(12/10/2019) | Categories:
| Wedding Planning |
insurance may seem like a waste of money if
a) you have detailed Plans B1, B2, and B3
b) you didn't need to use it.
But, while having a Plan B might seem like a
form a insurance, no Plan B covers situations where your
wedding can't go ahead on the day planned because of
extraordinary and catastrophic circumstances. Which
means a critical person (such as one of the marrying
couple) not being able to be present, or a state of
emergency, like a hurricane or huge flood or widespread
fires or an earthquake, not a bit a rain that forces you
Before we go any further, let's put it out there. The
Insurance industry relies on managing risk, and
excluding what it regards as unacceptable risk from
policies. So it focuses on unavoidable risk. And it will
make jolly sure that blame cannot be laid on you for
creating or contributing to the circumstances that have
prompted your claim. So, if you have to cancel your
wedding because one of you cannot physically attend your
own wedding because you've had an accident or have has
fallen extremely ill, that is likely to be covered. If
your venue, or one of your vendors jilts you, that's
likely to be covered. But if one of you jilts the other
(aka as breaking up), no insurance company will pay out.
So, why would you even think about wedding insurance?
Basically so you won't be held liable for any damage to
the venues, cause by you or your guests or other vendors
you have hired, or by your guests for something that
happens to them, such as slipping and falling. If you
are getting married at home, or in a private residence
owned by someone else, you need to check whether the
household policy will cover these eventualities. It may
What will your policy need to
It is becoming more and more common for
venues to require you to have wedding insurance, and
will usually specify what type of coverage, and how
much for. Without such insurance, your venue (or your
venue's insurer) will hold you liable for any damage
you or you guests do while on the property.
Cancellation or Postponement Coverage
This type of coverage allows you to cancel
or postpone your wedding without losing the money
you've already paid out, or may be liable for, if a
natural and unpredictable catastrophic event (which
may be referred to in your policy as a Force
Majeure or Act of God) has rendered your
carefully thought out Plan B useless, or if
Illness or accident prevents one of you, or one of
your immediate family from being able to be at your
wedding on the planned day.
Top Tip: Check the policy conditions
regarding pre-existing medical conditions.
If one of you is a serving member in the
Defence Force, a fire, police, or ambulance officer,
or a medical professional who is liable to have all
leave cancelled and be required to work during an
emergency, make sure that cancellation/postponement
Vendor Non-performance Coverage
And while Australia is a very stable country, check
whether you're covered for Civil Unrest.
This usually is excluded from travel insurance
policies. It usually means war but can mean protests
This covers the cost of payments to vendors
who fail to provide the services you have paid for. It
should cover vendors that go out of business, a
venue that cannot fulfil the contract with you because
it has been damaged or destroyed, and vendors that
just don't turn up, have an accident on the way to
your wedding, or who don't or can't provide the goods
you've paid for, such as flowers, cake, catering,
photography, videography, or a limo that breaks down
and you have to arrange an alternative.
While this type of coverage is often
included in Cancellation/Postponement Coverage, as
with all insurance policies, the devil is in the
detail. If it is not specified, it is most likely not
covered. If it is specifically excluded, it definitely
Top Tip: Check that the policy covers
you for deposits paid before you took out the policy
Reports of theft of gifts, especially money
in wishing wells, and other items, during a wedding,
are distressingly common. While your guests are
probably not likely to be the culprits, so many people
legitimately come and go from a wedding venue, even if
held in a private home, that walk in, walk out
opportunistic thieves are not uncommon. Check whether
your basic policy covers theft, and always check
carefully as to what is covered.
How much coverage do you need?
For cancellation/postponement, you need to cover your
expenses. For theft, the estimated value of things that
might be stolen, and for liability, however, $10 or $20
million is common. When required by your venue, they
will specify how much.
Top Tip: Make sure you don't under-insure
Covering your wedding vendors
By naming your wedding vendors as 'Additional insured",
you may be able to cover your them as well, so they can
collect fees directly rather than having to wait for you
to be paid out and then pay them.
Where to get Wedding Insurance
Your normal insurer may have wedding insurance policies,
but there are also companies that specialise. Like any
other insurance you will need to do your homework, read
the fine print, make sure everything you need covered is
covered, and buy the insurance well ahead of time.
Particularly for extreme weather events, if you wait
until the forecast starts warning you it is highly
unlikely that any insurance company will write you a
Top Tip: Buy your Wedding Insurance early. Most
companies allow you to insure up to 2 years ahead of
your big day.
Household Insurance as an
Alternative to Wedding Insurance
Your engagement ring etc may be covered by your
household insurance, but may not be. And if you're
having your wedding in a private home, you may be able
to have a special event rider added to the household
policy to cover your wedding. Whether or not this a good
idea, however, depends on whether adding the rider, or
making a claim related to your wedding, will increase
the cost of the policy in future years. Ask!
Having a ceremony overseas?
Travel insurance is a must. It will cover you for
medical emergencies, lost luggage, trip cancellations,
personal liability and so on, BUT it is highly unlikely
to be adequate for your destination wedding because it
won't necessarily cover loss of expensive jewellery or
your wedding dress or other wedding attire. And it
definitely won't cover wedding venue costs or
cancellations. Yes, many travel insurance policies do
allow you to increase your cover for things like lost
luggage, but with limits that might not cover
everything. Depreciation applies, and many insurers
won't cover jewellery at all.
Very few insurers offer policies to cover overseas
weddings, but they do exist. You'll have to hunt them
Having your wedding plans cancelled or turn into a
disaster can be very stressful. Some policies may cover
Absolute must do: Understand the policy and
what it includes and excludes. Read the fine print
before you buy. And keep all wedding related
receipts and copies of contracts, so you have the
evidence if you need to make a claim.