You probably didn’t even know what wedding insurance was let alone finding out that you might actually need it. We’ve compiled a list of the top 10 most frequently asked questions when it comes to wedding insurance.
1. What is wedding insurance?
Wedding insurance is a type of policy that provides financial protection for any potential losses, including pre-paid deposits and additional costs, should something go wrong in the lead-up to, and on, your wedding day.
2. Do you need wedding insurance?
Whilst you don’t need to have wedding insurance to get married, you run the risk of having to spend more money than anticipated should something go wrong. With so many moving components and a heavy reliance on external suppliers and vendors, do you want to run the risk of something falling through before or even on your big day? e.g. your venue could be shut down due to a dangerous gas leak and your wedding subsequently cancelled or your hired Rolls-Royce swerves into a ditch on route to pick up the bride resulting in a cab having to be hailed at the last minute. If the answer is no then purchasing wedding insurance might just be the sensible idea and will certainly give you some peace of mind that should any hiccups occur, you won’t be out of pocket.
3. What does wedding insurance cover?
What a wedding policy covers will depend on the provider and the level of cover selected. A typical basic wedding insurance policy will cover:
- Rescheduling of wedding
- Lost, stolen or damaged wedding attire, rings and gifts
- Supplier failure e.g. photographer, florist, bakery, DJ
- Wedding transportation
- Equipment hire e.g. marquee
The above is not an exhaustive list and what is covered by a basic wedding insurance policy will vary from one provider to another. For more details and examples of items covered by wedding insurance, see our What Does Wedding Insurance Cover? page.
4. How much does wedding insurance cost?
Again, this will vary from one provider to another and is dependent on the level of coverage that is selected. The higher the level of coverage, the more you can be expected to pay.
5. What level of coverage is best?
When it comes to wedding insurance, the level of coverage required comes down to individual needs and budget. In general, couples often select the level of cover based on their total wedding budget or equivalent to the amount of money they could potentially lose if the wedding had to be cancelled and rescheduled at short notice.
6. How far in advance should you purchase your wedding insurance?
Generally, as long as it is before your wedding day, it should be fine but many will start to consider purchasing as soon as any deposit has been paid or a contract has been signed (and whereby you stand to lose money if you are forced to change your plans). However, each provider will have their own stipulations as to how far in advance you can purchase your wedding insurance. Some allow you to purchase up to two years before the big day whilst others may require you to purchase it no less than 30 days before the day of your wedding.
7. Will wedding insurance cover the bride or groom changing their mind?
Unfortunately, if the wedding is cancelled due to the bride or groom getting cold feet and a change of heart, you won’t be able to recoup your losses through wedding insurance. Normally cancellations are only covered if they are caused by fortuitous events. Always be clear on what is covered as well as the limitations and exclusions by reading through the policy thoroughly.
8. Does wedding insurance cover the honeymoon?
Sometimes. Many wedding insurance policies exclude the honeymoon from the policy so you will need to take out separate travel insurance for it. Others include it as part of cancellation or postponement i.e. if your wedding is cancelled or postponed due to one of the conditions that is covered, your non-recoverable honeymoon expenses would be also covered. If your wedding is cancelled or postponed for any other reason, honeymoon expenses are not covered. If it is important that your honeymoon is covered within your wedding insurance policy then you will need to look for a policy that provides this.
9 . What happens if the wedding is cancelled?
In the unfortunate event that a wedding is cancelled, it will be covered only if the cancellation is due to the specified events defined within the policy e.g. adverse weather conditions. Cancellations caused by events outside of the policy will not be covered e.g. a voluntary decision such as either party changing their mind and deciding they don’t want to get married after all.
10. How do you make a claim?
Your policy should clearly stipulate the claims process. Some providers require you to lodge the claim online or via email. Others will require you to call a dedicated claims phone number or to download a form to be completed and posted out to them.