I’ve often get presented the question, “Is Wedding Insurance Important?” I don’t hesitate when I give my answer; it’s crucial!

There are a few types of wedding policies. Web Safe gives a description below of the different types of wedding insurance available:

Wedding Cancellation Insurance: Provides coverage for financial losses or expenses due to forced postponement or cancellation of your wedding.

Wedding Liability Insurance: Provides coverage for financial loss that results from a wedding mishap or vendor incident.

Host Liquor Liability Insurance: This insurance will protect against injury or property damage that resulted from an intoxicated guest that was served alcohol at your wedding.

So why is wedding insurance so important?

Life happens. With wedding cancellation insurance, you can have the peace of mind that when “Murphy’s Law” strikes, your financial investment will be covered. Unpredictable events such as extreme weather, an accident, illness, military deployment, or a family member passing away, can force you to cancel or postpone your big day.

Take it a step further, with wedding liability insurance, you are protected from incidents such as property damage to the venue, or if someone gets injured during the wedding. So, if your Uncle Dale Cha-Cha-Slides into the venue’s antique mirror and both breaks the mirror and cuts his arm, which then will need stitches, you will be covered. (Sadly, I can picture my Uncle Dale doing this!)

Today the average wedding in the US costs over $30,000. That is a significant investment, and you should make sure that investment is covered. Thankfully, wedding insurance policies can be purchased for as low as $75. After spending tens of thousands of dollars on your wedding, $75 is a brilliant investment for such a significant benefit.

How much coverage do you need?

Most liability insurances cover $1,000,000 to $2,000,000 for accidents. A minimum of $1,000,000 is basic. MarkelInsurance.com is one option for insurance, they offer policies for as low as $75. Liability insurance at Markel can be purchased up to 1 day before the wedding. Wedding cancellation insurance can be purchased up to 14 days before the wedding, with policies starting as low $130.

How to get coverage?

Wedding Insurance is relatively easy to obtain. Online quotes are available through multiple companies. Below is a list of just a few of those companies available on the web.

I don’t have personal experience with each of these companies, so I did a little more research on which company is best for each situation. Reviews.com states that Web Safe is best for liability coverage, Markel has the best overall coverage, Web Sure offers the most customizable policies, and Travelers is best for destination weddings.

Only pay for your wedding once

I’ve seen a quote about wedding insurance that announces that “the biggest day of your life comes with a price tag, you should only have to pay once.” (Reviews.com) This is an understatement. I repeat, life happens. You’re investing into your wedding, and it’s essential to protect that investment. The truth is, it isn’t only smart to get wedding insurance, it will likely be required at your venue. Today, most event venues are requiring liability insurance.

I hope this article helps you because, to me, this is one of the most important and financially responsible things to consider when it comes to your wedding!