Wedding Insurance????

rutgersgirl82

Has anyone thought of or done wedding insurance? Someone I work with told me they had it for their wedding, not sure how much it costs or who you even get them from? Curious if others have looked into it ~Rach

cvl105

I would imagine you would only want insurance if you think there's potential that you would cancel it or something. To me it seems silly to be getting engaged only to ensure your wedding in case you cancel it. Unless there's another reason to do so, I think it sounds ridiculous.

rutgersgirl82

Not for the FI going anywhere :-) He's a keeper!!! More for like if a vendor went out of business type of thing or took your deposit and ran away with it, or if the reception hall burns down, that stuff I didn't know if it was a worthwhile type of thing that people did for that type of reason... I was more curious than anything else

cvl105

ah ok...That makes more sense. lolI guess before I would get wedding insurance, I would just ensure that I am booking reputable vendors and vendors who were recommended by others.

melissa82

Chelsea, I don't really think that's the purpose (in fact, I don't think "cold feet" cancellations are covered). It's more for protecting your investment if vendors flake, or something like severe weather or illness prevent vendors from coming or the wedding from happening.

rutgersgirl82

That's what I meant :-) It was just a random idea that someone had mentioned to me at work (he's quite the planner).... But I wasn't sure if it was something really worthwhile to look into.... Obviously no one plans for a reception hall to burn down type of thing

jamilynn9

I understand the reason for thinking of it, but IMO it's a waste if you do your research.  My sister had her photographer go bankrupt after her wedding.  There was nothing she could do about it and insurance wouldn't have helped.  Just saying, things happen no matter how prepared you try to be.  Plus, I would rather spend the money on another aspect of the wedding. On the other hand, if insurance is reasonable and will give you peace of mind, go for it.

I <3 Seabass

I looked at it briefly. Insurance doesn't cover things like cold feet or change of heart. It's more for if your vendor goes bankrupt, there's a natural disaster or you or your FI got sick. From my brief research it did not seem like it was worth the money. Vendors in NJ cost way too much, and drove the price of insurance way up. And the cost of the insurance was pretty much the cost of the deposit that you would lose if something were to happen and you couldn't get it back. But you should definitely look into it for yourself and see if it's worth it for you.

CM1206

I actually got it. We were mid December and the previous year on our date we had a massive snow storm. It was only $150 from wedsafe.com and it covered a lot. I figured if I'm already spending thousands of dollars, what's another hundred or so. We were just really worried about the weather.

cvl105

Cindy, that's a great point. If it covers weather or soemthing and you're having a winter wedding, that makes perfect sense.

ballandchain10

You can actually get wedding insurance on top of your existing homeowner's policy.  I am having my broker look into that now to give me a quote.I would also check out wedsafe.comIt's to protect against vendors/venues who go bankrupt or if something happens to the vendors/venues. I've tried to book with vendors who looked like they were doing alright...if they were too small, I would not book them with the way the economy was earlier this year.

caketime

We got in case of a vendor, rain, or someone got sick.  Went as an offshoot of the homeowners so for $200 it gave us great piece of mind.

cvl105

I don't get the rain part?  If it rains, what would the insurance cover? Not being snarky, I'm really curious.

caketime

More so for hurricanes/flooding/roof breaks or major leaks type of thing.  We had a friend that happened to, with the roof, which is why we wanted to be on the safer side.  What her place was going to give her was beyond subpar so this would have helped to cover the costs of it.