It’s everyone’s worst nightmare. The wedding or huge event
that you’ve been planning for months is almost here and one of these disastrous
scenarios strikes:
- The venue goes out of business for no obvious
reason and you have to find another location
- A key member of the day (event emcee or keynote
speaker, bridesmaid, usher, or bride’s escort) gets sick or injured and cannot
participate so you must postpone the event
- An important piece of equipment gets lost or
stolen.
Unthinkable events can happen that are completely out of our
control, but wedding and special event insurance can help you recover some of
your losses, not to mention your peace of mind. The average one-day insurance policy for a wedding or
special event usually costs between $155 and $550, depending on how much
coverage you want. Policies include
liability protection to cover any property damage or bodily injuries to
attendees. They can also be customized to add extra coverage. For example, a
wedding policy might include protection in the event of a cancellation (i.e.,
the venue unexpectedly closes its doors or one of your vendors backs out),
postponement, and the loss of or damage to rings, photos, gifts, attire, or the
cake/food. (This means those “nonrefundable” deposits are covered.)
You may not want to add another expense to your
already-extensive event budget, but even if you try to plan for every possible pitfall,
something could happen that is beyond your control. Rather than haggle with
vendors or lose sleep over trying to find another venue that’s large enough to
fit your guest list, you can rest a little easier knowing you can still have a
wonderful event even after a major mishap.
Did you ever purchase
wedding or special event insurance? Do you have any event horror stories where
this coverage would’ve been helpful? Let us know in the comments below!
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