After getting engaged, buying wedding insurance is certainly not one of the most attractive things on your to-do list – after all, it is the least romantic of subjects. However, from past events and experiences, we have learned that we should expect the unexpected. Planning a wedding is not a financial loss but an investment and an emotional one; when you consider the costs involved, swinging an additional few hundred or thousand bucks for some peace of mind should not be a brainer.
Why Do You Need Wedding Insurance?
Wedding insurance coverage and special event insurance protect a couple’s investment from reimbursing costs incurred and circumstances beyond their control such as extreme weather, sickness or injury, wedding venues closing, damaged wedding gifts, and vendor no-shows among others.
When looking forward to getting married, most individuals do not want to think about the calamities that may strike on their wedding day. Thus, you should purchase a wedding insurance policy from professional wedding insurance providers at Thumann Insurance Agency to have peace of mind. Additionally, there is optional liability and liquor liability coverage available to protect your interests from unfortunate catastrophes like slips and falls or property damage at the event.
Types of Wedding Insurance
Insurance can be a complex subject, and a wedding insurance policy is no exception. Like how your auto insurance has both comprehensive and liability coverage options for a car accident, there are two types of wedding insurance: liability and cancellation.
·Liability insurance – offers personal liability protection from any injuries or accidents during the wedding ceremony or reception. Wedding liability insurance extends to alcohol-related accidents. Some wedding venues need this, and your local jurisdiction may also need it for a liquor liability permit.
·Cancellation insurance – reimburses or repays you for all the money spent in the event your wedding has to be postponed or canceled. This is a very crucial caveat since most wedding insurance policies do provide heart coverage.
These insurance coverage policies can help protect you from any financial loss or lost deposits. Therefore, to find the ideal wedding insurance policy for you, you need to figure out what the particular insurance policy covers. Seek help from an experienced insurance agent at Thumann Insurance Agency and get a free quote.
When is the Best Time to Buy Wedding Insurance?
The sooner you buy wedding insurance cover the better. Suppose you put a deposit on your wedding reception hall a year before your wedding date, and then it burns down to the ground a few months or weeks before the wedding day. With wedding insurance coverage, rest assured that you will get your deposit back. However, it is essentially important to note that most insurance companies and agencies have coverage limits on how far in advance you can buy an insurance policy.
Wedding Insurance Coverage and Limitation
Issues with the venue, family emergencies, key people, vendors, weather, lost or stolen items are the primary concerns come the wedding day. Usually, there is a specified amount that you can claim under each section, and a deductible also applies. Ensure you find out the details of your insurance plan before purchasing one.
·Site – ascertain that the wedding venues: ceremony and reception, are already insured with a renter’s insurance policy or a special event insurance cover. This would inhibit you from paying overlapping coverage from your pocket. However, a wedding liability insurance policy can cover the expenses arising due to unavoidable cancellations like inaccessibility or damage to the venue.
·Vendor no-show – what if fundamental wedding persons, the officiant or the caterer, for example, fails to show up? What if their permits are revoked or they are bankrupt? A wedding insurance cover will pay for postponement or cancellation of the wedding for these reasons. Some common wedding insurance claims are vendor-related.
·Weather – extreme weather conditions can prevent the couple, family members, or relatives whose presence at the wedding is vital, or most guests from reaching the wedding premises. The casualty insurance policy covers rescheduling the wedding as well as all the details involved, including tent rental, reception food, and ceremony flowers.
·Military or job – military employees can easily be shipped out at a moment’s notice. Insurance can cover the cancellation of the wedding since the bride or groom suddenly gets called to military duty. Additionally, this can apply to a last-minute corporate move, such as when the bride’s or groom’s company suddenly relocates them to another city or state. Military deployment is not always covered. Thus, you should read the insurance policy thoroughly.
·Sickness or injury – wedding liability insurance coverage may also incorporate sickness or injury to the couple or any individual crucial to the wedding.
·Special attire and jewelry – damaged dresses or lost attire and special jewelry such as a wedding ring can be covered by a wedding insurance policy. However, your engagement ring may not. Hence, it is advisable to buy separate engagement ring insurance. It can also be covered by your existing homeowner's insurance coverage.
·Honeymoon – your honeymoon may be as costly as a new car. However, before purchasing travel insurance to protect your investment, check whether your credit card or home insurance policy covers you if your trip is delayed, you have to cancel it, or your luggage gets lifted. If not, consider purchasing a separate policy.
Planning Your Wedding During the COVID-19 Pandemic
In the event of an epidemic or pandemic, many people may suddenly cancel their wedding plans. If you're a bride-to-be who has obtained postponement insurance coverage in order to protect your financial interests just as much as sentimental ones, be sure that COVID 19 is covered by your policy! Some policies will cover cancellations due to epidemics but explicitly disregard this one so don't take anything for granted and read through the fine print on any new plan before signing off on it.
Contact the Wedding Insurance Coverage Specialists in Dallas, TX
Wedding scenarios and insurance policies differ. Wedding insurance does not cover the wedding itself. Various types of disasters may strike hence prevent the wedding from taking place. Therefore, before purchasing an insurance policy, ensure that you contact a wedding insurance specialist at Thumann Insurance Agency. Have our experts elucidate the nuts and bolts to you. You need to ensure that you fully comprehend every detail of your wedding insurance and event insurance coverage policies.
Help protect yourself against a financial loss that may result from a vendor accident or wedding mishap. Wedding liability insurance is a requirement for many wedding venues. Contact us today for assistance.