You probably didn’t even know that wedding insurance was a thing, let alone finding out that you might actually need it. So here’s a list of the top 10 questions about wedding insurance.
Wedding insurance is a type of insurance policy that provides financial protection for any potential losses, including pre-paid deposits and additional costs, should something go wrong in the lead-up to, and on, your wedding day.
You don’t need to have wedding insurance to get married. But you run the risk of having to spend more money than expected if something goes wrong. Let’s face it, a wedding has a lot of moving parts. With a heavy reliance on external suppliers, simply hoping that everything will go smoothly isn’t a smart strategy. Imagine if your wedding had to be cancelled due to a dangerous gas leak at the venue. Or what if the marquee got blown away in a storm? If you want peace of mind knowing that your hip pocket will be protected if any hiccups occur, purchasing wedding insurance is a sensible idea.
The coverage of a wedding insurance policy depends on the provider and the level of cover selected. But a basic wedding insurance policy should cover:
This is not an exhaustive list. And remember, the coverage of a basic wedding insurance policy will vary from one provider to another. Find out what our wedding insurance covers.
Again, this will vary from one provider to another and depends on the level of coverage. The higher the level of coverage, the more you can expect to pay.
When it comes to wedding insurance, the level of coverage depends on your individual needs and budget. In general, couples either select the level of cover based on their total wedding budget, or the amount of money they could potentially lose if the wedding had to be cancelled and rescheduled at short notice.
You should consider purchasing wedding insurance as soon as any deposit has been paid, or if a contract has been signed and you stand to lose money if you are forced to change your plans. Nevertheless, each provider will have their own stipulations as to how far in advance you can purchase your wedding insurance policy. Some providers will allow you to purchase up to two years before the big day, whilst others may require you to purchase it no less than 30 days before the day of your wedding.
Unfortunately, if the wedding is cancelled due to the bride or groom getting cold feet, you won’t be able to recoup your losses through wedding insurance. Normally, cancellations are only covered if they are caused by fortuitous events. Always be clear on what is covered, as well as the limitations and exclusions, by reading the policy thoroughly.
Sometimes. Many wedding insurance policies exclude the honeymoon, which means you will need to take out separate travel insurance for it. Others include it as part of cancellation or postponement i.e., if your wedding is cancelled or postponed due to one of the conditions that is covered, your non-recoverable honeymoon expenses would be also covered. If your wedding is cancelled or postponed for any other reason, honeymoon expenses are not covered. If it is important that your honeymoon is covered within your wedding insurance policy, then you will need to look for a policy that provides that level of cover.
In the unfortunate event that a wedding is cancelled, it will be covered only if the cancellation is due to the specified events defined within the policy e.g. adverse weather conditions. Cancellations caused by events outside of the policy will not be covered e.g. either party changing their mind and deciding they don’t want to get married after all.
Your policy should clearly stipulate the claims process. Some providers require you to lodge the claim online or via email. Others will require you to call a dedicated claims phone number, or download and complete a form. Find out how to make a claim with us.