Wedding Insurance

posted 3 years ago in Money
Post # 3
941 posts
Busy bee
  • Wedding: April 2015

@ecrowe1218:  We purchased wedding insurance for our April 2015 wedding. With the early booking, we didn’t want to take a chance of a vendor going out of business in the meantime. We bought both the liability and the cancellation coverage. 

Post # 4
86 posts
Worker bee
  • Wedding: September 2012

No wedding insurance for us. Honestly, insurance by nature isn’t in your favour- that’s how they  make money. They assume the risk, but they also know odds are slim.

Maybe you could design a WB poll that asks : who needed to use/ would have needed to use wedding insurance? That would give you a sense of likelihood of you needing to get it. 🙂

also, think of what would happen if “disaster” struck, you would still be straggling to find alternatives…no insurance can cover that emotional stress. 

Wedding insurance seems like another way vendors try and suck money out from us brides trying to make our dream come true. 

Just my 2 cents 🙂

Post # 5
112 posts
Blushing bee
  • Wedding: April 2013

My dad has had some serious health issues and a close friends”s wedding recently fell apart due to issues outside of her controls, so spending a couple hindered dollars on wedding insurance was a no brainer for us. It was less than one half on one percent of our total budget.

Post # 6
3476 posts
Sugar bee
  • Wedding: May 2012

My ceremony location (my old college) required I purchase liability insurance.  It cost the same to insure for the whole weekend as the ceremony ($100-150?) so we did.  Also learned in the process that my parents were not covered by their homeowners policy any time they served alcohol, which they had not known (and thought otherwise).  So that was useful to know.

Note: This was not for the wedding being canceled.

Post # 7
681 posts
Busy bee
  • Wedding: August 2013

Our venue required us to purchase it for liability reasons damage etc. So we bought it.  But probably wouldn’t have if it wasn’t required. 

Post # 8
7 posts
  • Wedding: October 2013

I bought wedding insurance.

I try to remind myself whenever buying insurance (health, car, whatever) that the thing you are buying is risk. Or rather, the ability to shift the risk to someone else. Yeah there’s only a 1% chance that a hurricane hits my wedding venue on that day, but if it does will I be ok with losing the $30K I’ve spent on this wedding? Nope. I think I’m better off paying $300 to avoid that 1% probibility. I’m also pretty risk adverse so it depends on your preferences.

Be sure to read the coverage and exclusions on the policy before you buy. Insurance contracts aren’t really negotiable, but at least you will know what is and is not covered and can assess your likelihood of loss even if you do buy insurance because they don’t cover everything. I read reviews online for event insurance before buying and most of the criticisms were over things that were explicitly excluded in the contract.

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