What to look for when buying wedding insurance


Posted in General on 21 March 2012

With the cost of weddings increasing and the current economic climate remaining difficult for companies, wedding insurance is becoming more important to couples getting married.

What is Wedding Insurance?

Wedding insurance is designed to financially protect couples getting married from specific eventualities before, during and after the wedding.

To understand what exactly is covered you should take the time to read the Dreamsaver policy wording.

The most important things that Dreamsaver wedding insurance policies cover include: cancellation and rearrangement due to any of the reasons listed in the policy wording, financial failure of your wedding suppliers and public liability of the Bride and Groom, which can be extended to cover the guests if desired.

Dreamsaver wedding insurance, like all other dedicated wedding insurance policies, does not provide cover if you or your fiancé get ‘cold feet’ and call the wedding off!

When should I take out wedding insurance?

You can take out Dreamsaver wedding insurance at any time. However, please be aware that certain elements of cover do not start until 14 days after the policy has been purchased, specifically cancellation due to adverse weather and the financial failure of wedding suppliers.

We would suggest that you take out wedding insurance when you start to pay deposits, especially for the venue as this is usually the largest proportion of costs for your wedding.

How much cover do I need?

Cover for wedding insurance is normally calculated on the total cost of the wedding i.e. if you had to cancel your wedding completely how much it would cost. We have a handy wedding cost calculator on the website to help you work this out.

If you are still not sure, buy the level of cover that you think is closest to the cost as we are more than happy to increase your level of cover, for the difference in cost, should you find you need to at a later date.

We would advise against under-insuring your wedding simply because if you had to cancel and make a claim you would only receive up to the limits of the level of cover that you have purchased, potentially leaving you out of pocket.

Similarly there is little to be gained from over-insuring as you will only get back the costs that you have incurred. The only reason this may be appropriate is if certain elements of your wedding such as your wedding attire or photographer fall into a higher level of cover.

What if I just want the public liability cover?

We have recently introduced a public liability only policy that provides cover in the event that you or one of your guests damages a third party or third party property.

Who can buy wedding insurance?

It doesn't have to be the Bride or Groom that buy Dreamsaver wedding insurance, anyone can on their behalf, however the policy must be in the Bride and Groom's name as it is their wedding that is being insured.

Anyone with a proven financial interest in the wedding can claim on the policy.

Are there any excesses on the policy?

There are no excesses on any part of the Dreamsaver wedding insurance policy, unlike the majority of our competitors.

Author: Adam


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