Stuff happens. Here is a recent story illustrating the importance of wedding insurance:
“Recently, I planned a large party in a park. “That park never floods,” we were told. “The river runs low that month. It would take a rain of biblical proportions.” Well, in Sioux Falls, we have had rains of biblical proportions, and the park did flood, 12 hours after set-up was to have begun.
My sister-in-law was told 3 weeks before her wedding that the country club hosting the reception was bankrupt and closing their doors. Her contract stipulated no deposit refund. Her date was popular. There was nowhere in all of Orlando, Florida that could fit her in at a price she could afford. (Because of the late booking, some places with open space increased their per-plate fee as much as 200%. A $25 plate booked 12 months in advance became $75 when booked the week before. At 400 guests, the charges went from $10,000 to $30,000.) Panic set in. Luckily, days before the wedding, someone bought the club and re-opened it just in time for her reception.”
Wedding cancellation/postponement insurance protects against both of these (near) disasters and so much more. Purchasing insurance is not a sign that you have cold feet. Instead it could be a sensible investment to protect the details you have planned since childhood. The insurance will cover some or all of the fees if vendors cancel or weather hits, depending on the coverage you choose.
Wedding liability insurance might be a wise investment, if your wedding party tends to be a little wild. From broken tables and damaged the carpet to smashed DJ the equipment, you will
pay if your guests caused the damage. Rather you have insurance or not, read your contracts carefully and walk through the event before it is decorated. Make a note (and camera phone pictures) of any damage. Liability insurance will pay for any damage caused by your wedding reception.
Insurance could be expensive, but so is your wedding. There is a balance between the cost and the return that is different for each bride. It costs you nothing to price out insurance policies. Contact your favorite insurance agent and do independent research. Together, with your fiancé and your parents (if they are paying) you can decide if there is a policy that is right for your wedding.