Chicago Wedding & Party Resource 2017 Spring / Summer

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What ’s the Deal

with Wedding Insurance?

A bridal expert offers her take on your biggest wedding-related queries

By Renee Lee, CTW Features

We’ve spent a big chunk of our

savings on a beautiful backyard

wedding this summer, but I’m

worried that it will get rained out and we’ll

just lose all that money. Should we get

wedding insurance just to be safe?

The average wedding costs over

$30,000 according to a recent

survey – that’s a lot of money

down the drain if something goes wrong.

So it’s reasonable to consider insuring it

just like any other big purchase you make.

Every policy is different, but most basic

wedding insurance plans cover costs

(including deposits) due to no-show or

bankrupt vendors, damage to wedding

attire and lost or stolen wedding gifts.

Plans also often cover costs to reschedule

a wedding due to severe weather or illness,

usually limited to the bride and groom and

bridal party.

Liability insurance may be an option as

well, which protects you in the case of

property damage or personal injuries to

third parties. So if Uncle Joe has a little

too much to drink, crashes into a wall and

gets hurt, you’re covered. If being sued is

your only concern though, just check with

your venue as some already have liability

insurance.

Here are the most common claims

according to a Travelers Insurance report:

• 44 percent of claims were due to vendors

who didn’t show up or deliver as

promised

• 28 percent for damage caused to the

venue

• 8 percent for sickness or injury to key

members of the wedding.

There are a lot of factors to consider

when deciding to buy insurance –

like your budget, location and

personal preferences.

If you’re the type of person that

always buys insurance, do your

homework, look into plans and

add a few hundred dollars to

the budget – it’ll be worth

your peace of mind. If you’re

confident in the wedding

vendors you’ve chosen and

don’t expect any hiccups with

weather, then you can likely

forego the cost.