Getting married soon?
You’ve thought of your venue, flowers, the dress, music, food and what the bridesmaids and groomsmen will wear. But have you thought about wedding insurance?
According to the Wedding Report, the average cost of a U.S. wedding is $25,631. What happens if your bridal consultant files for bankruptcy, your wedding venue burns down, your wedding ring is lost and your wedding photographer doesn’t show up?
“Soon-to-be-newlyweds have a significant amount of money on the line, and a vendor’s ‘Going out of Business’ sign can be far worse than rain on their wedding day,” the Better Business Bureau said in a consumer advisory. “Wedding insurance can provide peace of mind.”
The BBB advises couples to keep these things in mind:
- Shop for wedding insurance before paying any deposits to ensure that all wedding-related expenses are covered.
- Compare policies side-by-side, paying close attention to the fine print.
- Make sure the insurance company you select is licensed in the state where the ceremony will take place.
- Check whether some things might be covered by existing insurance policies, such as homeowners, renters, auto, liability, or even through your credit card company if you charge a product or service.
- Keep meticulous records and all receipts to justify reimbursements.
Wedding insurance policies start at about $160. Coverage for a typical wedding would range from $300 to $400.
To learn more about wedding insurance contact E. R. Munro and Company at 877-376-8676 or E-mail us at [email protected].
