I know that wedding insurance is very unglamorous topic. It’s also a bit of a negative one that evokes images of runaway brides and cold-feet grooms. But really, don’t you want to protect the thousands of dollars you’re spending on an event where so many things could go wrong?
Shawn and I got insurance not because we’re worried that one of us is going to flake out but because photographers can have bad days, cakes can fall apart, venues can fall down and either of us can be hit by a car that doesn’t stop at a red light while speeding down Dundas.Our wedding insurance policy was bought through our home insurance and is running us just over $200. For that price, the cost of our photographer, cake and outfits are totally covered. There’s also several thousand to cover gifts and honeymoon cancellation. Our venue is covered for up to $10,000 meaning that if we call things off the day before the wedding we’ll still be out a few thousand but we feel safe taking that gamble.
And that’s the nice thing about insurance policies, you can decide how much you want to “gamble”. We could have insured out entire wedding but that would have cost us somewhere around $500, an amount we weren’t ready to spend. So instead we settled on getting most of it covered for a lower price.
Your current home/rental/car insurance provider is generally the best place to start looking for specific information on wedding insurance since many companies will offer a preferred rate to those who already hold an existing policy. Of course, if you’ve got the time, do shop around, particularly if you want a really customized policy (say, only want the venue covered for $10,000 but want your $15,000 dress totally covered).
While buying wedding insurance will be, to some, wasted money, for me it’s a clear case of “better safe than sorry”.
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