It is an absolute MUST to take out a wedding insurance for
every couple before the big day. You may not need it at all, but if by worst
luck disaster strikes, a wedding insurance can really save your day. Here are
some things to know about it.
Why should I take it?
The reason is as good as why you take out a vehicle
insurance, health insurance or life insurance. There probably will not be a
need for cover, BUT, heaven forbid, if something catastrophic does happen on
your big day, then you’ll be at ease knowing you have financial support.
Weddings are one of the most expensive investments in Canada with average
weddings costing over $31,000 (Huffington
Post). Opt for a wedding insurance to guard your investment.
What does a wedding
insurance cover?
A wedding insurance covers small things like damage to your
dress, loss of wedding bands, issues with photographs, public liability claims,
wedding/honeymoon cancellation due to illness/extreme weather conditions, loss
of deposit, failure of suppliers and more.
Are wedding insurance
policies expensive?
Not at all. Policies are available within the range of $90
to $1000 depending on the package. The fee is quite affordable and small
compared to the investment in the wedding itself.
Does it cover
honeymoon too?
While it covers honeymoon cancellation due to extreme
weather conditions or illness, it does not take care of the honeymoon period.
You should opt for a travel insurance for your honeymoon.
When should I take
out a wedding insurance?
Opt in for a wedding insurance policy as soon as you set the
date. Things can begin to go wrong from the moment of preparation, so it is
better to have a savior to cover the loss as you work through to your big day.
Read the policy terms and coverage before you take out the
right one. Most policies have at least two year coverage and that gives you
ample time to plan the perfect wedding.
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