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Wedding Insurance
Wedding insurance is often referred to as 'special event' insurance.
It would be a good idea when comparing rates and coverage to search
under both terms.
Weddings can be so obscenely expensive and so many things could go
wrong that wedding insurance is a very good idea, not something that
should be overlooked by any wedding planner.
Anything could happen, ranging from hurricanes and sudden blizzards,
to earthquakes, fires, or other natural disasters that might prevent
anyone from attending a wedding, or may destroy the place where the
event is scheduled to take place. With wedding insurance, there are
some alternatives as to how the impending wedding may still take
place at a later time, without increasing the expense.
One of the engaged people could become seriously ill or even be in
an accident and may be quite suddenly, at the last minute, unable to
attend their own wedding. Wedding insurance would help mitigate the
disappointment.
Another possible catastrophe one would think would be readily
eligible for wedding insurance is 'change of heart'. However, not
all policies cover this possibility, so do clarify this with your
insurance agent. This situation could leave the wedding host stuck
for bakery, dress, floral, or band deposits, hall rental
reservation, caterer's cancellation fees and more.
The groom-to-be or even the bride-to-be, if in the military or even
in a military reserve unit, could be unexpectedly and suddenly
deployed. Military couples should definitely have wedding insurance,
as they won't have the option to be excused from duty due to their
impending marriage.
The wedding gown and rings, alone, can cost thousands and thousands
of dollars. The rings could be lost or stolen; and any number of
problems could arise with the dress, ranging from the horrific
disappearing bridal gown shop owner, to the alterations that are
done incorrectly or not at all. A fire or flood could completely
destroy the gown. This would be heart breaking in any case, but
without wedding insurance, the tragedy would be ten-fold.
One must also consider liability for one's guests when considering a
wedding insurance policy. This would include damage done by rowdy
guests at the reception, as well as any injuries to guests while
attending the event. Some policies even cover damage to the wedding
gifts. Most reception halls require proof of quite a lot of
insurance before they will even make the reservation.
The average wedding costs $22,000, but can cost far more, depending
on how lavish an affair is planned. Without wedding insurance, this
could double for any of the above reasons. No reason to have the
happiest day of your life turn into a nightmare that recovering may
take years to recover from financially.
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