Getting Wedding Insurance

Surely some of you have never heard of wedding insurance. Although you may scoff at the idea of insuring your wedding, it has some serious perks. If you purchase a short-term wedding insurance plan, you may save yourself a lot of grief if something goes wrong. And let’s face it, something will undoubtedly go wrong.


Types of Wedding Insurance
There are two types of wedding insurance. 1- Wedding Cancellation Insurance and 2- Wedding Liability Insurance.
Wedding Cancellation Insurance covers your wedding if it has to be cancelled because of bad weather, the officiant doesn’t show up, etc. Your deposit, wedding attire, photographer, and more will be covered under this plan.
Wedding Liability Insurance covers your wedding in case of injury or property damage. This is the more common type of wedding insurance when venues ask for an insurance requirement.

When To Purchase The Insurance?
If you are interested in purchasing wedding insurance, you should do so as soon as you start shopping for dresses and venues. There are some companies that will not allow you to buy a policy until 24 months before the wedding. Others will allow you to purchase the insurance policy up to 15 days prior to the wedding date. Just like any other insurance policy, shop around until you find one that best fits your price and your needs. Similar to most insurance policies, you can even purchase a policy online.


What Do Policies Usually Cover?
Not all policies are the same. Read over the policy before signing it to make sure the items you need covered are included.

Here are the most common items:
• Weather
• Illness/Injury
• Missing Officiant
• Missing Vendors
• Location

Other riders:
• Military Service
• Gowns and Tuxedos
• Gifts
• Liability
• Honeymoon

Usually not covered:
• Cancellation due to cold feet
• Cancellation due to something you knew prior to taking out the policy


Destination Weddings
Wedding insurance is highly recommended to those having destination weddings. Although most people trust their travel’s insurance will cover the cost, you can’t completely rely on this especially when weddings are so costly. If you are unfamiliar with the country and the vendors, wedding insurance might help you breathe a little easier.

To Purchase or Not Purchase
Most couples will find it laughable to take out a wedding insurance. Often times, couples are under tight financial wedding budgets. They do not want to make the extra expense. Considering that weddings cost thousands of dollars, their money would otherwise not be recovered if something unthinkable happens. You might find that it is a great peace of mind to have a security blanket that you will not be out thousands of dollars should a tragedy occur.


Putting Together A Wedding Budget

Set a realistic wedding budget when you’re planning your wedding

Wedding budgets often times is the source of disagreement for many soon-to-be-married couple. There may be different ideas about what kinds of weddings they each would like to have and what is realistically affordable. To avoid a quarrel, the couple should discuss financial constraints early and make a firm decision to stick to the budget.

Save for It
Discuss your finances before you start planning and shopping. You and everyone with decision-making power needs to understand exactly how much money there is to spend on the wedding.
Start saving for your wedding early to maximize your wedding budget. If you plan in advance and save, you will then maintain and maybe even exceed your budget. That way, your wedding planning will be easier and more fun.

All Aboard
It’s a good idea to set aside your wedding budget once it has been established and review it again in a few days. Then give everyone a chance to verify that that they understand and agree to the established wedding budget. Although it may seem trivial, this is extremely important. Someone who is not in agreement with the budget may feel the urge to overspend and jeopardize the rest of the budget.

Budget Line Items
The next step is to divide the total into budget categories- venue, food, drink, bride’s dress, groom’s attire, limousine, photograph, favors, entertainment, centerpieces, flowers, gifts, etc. You should also set some money aside for unforeseen expenses.

Who Pays For What
Clarify who is paying for what. This will save you lots of headaches.

The Art of Negotiation
If you have only $300 for entertainment, look for DJs who are in that range. Once you have selected a good DJ, you will need to negotiate their services to fit your budget. Obviously, if you can get their services for less, that’s a huge plus.
With everything you do for your wedding, it is wise to shop around and make comparisons. People like to share their experiences and make recommendations. However, some recommendations may be out of your price range. It is ok to let your recommendation know why you are not going with them. They may surprise you and offer less. You never know.


Do It Yourself
Doing things on your own can keep your budget down. Try making homemade invitations or your own favors. You can also make your own centerpieces. All of these little DIY projects can free up money better used for other areas of your wedding.
Do not think of your budget as restrictive. Try thinking of it as what you can and can’t afford. Focus on how you can make your wedding truly yours, truly unique. This will inspire you to create a memorable wedding regardless of your budget.

Prepare for The Unforeseen
It’s a wedding. Something is bound to go awry. If you go over your wedding budget in one area, you might need to cut in another area. Stay aware of the ramifications of your actions. Roll with the punches and alter where you need to accommodate.

Make It Memorable
Planning a wedding can be an emotional strain. A couple might feel the pressures of managing a wedding budget. It is important to talk about finances and clarify budget concerns for their wedding. If you do this early in the wedding planning, it will help avoid conflicts and disagreements. This is your wedding. Remember to make it fun for everyone involved and especially for yourself. Start your marriage on a positive note. Learn to work together. In the end, that’s what a marriage is all about.

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