Wedding insurance is something that most couples overlook. After all, when planning the biggest day of your lives you don’t want to think about the worst. Wedding insurance should be your first purchase when planning a wedding as you never know what the future holds. It is there to cover the unexpected, such as a vendor going out of business or illness. It helps to put your mind at ease about your big day. We have put together 10 top tips to help you get value for money from your wedding insurance. Wedding insurance isn’t mandatory, but it covers you if your wedding needs to be cancelled, rearranged or if a vendor lets you down.
Buy at the right time
Most wedding insurance providers will allow you to purchase your policy up to two years before the big day. You can buy your wedding insurance as late as the day before the wedding, as long as you have no knowledge of something that might cause you to make a claim.
There are plenty of wedding insurance providers, so be sure to shop around to get the best price for your level of cover. There are wedding insurance comparison websites that will show you a variety of wedding insurance policies to suit your needs.
Using a cashback website such as Quidco, Topcashback or Fat Cheese can see you earning a small percentage of your wedding insurance back as cashback. This is completely free of charge and signing up to a cashback website takes a few moments. Don’t forget to use them for other wedding purchases you make – you can use the cashback you earn as an extra treat on your honeymoon.
Be careful not to undercover
The level of wedding insurance you require is based on the total cost of your wedding. To ensure that you are fully covered, don’t get an insurance policy that falls below your wedding cost. Being undercovered means you won’t be fully covered for every eventuality.
Similar to undercovering, make sure you don’t spend more money by opting for an insurance policy that covers significantly more than your wedding will cost. This will cost you more money and won’t be of any use.
Check the excess
Most wedding insurance policies come with a small excess to pay in the event of a claim. This is usually around £25, so bear that in mind when you are comparing policies and their prices. Some policies have no excess, but they may cost significantly more than the policies with a low excess.
Free gift card
In order to appeal to more couples, some wedding insurance providers will include a free gift card when you purchase your insurance through them. Debenhams, for example, offer a free £10 gift card to spend when you purchase your wedding insurance with them. The gift card can be used for a special treat, or to help out with your wedding costs – including makeup, bridal shoes and more.
Check what is covered
When choosing a policy, make sure that it fits your needs. As a standard, your wedding insurance policy should cover:
- Losing the wedding rings
- Retaking photographs
- Retaking video
- Damage to the flowers or cake
- Non-receipt of the flowers or cake
- Wedding cars
- Essential documents
- Damage to the wedding attire including the wedding dress, bridesmaids’ or groomsmen’s clothing.
- Cancelling or rearranging the wedding due to supplier failure or due to illness, accident or bereavement within the wedding party.
Check that the policy you are considering purchasing covers all of this as a standard.
Know what isn’t covered
Each policy will vary, but as a general rule there are some things that won’t be covered by the wedding insurance policy. They include either the bride or groom getting cold feet, theft, any damage to the wedding clothing and if you need to cancel or postpone the wedding because you can’t afford to go ahead with the wedding.
Get additional cover
You can choose to get additional cover on your wedding insurance policy. Although this will cost a little bit extra, you can upgrade to cover public liability (if someone gets hurt at your wedding and chooses to make a legal case against you, adding this to your insurance will assist with those costs), marquee cover and even cover for ceremonial swords.
We all like to think that our wedding day will go off without a hitch, but wedding insurance is that security measure that gives you peace of mind. It reassures you that you won’t lose out financially should something go wrong.