In a previous post, we spoke about the need for insurance when planning a destination wedding. To start you on the road to finding insurance, we have done a bit
of research for you. Here are two companies in the US that offer specific insurance to cover lost monies due to inclement weather, vendors going bankrupt, no-show vendors, bride or groom illness or physical injury, and a death in the family.
Fireman’s Fund Private Event Insurance includes their Weddingsurance® product, which covers liability in the event that a party gets out of control, cancellation, weather, photography, gifts, attire, jewelry, and rental property damage. New features that have been recently added to the coverage are cancellation of the wedding due to one or both parties backing out, emotional counseling if the wedding must be rebooked due to a calamity, more destination wedding locations, and online purchasing.
The Travelers Companies, Inc, last year launched The Wedding Protector Plan which includes a wide group of reasons under which a claim can be made. In addition to the broad range of coverage, they also permit many locations outside the US where the couple will be covered should a problem arise. They also promote the fact that there is no deductible and the cost to insure is relatively inexpensive compared to the out-of-pocket expenses due to circumstances over which the couple has no control.
One final note on purchasing wedding insurance:
Like all other insurance policies, do not assume that you are covered for every contingency. Read the sales material thoroughly, understand what is being offered and ask questions if necessary. For example, some companies do not consider cancelling a wedding due to cold feet as a reason for making a claim. Also, not all locations abroad may be permitted.