Tying the Knot: Wedding Insurance

It's June, which not only marks the start of summer, but also wedding season! For those of you with June anniversaries: happy anniversary! For those couples planning a June (or summer) wedding, this post is for you!

June weddings have been popular since the dawn of time -- well, at least since Early Roman times. Two thousand years ago, the Romans celebrated a festival in honor of the deity Juno, wife of Jupiter and goddess of marriage and childbirth, on June first. Fast forward to Victorian times, and the tradition is thought to have continued because there were flowers available for wedding décor -- and the scent of the flowers masked body odor (ha!). Nowadays, June is a popular month due to the nice weather and fact that many jobs are more flexible in summer months, so couples can get away on that romantic honeymoon!

But all of this wedding stuff is expensive. Very expensive. In fact, the average cost of a wedding is $25,000! That's a lot of money! And... what if you're planning an outside wedding, and a tornado rips through on your wedding day? What if someone in the family is injured the day of the wedding, and you have to postpone things? What if your at-home ceremony is ruined because someone leaves the grill on and causes a fire?

I know, I know -- these are all worst-case scenarios. But, life happens -- and as insurance agents, it's our job to hope for the best -- but plan for the worst! This is where wedding insurance comes into play.

Wedding insurance protects a couple's investment from circumstances beyond their control, and reimburses expenses incurred. Most insurance companies offer this type of policy, which, compared to the cost of a wedding, is cheap. A basic insurance policy that covers loss of photos, videos, attire, presents, rings and deposits usually costs anywhere between $150 and $500, depending on the amount of coverage. General liability insurance, which covers up to $1,000,000 for accidents, costs around $200.

Wedding insurance covers problems with the site, weather, vendors, key people, sickness and injury on wedding day. There is usually a specified maximum amount, which can be claimed under each section, and, like regular insurance, a deductible also applies. Talk to your agent about what you want covered, and find a policy that works for you!

One thing wedding insurance doesn't cover: cold feet. So if you have a runaway bride situation, you're out of luck (in more ways that one!)!

Source: theknot.com

Photo credits: theknot.com, Catherine, Reade Photography.