Everything You Need To Know About Wedding Insurance

Published by - The Wed Post | 7 minute read


Image by Brides Of Sabyasachi




What Is Wedding Insurance?



This is basically an insurance plan that covers the definite risks that a wedding celebration may face in unforeseen circumstances. There is a number of things that wedding insurance includes. It not only covers the damages caused due to unpredictable circumstances, but may also help you save a dime, if for any reason things don't go as planned.



What Does A Wedding Insurance Plan Cover?



Accidents, damage to wedding property, burglary, public liability, cancellation or postponement of the wedding due to sudden circumstances are some of the things covered by the insurance. 



What Does It Not Cover?



What the wedding insurance doesn't cover is cancellations due to the act of terrorism, civil unrest, damage of the property caused intentionally, self-injury, pollution, protests. 



How Much Does A Wedding Insurance Cost?



Like any other insurance plans, there is no fixed amount that one needs to pay for the insurance. The product is tailor-made as per the customer's requirements and spending limit. The size and location of the wedding, what’s being covered and the policy limits will affect the cost of your wedding insurance policy. Hence, there's no maximum or minimum limit to the sum insured. Typically, it could cost 1 per cent of the overall cost of the sum assured. You can get in touch with the companies and banks offering this service, have some conversations with their representatives about your wedding insurance and make an informed decision.



Which Are The Companies Offering Wedding Insurance In India?



In India, the market for wedding insurance is relatively new, but there are a few companies that offer this service to brides and grooms out there who would like to safe guard their wedding. Companies such as Bajaj Allianz, ICICI Lombard, Oriental Insurance, and National Insurance currently offer this service in India.



Should I Opt For A Wedding Insurance?



Opting for wedding insurance is a definitive way to put your mind at ease. Have a conversation with your partner, your planner, your family, etc. to let them know that you're thinking about it so they can help you make an informed decision. While there are a few vendors out there who offer these insurance plans, please note that it is not always extensive. Make sure to do your research, talk to different insurance companies, compare the rates and then, choose the best one that fits in your budget.


Apart from this, there are also a few other factors that you must consider. If you are planning to have a home wedding and have personal health insurance, personal accident cover and a household policy, then you may not actually need to take a wedding insurance cover. However, if it's taking place in a separate venue and a lot of expenses are involved, you may want to cover it against damages. Make sure to take all factors into consideration and make an informed decision.