Peace-of-mind for your big day
As a once-in-a-lifetime event, weddings take a lot of people to pull together. Caterers, the photographer, the venue, the planner – all these moving parts make it much more likely that something will go wrong. Most vendors are trustworthy, but any wedding forum will have stories of the couple whose caterer never showed up. Choose the wrong service provider, and next thing you know, you’re out several thousand dollars and you never even got to taste the cake you worked overtime to afford.
Wedding insurance can help protect against disappointment, wasted money, or even lawsuits from your guests or vendors. There are two main risks associated with covering a wedding: disruption to or loss of the day itself due to a vendor mistake, natural disaster, or bad weather event, and liability. Wedding insurance can give you peace-of-mind, not only throughout the planning process, but on the big day itself, allowing you to focus on your spouse and not be preoccupied with other concerns.
What situations can wedding insurance cover? What type of policies can I purchase?
Wedding insurance is typically optional, couples can pick and choose from the protections their provider offers to build a custom policy that works best for their special day. It is important to remember that every policy will be different depending on the provider and the person being insured; however, there are several basic categories that most wedding insurers will offer:
Cancellation: reimburses you for the nonrefundable expenses (such as deposits) lost if the rehearsal dinner, reception, or honeymoon must be canceled or postponed for reasons beyond your control, or if a particular vendor cancels. If your wedding, or portions of your wedding, must be called-off due to serious illness, injury, extreme weather, a no-show vendor or marriage officiate, or a shut-down or out-of-business venue, you will be taken care of.
Jewelry coverage: wedding insurance that will pay to replace or repair your lost, stolen, or broken wedding or engagement rings up to a certain amount. Some homeowner’s or rental insurance policies will also allow you to purchase an additional endorsement that will provide this protection.
Property Coverage: wedding insurance that covers the repair or replacement costs of damaged, destroyed, lost, or stolen rental equipment such as hardware, electronics, and tents, attire such as wedding dresses, and gifts in the event they are lost, damaged, or stolen.
Please note that these parameters are only examples of what the typical customer could expect to receive for this type of policy. Actual coverage will depend on the provider and the person being insured. Please talk to your A.R. Davis agent to find out what type of coverage you qualify for.
Why do I need liability coverage?
Although most venues and vendors will not require you to purchase a comprehensive wedding insurance package, many will require that you have some sort of liability coverage to protect them and you from medical or legal fees should one of your guests get hurt, or part of their property get damaged.
Even if you decide to host your wedding yourselves on private property, taking out a one-time special liability policy is still a good idea, especially if you are serving alcohol. Lawsuits can quickly overwhelm any standard liability policy you may have.
Umbrella Liability coverage: can pay for medical bills and legal fees in the event of a fire, food poisoning, or guest injury where the hosts are found at fault. If you are hosting your wedding in an insured home, the homeowner’s policy may cover some or all of claim; however, since the larger the event is, the more likely expenses will rise quickly, it is best to have an additional umbrella liability endorsement. Wedding insurance is a fairly inexpensive precaution.
Special Event Insurance or host liquor liability: some homeowner’s insurance policies will include liquor liability coverage if you are hosting a private party in your own home. This may extend to a wedding; however, as most couples will hire outside vendors and invite a large amount of guests to their marriage celebration, it is usually recommended that they purchase “special event liability.” This is a one-time policy that provides extra insurance for a specific occasion on a specific date- in this case, your wedding day. The cost typically depends on how many guests are attending, what types of drinks are being served, and how long the celebration will last, but overall, special event liability is extremely affordable, certainly more so than a lawsuit.
What can I expect to insure with A.R. Davis?
A.R. Davis offers many different types of coverage for your wedding day. The exact parameters of your policy will depend on the individual needs and qualifications of the business or person being covered. Please speak to your A.R. Davis agent to find out what your policy will entail.