What is Wedding
Insurance:A wedding is a celebration of two people coming together for life! Wedding insurance is a basic insurance policy that covers your
wedding day investment. Fundamentally, wedding insurance is to help protect a
couple's investment from situations beyond their power and reimburses the money spent . Despite the
fact that you may not have any desire to consider it, tragedy can strike the
day of your wedding. From a motor accident to missing gown to an armed robbery attack, wedding
insurance can help secure you against the unforeseen, and thus grant you a
settled mind.
Do You Need Wedding
Insurance
Just before
you purchase wedding insurance, check with your each of your vendors to
perceive how well they're insured. Your reception venue or your caterer may
have their own insurance, so you wouldn't have to pay for what is already
insured. Approach your vendors for a copy of their insurance, examine it
thoroughly and after that decide the kind of insurance that will be necessary.
Why is a wedding
insurance required?
It is required because a mammoth amount of
money is spent on the wedding gifts, ceremonies, jewellery, trousseau and what
not. There is exactly no divine provision that renders a wedding immune to
natural calamities or unforeseen eventualities that affect the other domains of
life.
Indeed, a wedding is more prone to disappointment and delay
and considerable financial misfortunes than any other formal occasion. All the
contract leading up to the wedding day
are paid ahead of time and the sum is absolutely non-refundable. At the same time,
would you be able to thwart the postponement of wedding because of financial inadequacies due to sudden death of any close relative few
days to the wedding.
What Wedding Insurance Covers
A wedding insurance policy provides coverage against postponement or
cancellation of the wedding because of fire on the site or in transit, sick
condition of the bride or the groom or any other immediate family member who
has been hospitalized for not more than a week before the wedding. Incidents of burglary or theft of cash from the home of the to-be-weds or the temporary accommodation facility in case of outstation wedding are also covered.
How Much
The coverage amount should be based on the total budget of the event or
the total amount you could lose in the worst-case scenario. This should
include the cost of venue, caterer, photographer, videographer, florist,
etc.
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