simple question…wedding insurance, should we get it?

posted 3 years ago in Money
Post # 3
Member
272 posts
Helper bee
  • Wedding: June 2014

I have no idea what wedding insurance is (and I work in the financial/insurance industry!) but it sounds like a great idea!! If you have it available to you down there and it’s a reasonable cost, I would go for it! I’m assuming it covers cancellations, vendors going out of business, that kind of stuff? 

In Ontario we have to buy a PAL (party alcohol liability) policy for our wedding reception (bringing in booze ourselves) – but that’s part of our legal obligation for the liquor license. 

Post # 4
Member
8418 posts
Bumble Beekeeper
  • Wedding: April 2013

@AndysCraftsNmore:  I didn’t get any wedding insurance, but everything went well for me.  I’ve actually never known anyone that has gotten it, hopefully some other bees will be more knowledgable.

Post # 5
Member
3119 posts
Sugar bee
  • Wedding: August 2012

I got it and although I didn’t use it was really, really happy to have had it (especially at the end when things got a little hairy with my venue). I used Wedsafe and thought the price was reasonable. 

Post # 6
mswallabyBee
2070 posts
Buzzing bee
  • Wedding: November 2012 - Oak Tree Manor

We didn’t get it. We’re very risk-averse people and we would never think twice about buying car insurance, homeowner’s insurance, health insurance, etc., but I do think there are some types of insurance that are more likely to be a rip-off. Like with trip insurance, a lot of policies don’t cover cancellations for any circumstance – only if there’s a natural disaster or if someone gets deathly ill. I would assume wedding insurance would have a lot of strings attached as well – you would want to read all of the terms of the policy in depth, because it might not cover you if there’s any cancellation or if something falls through because of some particular circumstance. I don’t know anyone who’s purchased wedding insurance.

Our venue was BYOB, and since they didn’t have a liquor license they didn’t have event insurance in case someone were injured while drinking or something along those lines. But we hired bartenders, and they carry that type of insurance – so you may be covered for the alcohol liability through your bartending service (or your venue)…

Post # 7
Member
518 posts
Busy bee
  • Wedding: May 2014

You can get it to cover pretty much everything — natural disaster at results in your venue being destroyed, cancellation of the event, non-delivery of services by vendor (photographer doesn’t show up, etc.), etc etc.  We are not getting it, however I do think it is wise to look into host liquor liability insurance.  I don’t know how it works at all venues, but I think at most, even though they are serving the alcohol, you are still the host of the party, so should anything happen, the blame falls to you in a lawsuit.

The sister of a close friend of FI got married 6 or 7 years ago, and they had someone leave their reception and kill someone – drunk driving.  Horrible scenario, but it happens, and unfortunately you cannot control what poor decisions a guest may make.  I think it’s wise to have insurance to cover this type of scenario.

 

Post # 8
Member
477 posts
Helper bee
  • Wedding: July 2013

We bought wedding insurance.

Our wedding had too many variables as we were planning and the policy we purchased covered most of the potential issues.  It cost between 1% to 2% of our overall budget.  EDIT: We went with ProtectMyWedding.

Thankfully everything went right!  So I’m (sort of) sorry I cannot comment on the claims process.  🙂

Post # 9
Member
429 posts
Helper bee
  • Wedding: October 2014

I’m curious about this too! What does wedding insurance actually cover? 

Post # 10
Hostess
9892 posts
Buzzing Beekeeper
  • Wedding: May 2014

@happyheidi1984:  curious about this PAL – no one has mentioned it to me.  I know I need an SOP from the LCBO but no one has mentioned the PAL.

Post # 11
Member
272 posts
Helper bee
  • Wedding: June 2014

@MsGinkgo:  Special occasions permit is just being allowed to have the booze there – the PAL policy covers you if one of your guests does something stupid after drinking – like drive. It’s the liability portion. This keeps it seperate from your home insurance liability which is very important to do. This link is the only half decent explaination that I could find – I don’t know the insurance company in this quote, so this is not me recommending them! I would suggest calling your insurance company for pricing/details Smile

http://www.josslin.com/products/party-alcohol-liability

Post # 12
Member
299 posts
Helper bee
  • Wedding: June 2014

We got ours from WedSafe. $235 for up to $25,000 in coverage. Their website is super informative. Basically covers things like a vendor going out of business or running off with your deposit, natural disasters (the venue floods the day before, etc.), or if a key person can’t make it (MOB gets in a car accident the day before). Gets you money back that you’ve paid or gives you money if you need to reschedule or find a new vendor last minute. I’m not expecting to use it, but the peace of mind it gave me is so worth it.

Post # 13
Member
606 posts
Busy bee
  • Wedding: October 2014

@AndysCraftsNmore:  my venue requires it so i had to get it, BUT i will say i feel much better knowing i have it! it covers costs in the event of weather, accidents, etc. basically everything the PP have said 🙂

Post # 14
Member
204 posts
Helper bee
  • Wedding: August 2013

Depends, but when in doubt, YES! I went with Wedsafe and it was very reasonable. We had a tented reception at my grandmother’s home and we had self serve liquor. The insurance covered “host liquor liability” so if someone had a alcohol related injury or accident we would be covered. Also, as for the tent it stated right in the companies contract that even though they set up the tent if it were to fall, blow over, come crashing down in the middle of dinner, they are not responsible! Imagine that! Wedding insurance will cover damage to the property or injury to persons.

 

We actually had a guest trip and fall on a stair in the home and bust her knee wide open! She had to be taken by ambulance to the er! She was a dear friend and refused to make a claim against us, but if she had wanted to we would be covered.

 

Bottom line: It’s huge piece of mind at a small cost.

Post # 15
Member
1981 posts
Buzzing bee
  • Wedding: November 2014

We will probably get it- our venue recommended it. I was in a wedding last year that involved the ambulance coming twice. A guest fainted (she was fine but the venue for liability reasons were required to call ambulance. And someone in the bridal party cut their hand on a broken beer bottle while cleaning up and we couldn’t get it to stop bleeding. Better to be safe than sorry! 

Post # 16
Member
2562 posts
Sugar bee
  • Wedding: March 2014

Our venue has insurance, and all our vendors have insurance.
We didn’t get anything extra.

From what I understand, wedding insurance is either liability insurance if your venue doesn’t offer it (one place we looked at required us to get some, we looked into it and it was difficult to obtain for our situation) or insurance to protect you if a vendor falls through (though that it what your contracts are for)

It’s also not very expensive, though; and offers some peace of mind.

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