Want to protect yourself in the event of a wedding mishap, severe weather or a vendor incident? Here’s what to consider before getting wedding insurance. Take a look at these basics to see if wedding insurance is for you.
Originally published by Daniel Bortz on February 4, 2020 for the New York Times
After a year and a half of careful wedding planning, Sally Niebuhr was ready to watch her oldest daughter, Kiki LaCroix, walk down the aisle at a winery in Sonoma, Calif., last October. But Mother Nature had other plans.
When the Kincade fire struck the area just a few days before the wedding was scheduled to take place, causing widespread evacuations, their dreams of a wine-country wedding were crushed.
The good news? Ms. Niebuhr had bought a wedding insurance policy for $350 from Travelers Insurance that provided $7,500 of cancellation coverage. She was refunded the $6,500 deposit she paid for the venue. The money was then used to book another place in San Francisco on Oct. 26, her original wedding date and just three days after the wildfires hit Sonoma.
Wedding insurance — also called event insurance — can shield people from financial loss that could result from a number of setbacks, such as severe weather, property damage and vendor problems.
What does wedding insurance cover?
There are two types: liability insurance and cancellation insurance.
Liability insurance covers property damage to the wedding site and bodily injuries to attendees. “If one of your guests slips and falls on the dance floor, liability insurance will cover their medical bills up to the limits specified on your policy,” said Drew Purcell, the business development leader at Progressive Insurance.
Cancellation insurance provides reimbursement for the deposits made to vendors — i.e., your events space, caterer, band, photographer, florist — if you’re forced to cancel or postpone a wedding because of extreme weather, unexpected illness to the bride or groom (or an immediate family member), military deployment, or for other reasons beyond your control.
How much does wedding insurance cost?
Costs vary, depending on a number of factors, such as the venue, length of the event, location, number of guests and amount of coverage you need. As a benchmark: A liability insurance policy, providing $1 million of coverage starts at around $175 from Allstate Insurance.
Do I really need wedding insurance?
Megan Hiltbrand, a wedding and event planner in Syracuse, N.Y., advises her clients to at least buy liability coverage. “The cost is a drop in the bucket compared to your total expenditure,” she said. “I don’t see a reason not to have it.”
Find out who has the Best Wedding Insurance for 2020
Read the entire article Wedding Insurance 101 for more detailed explanations, real life insurance experiences and recommendations from wedding experts.
Artwork by Marne Grahlman