0
Win £1,000
    Win £1,000

    8 Must Knows When It Comes To Wedding Insurance

    Must Knows When It Comes To Wedding Insurance featured

    The cost of a wedding is awfully expensive. With such a large price tag, why would you risk it all by not purchasing wedding insurance? Often, wedding insurance is forgotten about by the bride and groom, however it is the safety net to give you confidence that you are covered if the worst were to happen. In this blog we explore 8 must knows when it comes to wedding insurance.

     

    1) The size of your wedding

    Surprisingly, insurance is not a necessity for every wedding. A low budget wedding may mean a small amount of cover is needed, or it may be none.

    When taking out insurance, it is the possibility of venue cancellation or supplier problems which are the main cause of need. Therefore, you should assess your choices and choose accordingly. If you have a budget of £3,000 or lower, you can purchase insurance from £19. If you have a budget of £100,000 of lower, prices are around £300.

     

    2) Policies do not cover for ‘Cold Feet’

    Every policy will be different in terms of what they do and do not cover. It is important to check what each provider is offering to find the package that is right for you and your husband-to-be. As a rule of thumb, insurance usually covers venue issues, supplier issues or key members of the wedding fall ill, however they will not pay out for any couple that get Cold Feet.

    Here are some examples of what they usually cover:

    • The venue closes or cancels on you.
    • A supplier decides not to go through with your order.
    • You cancel because key people cannot make it due to illness, accident, or death.
    • Lost, stolen, or damaged goods such as the ring, cake, dresses, gifts etc.
    • If photos and videos are not sent to you.

     

    Here are some examples of what they usually do not cover:

    • Cold feet.
    • Cancellation if a small part of the day goes wrong.
    • Cancellation due to financial difficulty (this does not include redundancy).
    • Pre-existing conditions that can cause cancellation.
    Cold feet

    3) Credit cards are great… but not a form of insurance replacement

    Did you know if you buy anything between £100-£30,000 on your credit card, you will be covered by Section 75 of the Consumer Credit Act? This means the card provider will be liable if anything goes wrong in relation to that purchase. However, do not rely on your credit card as it does not cover illness or personal liability. Always make sure to use both to double your protection.

     

    4) A successful claim does not always mean big bucks

    It is also important to realise, that a successful claim does not always mean a big pay out. You will not always get a refund; you may only receive an exchange or rescheduling depending on the aspect of the wedding going wrong. However, this will vary from insurance provider therefore always make sure you read the small print effectively. Remember: you will need to pay an excess if you decide to make a claim on the insurance. Therefore, consider this carefully as your refund amount may significantly be altered.

     

    5) You can buy insurance years in advance

    Insurance can be bought up to 2 years in advance of the wedding. Remember, the sooner you buy it the sooner you will be covered. We recommend buying it as soon as your planning starts to ensure there is no room for loss. It does not cost anything extra to book it early, therefore make use of this option. For those who are last minute, most insurances can be bought up to a week before the wedding date, with some even 24 hours before, regardless if you have already paid the deposits.

    6) Evidence is key when claiming

    If it does result in you needing to make a claim, it is essential that you have evidence to ensure you can prove the claim you are making is accurate. There is nothing worse than if you need to make a claim but cannot prove you are correct- leave 0 room for error, your wedding and budget is at risk.

     

    7) Wedding insurance does not cover honeymoon

    Make sure you purchase travel insurance as your wedding insurance will not cover you when you go abroad on your honeymoon. This is also true for those planning on honeymooning in the UK. As soon as you book your honeymoon, book your travel insurance so that you are covered if it is cancelled.

     

    8) Trusted suppliers are vital

    To reduce the risk of your suppliers ruining your day, make sure they are trustworthy before booking with them. The best way to know if someone is reliable is through personal recommendations, online reviews, and a trustworthy directory listing! Although insurance is a reliable safety net, the ideal situation is that you do not have to use it.

     

    If you need any assistance in creating the perfect wedding, why not check out our hand-picked supliers based in the Essex and London area?