Is Wedding Insurance Worth It? Everything You Need to Know
We know wedding insurance isn’t the most romantic thing to think about when you’ve just got engaged and you’re caught up in the excitement of planning your big day. But trust us, this small upfront cost can be one of the most important investments you make during your wedding planning journey.
From financial failure of wedding services suppliers to venue issues or incidents on the day, wedding insurance provides essential financial protection that can save you a huge amount of unwanted stress and money! Read on to discover real-life situations where wedding insurance can be a lifesaver, how much it costs, and when you should take it out…
What is Wedding Insurance?
Wedding insurance is designed to protect you financially in case something unexpected happens in the lead-up to, or on, your wedding day. It typically covers things like cancellation due to serious illness, adverse weather, or financial failure of wedding services suppliers, personal liability and more, helping to ensure you don’t lose the money you’ve invested in your big day!
Think of it as peace of mind. You hope you won’t need it, but if something does go wrong, you’ll be so relieved to have it.
Just keep in mind not all Wedding Insurance will have the same cover, it’s important to research the different levels of cover you may need to decide which is right for you. Our affiliate Wedding Insurance partner Wedinsure is a great place to start your research.
Our affiliate Wedding Insurance partner, Wedinsure.
Real life situations where Wedding Insurance can save the day!
Wedding insurance might feel like just another thing to add to your to-do list, but it can truly be a lifesaver when things don’t go to plan. Here are some real examples of when it makes a difference:
Non-appearance on the day of the Photographer and you need to retake the pictures.
Your venue closes unexpectedly due to financial failure or suffers damage before the wedding due to fire, storms or floods. (Note: At The Walled Garden, we’re classed as a permanent structure, so you won’t need separate marquee insurance.)
A supplier goes out of business, and you lose your deposits.
Wedding dress is damaged, lost or stolen, insurance can cover repairs and replacement.
One of the wedding couple or a close relative falls ill, and the wedding has to be curtailed or postponed.
The groom or bride is rushed to hospital the night before (yes, this actually happened! A groom with appendicitis resulted in a £40k insurance claim being paid out!).
These aren’t just theoretical situations. In fact, according to our trusted insurance partner Wedinsure, the two most common reasons for wedding insurance claims are:
Cancellation due to serious illness, injury, or death of a wedding participant or close relative.
Financial failure of wedding service suppliers such as florists, caterers, DJs or venues going bust.
In fact, financial failure accounts for around 60% of all claims, showing just how important it is to protect yourself!
How much does Wedding Insurance cost?
Wedding insurance is generally very affordable, especially in comparison to the overall cost of a wedding. Policies can start from as little as £39, depending on the level of cover and the total budget of your wedding.
This one-time payment can cover thousands in lost deposits or rearrangement costs, making it one of the smartest and most cost-effective steps you can take.
When should you take out Wedding Insurance?
The best time to take out wedding insurance is as soon as you start booking or paying deposits for anything related to your wedding, whether that’s your venue, photographer, or your dress. Most policies cover you from the moment you purchase the insurance, so getting it early means you're protected right from the start of your planning journey. Although bear in mind that all policies will not cover things like financial failure if it occurs within a defined period of time after you purchase the policy, typically around 30 days.
Don’t wait until just before the big day, as it’s likely too late and you will not be able to purchase cover! If a supplier goes bust six months ahead and you haven’t taken out a policy, it’s too late to claim. The sooner you get it sorted, the better.
A little piece of mind
Planning a wedding takes time, energy, and a significant financial commitment. While no one wants to imagine anything going wrong, the reality is, life happens and it can. Wedding insurance gives you the peace of mind that if things do go wrong, you have a financial backup plan.
So while you're booking florists, photographers and cake tastings, add wedding insurance to your list! It's one of the easiest and cheapest things to tick off, and could be the best decision you make for your big day.
Pear Bear Photography.