Are you tying the knot soon? Despite the fact that most couples plan their wedding with every detail in mind, insurance is often overlooked. However, if the event is canceled or delayed due to unforeseen issues, you run the risk of losing any deposits you’ve made. Wedding insurance is an inexpensive way to protect your investment. Below is everything you need to know about it.
What Is Wedding Insurance?
Outside of purchasing a home, weddings are often the largest investment a couple will make over their lifetime. While everybody hopes their big day will go off without any snags, unforeseen circumstances can create expensive losses or additions. Wedding insurance protects the couple’s investment by reimbursing them for any lost money that was paid out to vendors.
What Does It Cover?
If you must cancel or postpone your wedding, insurance will cover up to the entire cost of the event. Or, if a portion of the day gets muddled, claims can be made for individual items. For instance, you’re covered if you have to make a last-minute hotel booking because the other room fell through or part of a wedding outfit was damaged. Liability coverage is also provided in case any guests are injured during the event.
When Should You Purchase Wedding Insurance?
Think about getting insurance coverage as you start to pay deposits to vendors. But first, check with your trusted insurance agent, as many policies have time limitations with regard to this type of coverage.
If you recently got engaged and you’re in the early stages of planning your wedding, consult with Mountcastle Insurance about how you can protect your investment. The team has provided quality insurance products to the community of Winston-Salem, NC, since 2003. Call them today at (336) 777-8500 or visit their website for more information.