Why Wedding Insurance?

The reasons adding one more line to the wedding budget may save countless dollars and hours of despair.

By Jarett Laden, Personal Insurance Sales Executive / Payne Financial Group

Wedding insurance, an emerging insurance offering, can't necessarily stop anything unforeseen from happening on a bride and groom's wedding day, but it can provide the couple and their parents with peace of mind knowing that their significant investment in the "big day" is protected.

Couples can purchase a wedding insurance policy that can help them deal with any number of situations that may arise as well as provide liability coverage. As wedding costs soar, reaching the tens of thousands of dollars, the relatively inexpensive premium can help protect the couple and their family's major investment in one of the biggest events of their lives.

Every bride crosses her fingers that her crazy cousin Bill or bridesmaid Anne, with a buried wild side, will be on their best behavior at their wedding, but wedding venues have seen it all and know that this isn't always the case. An increasing number of venues are requiring that their clients purchase a wedding insurance policy with liability coverage in case a guest is injured or causes damage to property.

Wedding insurance is also a smart decision for couples or parents who are serving alcohol and want the peace of mind of having extra liquor liability coverage, especially if they are hosting the wedding at their own home or at a friend or family member's property. Even if monitoring alcohol consumption and driving, there is always a risk of a guest getting in an accident, and no couple wants to start their life together dealing with a million-dollar lawsuit.

Wedding insurance can also help cover those uncontrollable elements that disastrous wedding stories are made of, from repairing or replacing lost or stolen wedding rings, the bride's wedding gown or groom's tuxedo to reimbursing a deposit if a vendor goes out of business, declares bankruptcy before the wedding or simply fails to show up.

If severe weather washes out the big day or a sudden illness prevents the bride, groom or their parents from attending and forces the wedding to be postponed, wedding insurance can provide reimbursement for non-recoverable expenses. The insurance can also reimburse non-recoverable expenses if the wedding is postponed due to the bride or groom unexpectedly being called to duty or if her or his military or service leave is revoked.

The coverage doesn't stop after the wedding either. If gifts are damaged, wedding insurance can help in the repair or replacement cost. And if wedding photos are ruined due to a photographer's film being defective, or if negatives or digital files are lost or damaged, wedding insurance can help reconvene the wedding party to take new photos or video.

People make sure they buy insurance to cover their cars and other major purchases. Wedding insurance can also offer couples comfort, so they can focus their attention on a meaningful wedding day and starting their married life together.

Jarett Laden is located in Payne Financial Group's Helena office and can be reached directly at jladen@pfg-insurance.com.

Why wedding insurance?