What is wedding insurance? Why should we have it?
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Wedding insurance in the UK is a type of insurance policy that provides financial protection and coverage for various unexpected events and mishaps that can occur before or on your wedding day. This could be illness, supplier failures, wedding dress/clothing damage, lost wedding rings, bereavements or anything that stops your day going ahead or ruins part of it.
It helps you safeguard your investment in your wedding, this might not sound very romantic, but it can be from a few thousand to a substantial amount. It also gives you peace of mind during what should be a joyous, memorable occasion.
Key aspects of wedding insurance
We wanted to give you an overview of insurance cover options, that is things to consider when selecting wedding insurance. Wedding insurance policies in the UK typically offer a range of coverage options, allowing you to tailor the policy to your specific needs.
· Cancellation or Postponement: This covers costs incurred if you need to cancel or postpone your wedding due to unforeseen circumstances like illness, extreme weather, or venue going bust.
· Supplier Failure: Protection against supplier failures, such as your venue or catering company going out of business or failing to deliver their services.
· Loss or Damage: Coverage for damage, loss, or theft of wedding attire, rings, gifts, and other items.
· Liability Insurance: Protection in case of accidents or injuries that occur during the wedding, such as a guest getting injured.
· Overseas Wedding: Coverage for destination weddings, including travel and accommodation expenses.
· Wedding Gifts: Coverage for theft or damage to wedding gifts.
· Wedding Attire: Coverage for damage or loss of wedding attire, including dresses, suits, and accessories.
Insurance Premiums and Costs
The cost of wedding insurance premiums varies depending on the level of coverage you choose and the overall cost of your wedding. Premiums can range from around £50 to several hundred pounds. The more comprehensive the coverage, the higher the premium.
Our fabulous partner for wedding insurance, Emerald Life, offers a range of packages to suit your needs.
Exclusions
Wedding insurance policies typically have exclusions and conditions. Common exclusions may include pre-existing medical conditions, extreme acts of terrorism, and situations where you knowingly take a risk (e.g., holding an outdoor wedding during the winter in Scotland!).
Coverage limits, when to buy wedding insurance and the claims process
Policies often have coverage limits for each type of coverage. Make sure you understand these limits and whether they adequately cover your wedding expenses. Give the company a call and chat through what you require.
We’d advise purchasing wedding insurance as soon as you start booking and paying deposits for wedding services. The coverage usually starts immediately, so the earlier you buy it, the better protected you are against unforeseen circumstances. Our insurance partner, Emerald Life Wedding Insurance, offers cover to deposits paid before the policy starts.
If the unheard of happens and you need to make a claim, you’ll typically need to provide documentation and evidence of the expenses incurred and the reasons for the claim. It’s essential to follow the insurer’s claims process carefully. Again, ask when purchasing what they require.
And finally…
Whatever the budget of your wedding, these policies can offer a peace of mind that removes anxiety about your big day. Here, at Events Made Fabulous, we believe that these small costs are vital to avoid heartbreak and upset should the worst happen.
The information we’ve provided here is just based on our general knowledge of this product. Please do your research and check any terms and conditions of your chosen insurance provider.
If you’d like to take advantage of our partnership with Emerald Life Wedding Insurance of up to 10% off, then register below and tell us all about your wedding. Your personalised code will be sent directly to you.