It's your special day, so don't leave anything to chance. In addition to many wedding venues requiring event insurance, here are a list of reasons why wedding insurance just makes sense.
- 23% of wedding insurance claims are from property damage to the wedding, making it the most frequent wedding insurance claim. (WedSafe)
- 18% of wedding insurance claims are injury or accident claims caused by things like slick floors, fist fights and poorly lit corridors or stairs. (WedSafe)
- 30% of insurance claims are filed for vendor snafus (i.e. wrong flowers get delivered, a business closed their doors, flighty videographers, the caterer failed to show up.) (The Knot)
- Homeowners and renter’s insurance covers the bride and groom if wedding gifts are stolen from your home or car. (Consumer Reports)
- You can’t get insurance for a change of heart. Cold feet are uninsurable.
- There are insurance policies that cover damage to your wedding dress. (WedSafe)
- Some policies protect couples against severe weather, such as a hurricane, fire or tornado that cause the cancellation of a wedding.
- If a venue doesn’t have its own insurance, couples are frequently required to provide their own liability insurance (The Knot)
- For military couples, additional coverage is available in case an active duty bride or groom gets deployed. (The Knot)
- The average cost of a wedding in 2019 was $28,000. (The Knot)
- 2021 is expected to be the biggest wedding year ever – meaning vendors are busy and there are more chances of things going wrong. (The Knot)
- 90% of weddings in 2020 were affected by COVID-19. (The Knot)
- 56% of couples who altered their wedding plans in 2020 lost money. (Lending Tree)
- Ceremonies: 68% of couples held ceremonies outside in 2020 and 57% in 2019. Receptions: 43% of couples held receptions outside in 2019 and 59% in 2020. Outdoor weddings increase the possibility of inclement weather and other variables. (Wed Insights)
Your wedding day should be stress-free so you can focus on the joy of getting hitched.
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This content is for informational purposes only. Consult your actual insurance policy for details regarding terms, conditions, coverage, and exclusions.