With all of the juggling that goes along with wedding planning, the last thing that usually comes to mind is insurance. But believe it or not, it’s something you don’t want to ignore. There’s so much to worry about, you want to make sure you’re covered (and protected) for the big day and beyond. Here are some insurance options to consider.
Wedding insurance protects a couple when circumstances beyond their control wreak havoc on their big day. If bad weather closes down your venue, one of your vendors doesn’t show or your wedding gown is lost in transport, wedding insurance can cover those lost expenses. The cost is minimal: Between $155 and $550, depending on the amount of coverage you want. But before you go out and buy a policy, check with each of your vendors to see how much coverage they have so you don’t take out more insurance than you actually need.
It might be tempting to save a few bucks and not take out any travel insurance for your honeymoon, but spending those few extra dollars can save you big money in case your plans change due to weather, sickness or another type of emergency. The price of insurance really depends on the cost of the trip. For example, if your trip costs $5,000, travel insurance policies available will likely be between $250 – $500.
There are a few ways to insure your engagement ring and wedding bands. First, you can purchase it as an extension (or a “rider”) on your renters’ or homeowners’ policy, but this only covers you if your home is broken into and the items are stolen. You can also take out a personal articles policy, which covers expensive items in full if they are lost or stolen anywhere. Finally, you can insure your ring(s) through a company that specializes in jewelry insurance. The cost of the insurance depends on how much your ring(s) are appraised for, so that is the first step before calling your insurance agent.
[Photo: Sam Blake]