We mentioned wedding insurance in our "Probably the Best Planning Timeline Ever" blog post, and with certain bridal Facebook groups thinking that an address is going to stop brides and grooms getting scammed, it's time to educate.
Not every wedding is going to be as expensive as Prince Charles & Diana's, so not everybody needs wedding insurance. If you are unable to cover the cost of something going wrong, then it is worth looking into wedding insurance.
Like weddings and wedding suppliers generally, wedding insurance can vary drastically in cost. Ranging from the top end £300+ to cover weddings costing £100,000 to £35 to cover weddings up to £10,000. So depending on the cover that you require, you can have complete peace of mind, that if something unthinkable was to happen, you will at least be financially covered.
Before we go any further, lets clear something up. Wedding insurance does not cover cheating, cold feet or finding out your partner is a weirdo. Insurance companies will refer to this as 'disinclination to get married' in the small print of your policy documents.
A Facebook group for brides in Scotland, recently were advising people to make sure they only pay by credit card, as this is the best insurance you can get. While the advice is well meant, it is also dangerous. No it is not and it doesn't come close to the same protection you can get from wedding insurance. Anything bought on a credit card between £100 and £30,000 is covered under Section 75 of the Consumer Credit Act. Even if you only pay a deposit on your credit card, and the rest by BACS, your credit card provider becomes liable for the full amount if something goes Pete Tong.
What it doesn't cover, is someone falling ill or personal liability and this is where wedding insurance comes to the rescue.
If something were to go wrong and you make a claim on your wedding insurance, this doesn't always end up in a cash pay out (no changing the wedding to the Registrars Office and blowing the insurance money on the honeymoon). Say for example there is a fire at your venue and your wedding has to be cancelled your insurance company may pay for your replacement wedding. This does vary depending on the insurer so make sure you check the small print.
If a supplier was to let you down, i.e. your florist, photographer or cake maker, then you will likely receive any deposits and any other costs that you have paid out. Make sure you have a written agreement to present to your insurance company. All reputable wedding vendors will have a contract, you will need this to claim any insurance.
We recommend buying your wedding insurance as early as you can, for the best possible protection. Most insurers wont cover for anything more than two years in advance, so if you are having a longer engagement, make sure you buy insurance as soon as it hits two years prior.
All reputable wedding vendors will have their own insurance. We have, and part of our cover is public liability insurance. This means that if we or any of our equipment causes damage or injury, then our insurance will cover it. This is especially important if you are planning something a little bit out there like helicopter arrival, releasing 100 doves or a fireworks display. Your insurance probably wont cover the extravagant part if something goes wrong, but using a reputable supplier they should be covered with their own insurance.
Although you have insurance, choosing trusted suppliers can lower the risk of having to ever use it. Check reviews, speak to other brides and grooms use Facebook groups. If something appears too good to be true, it usually is. If your venue is a well established hotel or part of a multi-million pound chain, your risk will be lower but there will still be a small risk regardless. If you want us to recommend other vendors, we have a huge contacts list of some of the best wedding suppliers in the country, all you need to do is ask.
Keep all your receipts and paperwork together. If a supplier can't give you a receipt or contract, alarm bells should be going off in your head. Once you do have all your paperwork, keep it together in a safe place as this is your evidence of payments to make any insurance claim.
Don't forget travel insurance for your honeymoon too.
Compare all insurance quotes and don't dive straight into the first quote you get. We've included a link to some companies and a comparison website. Whatever you do, research the company and read the small print.
Wedding Plan Insurance (9 different levels of cover)