Jasmine Birtles
Your money-making expert. Financial journalist, TV and radio personality.
Wedding insurance – protect your big day
Reading Time: 3 minutesAccording to Statista, Over 250,000 of us tie the knot every year – and many more are planning their impending nuptials. That’s a lot of money being saved for future weddings! At an average of £18,000 per celebration – a huge sum of money to splash around – make sure you protect your wedding funds properly. In comparison to the spiralling costs of the ceremony itself, insurance can be fairly cheap. Therefore it could be worth spending that little bit extra for peace of mind.
Why do you need it?
Insurance may not be the first thing that springs to mind when planning your wedding, 
but things can go wrong on your special day, so it’s sensible to get some protection. Here are the top five reasons why couples claim on wedding insurance from one of the leading wedding insurers Ecclesiastical:
- Damage to clothing including wedding dress and jewellery
- Cancellation of the wedding
- Problems with the venue
- Problems with suppliers e.g. caterers
- Loss of, or damage to, photographs
Wedding insurance ensures that if any mishaps or unforeseen circumstances occur (except for the bride or groom getting cold feet and running out on the day – God forbid!) you won’t have to lose money and see the whole wedding go down the drain.
How does it work?
As with most insurance policies, there are various levels of cover which increase in price depending on how much protection you want. All levels of cover tend to protect the same things i.e. cancellation and rearrangement fees, wedding attire, cake, gifts, photography/video, flowers and suppliers deposits.
It’s a good idea to sit down and work out exactly what you would like your insurance to cover, then shop around to see what suits your needs.
DON’T FORGET that for most claims, e.g. for damaged/stolen wedding gifts, flowers and photographs, you will have to pay an excess which means that you’ll have to pay a certain amount of money towards any claim. Also do check the policy thoroughly for any other exclusions.
What to watch out for…
Obviously the bigger and more expensive your wedding is, the higher the level of cover you will need. The pricier cover levels will pay out more money if something goes wrong – but it’s not worth buying an expensive policy that pays out more than you need. At the same time, you want the policy to pay out a reasonable amount, so it may be better to spend a little extra on a higher cover level. That way, if anything unfortunate happens the insurance policy will actually makes a difference when it comes to paying for any damage.
Discounts and offers:
Make sure you check regularly for discounts and special offers. Also, if you create your wedding list with them, they will provide you with cover for those gifts for three months (one month before the wedding and two months after).
Other options
As long as you can afford to pay it off, use your credit card to pay your suppliers and ask your guests to buy their gifts on credit card, too. This will mean that as long as you’ve spent over £100 you will be able to claim back money from the credit card company.
Get protection for your wedding with your home insurance. Direct Line automatically increase their home insurance contents for special occasions so that any items for the big day, like your wedding dress, jewellery and gifts before and after the wedding, are protected in your house.
Seems like a good idea as you’re already spending lots of money anyway.
Wedding Insurance provide financial protection for certain types of potential losses resulting from your Wedding e.g., postponement, theft of rings or presents, damage to dresses or wedding attire, and loss of deposits, during the period leading up to and including your wedding day
Let the debate start now!
You’ve got a great writing style, thanks for the post!
Really, any of the insurance companies we have mentioned should cover your dress. You may have to pay an extra premium as you are taking it abroad but you just need to tell the insurers and they will let you know what, if anything, you need to pay.
To Whom It May Concern:
I am currently looking into insuring a wedding dress.
The case is this: We will be travelling from the USA to Egypt, the wedding dress will be with us on the plane therefore we want to have the dress it self insured. Do you know who can provide insurance for such cases