If you are about to get wed, you will have loads of things on your mind. Wedding season is now well and truly upon us, which means that many young couples are gearing up to say those two fateful words – ‘I do.’ Of course, you want your special day to be perfect, but what if something goes wrong?
Planning a wedding is no easy feat, and you’ll likely have a million different details to oversee. One of the things you may not have considered is wedding insurance. Few people think about this ahead of their big day, but they should. There are many reasons you may need a policy to cover you, and so you ought to consider your many options.
Advantages to getting insurance
First, let’s tackle the difficult question of why people get wedding insurance in the first place. Well, these policies cover some of the main disasters that could strike during your big event. For example, if you, your partner or a close family member gets sick ahead of the wedding, you may make a claim. Most policies tend to cover this instance since it can ruin your day. If one of you loses your job before the event goes ahead, you may find that the policy also covers the cost of cancellation.
When you book an event like this one, you can expect to pay out thousands and thousands. The average wedding in the UK now costs £22,000. That is a whole load of money you could lose. Most venues and vendors will charge you if you cancel at the last minute. If an emergency should arise, you need to know that you can cover the cost of it. Of course, it is heartbreaking when you have to cancel your wedding, but there are times when it is your only option.
Disadvantages to getting insurance
One of the main disadvantages of getting insurance is the fact that it is an extra cost. As we have already mentioned, weddings can be super expensive. If you’re already paying out loads of money, the last thing you want to do is add another cost to your list. Wedding insurance will set you back around £50-£200 depending on which company you choose. That might not sound like a lot of money, but what about the premiums? On average, experts say that the cost of these premiums will be around £200. That means that you might not save a whole lot of money when it comes to making a claim.
You also have to be aware of the things that your policy just won’t cover. Many people expect that their insurance will cover almost every eventuality, but that is not the case. If you decide that you don’t want to marry your partner, for example, a policy will not pay out.
Yes, wedding insurance can be helpful, especially if you’re spending a lot on your event. Before you get a policy, though, you need to make sure that you shop around for the best deal. Check out what the insurance covers and how much the premiums are before you sign the deal. That way, you won’t lose out.