Wedding insurance is an essential part to discuss when preparing for the big day, but some do not even consider it as it can seem complex. On the other hand we devote so much time to searching for vendors, choosing flowers, arranging transportation, decoration, airfare (in some cases), selecting the venue, and the list can be endless. With so many factors involved it’s good to always be prepared if something happens.
This guide on the best wedding insurance options can help you to get started and find the right company for you. Although we are facing coronavirus worldwide, and some companies are not offering cancellation coverage during the ongoing crisis, this can be a time to check the alternatives and determine what company and type of coverage will be the best for your special day for whenever it is postponed in the future.
Here are some questions to consider when choosing a wedding insurance:
How do I know if I need wedding insurance at all?
If you can’t afford to pay back for damages, and your home insurance or credit card company won’t cover you, then maybe you should get wedding insurance.
How much does wedding insurance cost?
Basic liability policy can cost around $80, depending on the size of your wedding and the benefit limits you select. If you add cancellation insurance, your premium could go upwards of $400 for an all-inclusive policy. You can shop around and get quotes from several wedding providers to fit your budget!
How much wedding insurance should I buy?
Pick a policy that matches your total wedding expenses. Insurers offer different levels of coverage to help you choose the best fit. With liability insurance, you are usually covered for at least $500,000, but coverage can go up to $5 million. While cancellation protection ranges between $6,000 and $200,00, depending on the company. Before purchasing wedding insurance, make sure to assess the risks. This is really important to make sure what is being covered.
Check out the “Best Wedding Insurance Based on In-Depth Reviews” at https://www.consumersadvocate.org/wedding-insurance