existing insurance coverage, or it can be stand-alone coverage for a particular event. Wedding insurance falls under this category.
In the case of your wedding day, your contingency insurance may include the following:
- Property damage at the venue
- Injury of a guest at the event
- Wedding cancellation insurance
- The value of your wedding gown
- Damage to gifts or photos
- The value of the wedding rings
Any of the above can cost you in the thousands — or more — if paid out of pocket. That’s why contingency insurance is so important for your wedding.
What Does Contingency Insurance Cost?
Even if you work hard to keep your wedding small, every item adds up to a hefty price tag, and you may be worried about the cost of contingency insurance.
Actually, it can be less expensive than you think. Most wedding contingency insurance falls in the hundreds at most. And what you can save in peace of mind can be priceless.
Contact our office today to discuss contingency insurance and get a quote.
What Happens if You Don’t Get Contingency Insurance for Your Wedding?
Weddings are wonderful. But the unexpected can happen.
For example, a guest might slip and fall on the floor, sustaining an injury. Or chairs or other parts of the venue can get damaged, especially in the excitement of the moment, such as when guests are dancing.
If you’re uninsured, you could be slapped with a bill you never wanted … and possibly can’t pay.
What Damages Could Cost You
You want to focus on the happiness of the day, not worry about the guests’ health or the integrity of your venue. But unfortunately, if something happens, you could be liable.
For instance:
- A slip or fall and an injury could cost thousands.
- The cost of a lost wedding ring could cost in the hundreds to thousands.
- Chairs or tables could cost in the hundreds to replace.
- A stained or damaged wedding dress could cost hundreds to fix or thousands to replace.
- A last-minute cancellation of your venue or your honeymoon could cost in the tens of thousands.
How Much Coverage Should You Get?
That depends on exactly what you want to be covered, how many people you will have at your wedding, the cost of the venue and more. Ask your insurance agent how much coverage you’ll need.
Remember that the average cost of a wedding in the U.S. is in excess of $35,000. To cover all possibilities, many brides and grooms opt for a $500,000 plan (at $200 to $800) to cover damages, accidents and more, but your own wedding contingency insurance will be tailored to your exact needs.
What if You Want to Cancel Your Wedding Insurance?
We never recommend this. However, if you want to cancel or change your wedding insurance, contact your insurance agent for advice.
Peace of Mind: It’s Priceless
What you’re really buying with wedding insurance/contingency insurance is peace of mind. You don’t want anything to spoil your big day, but accidents happen. Ensure you’re covered so your happy occasion is worry-free … and a great start to your life together.