Introduction
Planning a wedding is expensive and time consuming because it is a special occasion for couples. Even though you plan a strict budget and rightfully adhere to it, there are always additional costs. Moreover, in case of emergencies, if the wedding has to be cancelled or postponed, the entire money spent on arranging this event is vain. Such instances have given rise to the most recent concept of insurance wedding coverage. Nowadays, everything is being insured from your health and life to homes, possessions, properties and even marriages.
History
Wedding insurance policies have been specifically designed for couples belonging to the middle class to help them meet unexpected costs associated with their weddings. For instance, if you have to arrange last-minute rentals or your jewelry gets lost, these unexpected expenditures shall be covered up.
In case you’re planning to take up a nuptial coverage plan, you can choose it according to your requirements. For example, if you want a lavish marriage ceremony, you can choose a policy that asks you to pay high premiums. Moreover, some policies let you cover the expenses related to certain professionals like photographers, drivers, DJs, caterers or cake bakers. Thus, with the help of suitable insurance wedding plans, you can save money on the fees of these services.
The monthly premiums of bridal insurances range from $200 to $1,000 or more. Users can comfortably choose a range that suits their budgets. If you’re planning this event at an outdoor location and you wish to cover up injuries, thefts or accidents, you can take advantage of wedding liability clauses. They handle emergencies and negative elements.
Should your marriage location gets destroyed or closed (if it’s the case of an outdoor wedding) or unforeseen situations occur (for instance, either bride or the groom is in an accident) and both the parties decide to cancel or postpone the ceremony, most costs shall be compensated to the users, provided their reason is genuine and was previously included in the contract prior to or while signing it.
Features
Under no circumstance will an insurance wedding policy offer you compensation if you mutually decide to terminate this marriage due to disputes. This fact has to be considered by the couple.
The terms and conditions of policies vary from one company to another. Certain money lenders also insure jewelry and outfits if they’re expensive items. Wedding rings are always covered by the plans however engagement rings are not. The best part is that the process for filing claims and submitting paperwork is quick and easy. You won’t have to wait for several months or years. In case of cancellation or a postponed wedding, the money will be reimbursed to you within short period of time.
Lastly, you can choose the duration of your plan as per your personal preference. This largely depends upon your decision as to when you’re planning to get married.
Tips and comments
Since there are so many advantages associated with insurance wedding policies, couples may find tht it comes in handy.
