If you’ve spent a small fortune on your wedding, could you afford for things to go so wrong it has to be cancelled without having any insurance cover in place?
With the average spend on a wedding hitting £25,000 last year, according to wedding website hitched.co.uk, you might be taking a huge financial risk by not doing so.
What is and isn’t covered
What is and isn’t covered by a wedding insurance policy will vary by provider. Most allow for the following:
- Suppliers that let you down in a major way.
- The wedding venue goes bust before the big day.
- Cancellation/ rearrangement due to serious illness, accident or mortality.
- Items, such as rings and outfits, being lost, stolen or damaged.
- Photographers cancelling or not turning up.
- Personal liability and legal expenses; for example, cover if the bride and groom cause damage to a venue.
Most exclude the following (but some of these can be added for a little extra):
- The bride or groom (or both) not turning up.
- Financial difficulty of those paying for the wedding.
- If something considered ‘minor’ goes wrong; a wedding dress is ruined, for example.
- Bad weather.
- Marquee companies going bust, or the marquee structure failing.
- Public liability; for example, wedding guests are not covered if they cause damage to a venue.
What does cover cost? Would paying by credit card be enough?
Wedding insurance really isn’t that expensive, and even if your wedding doesn’t cost much it might be worth paying for it, as credit card cover is limited by comparison.
Expect to pay around £20 for a wedding valued at £3,000 and up to £300 for a wedding costing £100,000.
Here are a number of things to consider if you’re getting hitched and wondering if wedding insurance is a good idea:
If you’re having the big day abroad, you need to check a policy covers you outside the UK; many don’t, and you may have to pay a little more.
Also, not all countries are covered, with many policies excluding North America, for example.
2. Keep receipts and contracts
Make sure you retain all evidence of contracts and payments with suppliers and venues. You’ll need such evidence if you have to make a claim.
Be aware that firework displays, which are notorious for causing fires and injury, won’t be covered by wedding insurance in just about all cases.
4. Buy well in advance
Many weddings take a year or even longer to plan. Luckily, wedding cover can be taken out usually up to two years in advance and cover starts from the moment you pay for the policy.
5. Claiming and payment
Don’t always expect to receive the value of any claim in cash. As with home insurance, many insurers will offer to put things right by organising and paying for it themselves. This can include the whole wedding day itself!
We help our customers to compare products and find a policy that’s right for them. Customer care is at the heart of everything we do and we have a dedicated customer service team on hand by phone, email, twitter and instant chat. For more information, you can call our experts on 0330 0600 600 or visit www.policyexpert.co.uk/contact for more ways to reach us.
Published 20 July 2017