Post # 1
So my fiance and I have been engaged for a while. We finally decided to set a date when we were ready. We decided on a venue and then paid a $700 deposit. We are pretty low on funds and all together our package through the venue is relatively cheap. However, for a good personal reason we have decided we want to change our venue to somewhere closer to home that will save us even more money and will be more personal and intimate. The problem is we have already paid our $700 deposit that states in the contract that it is non-refundable.
I have wondered if we can purchase wedding insurance in order to get our deposit back. I no longer feel that having my wedding there is what I want for the most important day of our lives and I just don’t know what to do about it.
Does anyone have any suggestions??? I’m open to any and all!
Very Stressed Bride
Post # 3
I don’t think there is anything you can do. You can either have your wedding at the original venue or forfeit the deposit. If it says it in your contract, you might be able to reclaim your deposit if they are able to rebook the date. But that really depends on your contract.
Post # 4
@BlueBerry91: Unfortunately it may not be possible to get your deposit back. When you signed your contract, you agreed to hire the venue for your wedding and they agreed to let you have it there. The purpose of the contract is protect you (so the venue can’t just decide at the last minute to raise the price or cancel your wedding) as well as the venue (so they can be sure they will receive the $$$ from your wedding).
Wedding insurance usually covers when the wedding has to be cancelled due to circumstances beyond your control, so it wouldn’t help if you just changed your mind about where to have the wedding.
If the venue is very popular, you may be able to find another bride who will take over your date. In that case, she could pay all or part of the deposit to you and then sign her own contract with the venue. However, you will need to do the work of finding a bride and you’ll have to talk to the venue to see what their restrictions would be for this situation.
Post # 5
Wedding insurance clearly states it does not cover “change of mind.” In fact that was written in bold in my insurance policy. They cover you the couple if the vendor/venue backs out or does not complete their end of the contract.
Since you have over six months before your date I would suggest talking to your venue and seeing what options you have. Doesn’t hurt to ask…especially if they can rebook.
Post # 6
- Wedding: May 2013 - Pavilion overlooking golf course scenery, reception at banquet hall
Pretty sure that’s the definition of insurance fraud :/ I would sit down and re-budget everything in a T-chart comparing the venues to one another, taking the “lost”/”deposited” $700 into account both ways and see which still works out in your favor.
Post # 7
I don’t think you can purchase insurance of any kind and backdate it which is essentially what you’d be trying to do. Ask the venue if they can re-book it and if they can, if they’d be willing to refund your deposit. Otherwise I think you’re up the creek without a paddle…