Planning a wedding is an emotional and stressful endeavour. And weddings aren’t cheap affairs either, with the average wedding in the UK, costing a little over £15,000.
Given the considerable investment you may make for your big day, wedding insurance can give you peace of mind in knowing that you’re protected in the event things go wrong.
How does wedding insurance work?
Wedding insurance providers cover for when things go wrong. That can include having to cancel the wedding due to a family illness or bad weather. It can include cover for costs if a supplier doesn’t deliver or for booking a different venue or caterer due to cancellation.
Wedding insurance policies often come in package deals, although you can get tailored policies to suit your needs. Some policies may have limits to the amount of cover they provide, so it’s important you know exactly what you’re getting from your wedding insurance.
How to get the best wedding insurance policy?
Weddings come in all forms. From small budget intimate affairs, to large-budget extravaganzas.
Regardless of the size of the affair, a wedding is a significant milestone in everyone’s lives. The right wedding insurance can help make sure that if things go wrong, they’ve got the protection to salvage their big day.
When looking for the best wedding insurance policy that suits your needs about:
What you need it to protect, e.g. venue, rings and catering
How much you plan to spend to decide the amount of cover you need
Whether you have any protection already, e.g. cover when using a credit card
What do you need cover for?
Every wedding is different, so it is important to get a policy that gives you the cover you need. Most wedding insurance policies cover you for:
Cancellation or rearrangement
Your wedding attire
Flowers, cakes and rings
Wedding cars and transport
Failure of suppliers
Wedding insurance should also include public liability protection. This can cover compensation if someone is injured at your wedding, or if the venue is damaged by a member of your wedding party.
How much cover do you need?
The amount of wedding cover you need will depend on how much you intend to spend on your wedding. Work out what your wedding day will cost and get a policy that could pay out if you have a problem. Think about what you will pay for:
Photographs and video
Wedding cars and transport
You need to find a policy that offers the right level of cover, e.g. if your wedding costs £20,000, find a policy that offers a cancellation cover limit of at least this amount.
Are you already covered?
It’s possible that you may already have some protection through other means or through other insurance policies you may have.
Your credit card: If you make any wedding payments between £100 and £30,000 by credit card, you can use Section 75 to get your money back if something goes wrong.
Your home insurance: If you have contents insurance, it could cover your wedding gifts and rings in your home before the wedding.
While these can give you some protection, they are not a substitute for wedding insurance, which provides tailored cover for your wedding.
Can you get insurance for weddings overseas?
Destinations weddings are becoming increasingly popular in recent years. Many couples look to escape the rainy skies in the UK, for sunnier locations.
There are many insurance companies that offer wedding insurance abroad, though they may cost a little more. It’s also possible that some policies may not provide certain types of cover for overseas weddings. For example, public liability.