If you’re shopping for wedding insurance, chances are the big day is quickly approaching. So, congrats! Planning your wedding can be a very busy time and there’s a lot of stress.
You want your day to be perfect and you don’t want to worry about what could go wrong. What if the gown is damaged? What if the venue cancels at the last minute? But, before you shell out all your money for last-minute emergencies, here’s how wedding insurance can help. You want to plan the perfect day so you’re not overcharged.
Grandpa's dentures fall out at the reception. Your cousin splits his pants on the dance floor. Yup, these are all wedding mishaps you can laugh about. But, if your wedding reception venue suddenly closes, or the tuxedo rental company loses the tuxes, that's no laughing matter.
Wedding insurance is protection if something happens beyond your control. While you might think, “What’s the worst that could happen?” Actually, a lot can happen:
The average wedding in Canada might cost about $46,000. To avoid financial losses from unforeseen mishaps, start a wedding insurance policy. A basic policy might run anywhere from $200 to $500 but coverage can give you up to $1,000,000 for any accidents. Having a general liability insurance policy can protect you if someone gets hurt on the dance floor. Or, if the food isn’t prepared properly and someone gets sick.
Do you have to get wedding insurance? The answer is no. But, it’s added coverage at a low price that protects you. And, think about it. You wouldn’t travel out of Canada without travel insurance and, you wouldn’t book a cruise without insurance, right? Wedding insurance is the same thing.
The protection gives you added peace of mind and it will help if you have any problems with vendors and have to fight to get your deposit back. Wedding insurance is important. When you start shopping for your wedding, you’ll look for your wedding venue. You'll find the rehearsal hall and other areas where you will entertain your guests. You’ll also hire caterers, a florist and a wedding coordinator. These all require deposit money and some contracts have stipulations that your deposit won't be returned. Hence, the need for wedding insurance.
To help you protect your wedding, use the following tips:
Wedding insurance can safeguard your wedding day plans. While it's not required, it's added protection in the event something occurs beyond your control.
Shop for wedding insurance and compare plans before selecting your insurer. For help, if you have a last minute wedding disaster or didn't budget enough and need cash fast, consider a personal loan.
For wedding mishaps, you can reach out to your home insurance provider. And, avoid a wedding day disaster (but, if the best man makes a lousy toast just edit it out of your wedding day video!).