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Top 10 Wedding Insurance Questions

1.  What is wedding insurance?

Wedding insurance are policies specifically designed to protect you from financial loss in the event your wedding must be cancelled or postponed due to circumstances beyond your control, or if one of the major elements of your wedding (e.g., photographs, wedding attire, and/or gifts) is lost or damaged.

2.  How much does wedding insurance cost?

A basic wedding policy that covers loss of photos, videos, attire, presents, rings, and deposits usually costs anywhere from $160 to $500, depending on the amount of coverage you want. 

3.  Should I buy wedding insurance?

In the end, this decision is up to you and your partner (and whoever else might be footing the bill).  With the average cost of a wedding running $26,000, that’s a lot of money at stake.  Wedding insurance can offer peace of mind for whoever is footing the bill. 

4.  What do wedding insurance policies cover?

The typical wedding policy covers:

• Weather - If your celebration has to be postponed because of severe or catastrophic weather, your policy should cover the cost of rescheduling.
• Illness or Injury - If essential people get sick or injured (bride, groom, parents, grandparents) and cause the wedding to be postponed, the expenses involved with that postponement are covered. 
• A Missing Officiant - If your minister, justice of the peace, rabbi or other celebrant should be a no-show, you’ll recoup some of your costs.
• Missing vendors - Similarly, if your caterer, florist, photographer, or other key vendor is missing in action, you’ll recover some costs and possibly the costs of rescheduling the whole thing.
• Your Location - If your ceremony and reception sites don’t already carry their own insurance, your wedding insurance policy can cover damage to the site, fire, electrical or mechanical problems, or going out of business that causes you to lose money or have to reschedule.

5.   What if I have already signed contracts and put down deposits for the wedding? Will those be covered?

Yes, deposits you have already made will be covered as long as there is no impending claim or existing claim situation that you have knowledge of when you purchase the policy.

6.  How much wedding insurance do I need?

You should choose a coverage level based on your total wedding budget – how much you will spend on your venue, your gown, wedding rings, caterers, flowers, photographers, and all the other deposits and purchases you will make for your wedding. This is the investment you would stand to lose in a worst-case scenario – if you were forced to reschedule your wedding at the last minute and lost all your non-refundable deposits.

7.  When should I buy wedding insurance?

You should purchase coverage as soon as you begin making deposits and purchases for this event. Coverage can be purchased as early as 2 years before your wedding day and as late as 24 hours before your event. Purchases already made can be covered provided you have receipts for them and you did not know of any impending or existing claim situations when you purchased insurance.

8.  I live in one State, but, my wedding will be in a different state. What state do I choose for a quote?

You should select the state in which you reside.*

9.  Many people are helping to pay for the wedding? Will their deposits be protected?

Yes, under the core coverage “Insured” means the Named Insured, each honoree and any other family member or acquaintance of an honoree who has paid for or contracted to pay for any item, service or location covered under the policy.

It is important to keep all receipts and contracts in the case you must file a claim.

10.  What isn’t covered?

The wedding costs will not be reimbursed if either the bride or groom have a change of heart. The policy only covers unforeseen events, not voluntary decisions such as calling the wedding off.

*Please note: Travelers Wedding Protector Plan® is currently not available to residents of Alaska, Hawaii, & Louisiana.