When thinking of your wedding day, perhaps the most important day of your life, all you can see is wedding gowns, flower arrangements, and the smiling faces of your loved ones, sharing your joy and dream for living happily ever after. When planning for the ceremony and the reception, all you strive for is giving your guests, your spouse-to-be, and yourself, the flavour of the sweetest wedding cake in the world, hopefully, the taste of the rest of your life. But what if something were to go wrong?

Do I need wedding insurance?

Along with the booming of the wedding industry in the 1960’s and seventies, a new insurance investment product emerged and peaked in the Western World countries. Wedding insurance provides you financial cover, should your marriage ceremony and /or reception doesn’t go as scheduled.

With the average wedding now costing between £18,000-£21,000, which is what many people make in a year, going without wedding insurance doesn’t seem to be a good idea. While there is no assurance that everything will run smoothly, you will at least have the peace of mind that any unforeseen events will be covered financially, which goes a long way to easing those all too typical pre-wedding anxieties. You won’t be compensated if your other half happens to have second thoughts about the whole thing, but it will undoubtedly reassure you that an already expensive day will not become even more so.

What is the price of a good wedding insurance policy?

Probably not as much as you think. Heavy competition in a weary economic climate has brought premiums to more reasonable and quite affordable levels, ranging from around £60 to £300 for a fully comprehensive wedding insurance policy. Wedding insurance means that no matter what happens on your big day, for instance, should the weather take a turn for the worse, you can ensure your peace of mind for a fraction of what your wedding cake will cost you.

You and your guests will be able to enjoy the wedding cake, and the fizzing champagne, and the clinking of the crystal glasses. They will be able to experience the divine smell of the flowers, the sound of the music, the colours of the dresses, and the brightness of the wedding rings and so much more. On the other hand, an insurance policy has no shine or smell or taste or colour, apart from the colour of money you will pay for it. But, honestly, the assurance that you are covered financially no matter what, is worth every penny you invest. In fact, this is the type of investment you are happy with when you have no return; as it means that all was to your satisfaction.

How do I find the right insurance policy for my wedding?

It is difficult to say where you should begin looking for wedding insurance, but searching online is a good start, and certainly preferable to word of mouth. The UK has quite a few big name providers, who offer a wedding policy included in the wedding package for your special day, which often is a pretty good deal. John Lewis is an interesting option in case you decide to go this way.

What should I pay attention to?

Read wedding insurance policies with care and check your policy wording thoroughly to be aware of what is and what isn’t covered.
It is always recommended that you make sure your insurance is suitable for your wedding arrangements. Don’t spend more or less than you have to. Calculate your premium as a percentage of your wedding budget (around 1% is just about right). Don’t be miserly and compromise for a cheap deal to save a few pounds.

What will I be covered for?

It goes without saying that policies vary. However you should typically be covered for:
• Cancellation or rearrangement of the wedding or reception due to accident, illness mourning or death within the main wedding party
• Cancellation or rearrangement due to supplier failure (including bankruptcy)
• Damage to the wedding attire – bride’s dress, tuxedos, bridesmaids, as well as groomsmen
• Legal expenses, Public and Personal liability
• Loss of wedding rings
• Failure to receive and/or damage to the flowers and cake
• Problems with wedding vehicles
• Retake of wedding video and photos

In general, most policies do exclude cover for the following:

• In case either partner in the couple change their mind (getting cold feet)
• Sickness or death caused by a pre-existing medical condition
• You can’t afford to go ahead with the payment of the premium
• Damage to wedding attire due to cleaning
• Damage from excessive use of alcohol or flammable materials (such as fireworks)
• Theft
• Pregnancy

Do I really need wedding insurance though?

There are a whole multitude of things that can go wrong and are outside of your control on, and leading up to, your wedding day. Wedding insurance can be a great option and provide peace of mind during what can be a complicated and stressful day.