What Canadian Couples Should Know About Wedding Insurance

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What Canadian Couples Should Know About Wedding Insurance

The day that you exchange vows with your partner is one of the most important days of your life. First, there’s the fact that you’re committing to a union with the love of your life. You’re also investing significant time and treasure into this special day. Canadians, like those in many countries, purchase insurance to protect against losses and uncertainties, such as auto coverage for a homeowners’ policy. There are many things beyond your control leading up to and on the day of your union. You and your partner should strongly consider wedding insurance to cover unexpected losses.

What Does Wedding Insurance Cover?

No two marriage ceremonies are the same, and similarly, policies vary also from insurer to insurer. Wedding insurance generally offers the following coverage’s:

Liabilities:

  • Event liability: This covers injuries or property damage experienced by third parties (usually guests) for which you may be liable, including the ceremony, reception, and rehearsal dinner.
  • Host liquor liability: This provides protection for liquor-related damages, especially if serving alcohol at your home or in a venue that doesn’t have this coverage.
  • Venue or additional coverage: Some venues may require a couple to provide liability protection, in which case you could add the venue to the insurance coverage.

Cancellations

  • Loss of deposits: Vendors often require couples to pay non-refundable deposits to secure a booking. Your insurance can recover lost deposit money should a vendor go out of business and be unable to provide goods or services.
  • Event cancellation or postponement: This reimburses you for any nonrefundable deposits or unpaid installments due to cancellation or postponement.
  • Honeymoon cancellation: For destination ceremonies, this covers you for the loss of certain travel-related costs due to the cancellation of the wedding itself.
  • Photos and videos: This addresses additional expenses necessary for retaking photos and videos that cannot be recreated for any reason, including a no-show by a photographer or videographer.

Miscellaneous

  • Wedding attire: This coverage provides for losses and damages to clothes once in your care and custody. This is strongly recommended for expensive bridal gowns or valuable heirlooms.
  • Gifts and presents: This insures any physical damage to or loss of presents at a reception, home, or in transit. Many couples depend on these gifts for starting their life together, and the cost to replace these can be significant.
  • Rings and wedding bands: This addresses the loss and damage of rings or wedding bands.
  • Cakes, flowers, and other items: Your insurance policy can specifically address damages to cakes, floral arrangements, and other items crafted for your event. The costs of providing these items can be significant, so it’s worth considering for your nuptials.
  • Rented equipment: Many ceremonies and receptions are made possible through the rental of items such as shelters, tents, tables, chairs, and audiovisual equipment. This coverage insures rented items.

When deciding on coverage, be sure to inquire about the time period. Some coverage’s may only be necessary for the day of your nuptials. Other coverage’s may need to start in the days leading up to your wedding or end a few days after.

What Doesn’t Wedding Insurance Cover?

Generally, wedding insurance won’t cover cancellations due to “cold feet” or a change of heart. This is one reason you and your partner need to be sure of your intent to marry on your planned wedding day. An insurer may also not cover you for losses and damages that arise from known issues. Let’s suppose a family member has a health condition that could impact the date of your ceremony. You may not be covered if you have to postpone or cancel your big day.

For many couples, planning a marriage ceremony is symbolic of planning a life together. There are many details to account for and prepare for, especially for your nuptials. Consider wedding insurance to cover and protect your pockets from uncertainty and loss.  

What Canadian Couples Should Know About Wedding Insurance

The day that you exchange vows with your partner is one of the most important days of your life. First, there’s the fact that you’re committing to a union with the love of your life. You’re also investing significant time and treasure into this special day. Canadians, like those in many countries, purchase insurance to protect against losses and uncertainties, such as auto coverage for a homeowners’ policy. There are many things beyond your control leading up to and on the day of your union. You and your partner should strongly consider wedding insurance to cover unexpected losses.

What Does Wedding Insurance Cover?

No two marriage ceremonies are the same, and similarly, policies vary also from insurer to insurer. Wedding insurance generally offers the following coverage’s:

Liabilities:

  • Event liability: This covers injuries or property damage experienced by third parties (usually guests) for which you may be liable, including the ceremony, reception, and rehearsal dinner.
  • Host liquor liability: This provides protection for liquor-related damages, especially if serving alcohol at your home or in a venue that doesn’t have this coverage.
  • Venue or additional coverage: Some venues may require a couple to provide liability protection, in which case you could add the venue to the insurance coverage.

Cancellations

  • Loss of deposits: Vendors often require couples to pay non-refundable deposits to secure a booking. Your insurance can recover lost deposit money should a vendor go out of business and be unable to provide goods or services.
  • Event cancellation or postponement: This reimburses you for any nonrefundable deposits or unpaid installments due to cancellation or postponement.
  • Honeymoon cancellation: For destination ceremonies, this covers you for the loss of certain travel-related costs due to the cancellation of the wedding itself.
  • Photos and videos: This addresses additional expenses necessary for retaking photos and videos that cannot be recreated for any reason, including a no-show by a photographer or videographer.

Miscellaneous

  • Wedding attire: This coverage provides for losses and damages to clothes once in your care and custody. This is strongly recommended for expensive bridal gowns or valuable heirlooms.
  • Gifts and presents: This insures any physical damage to or loss of presents at a reception, home, or in transit. Many couples depend on these gifts for starting their life together, and the cost to replace these can be significant.
  • Rings and wedding bands: This addresses the loss and damage of rings or wedding bands.
  • Cakes, flowers, and other items: Your insurance policy can specifically address damages to cakes, floral arrangements, and other items crafted for your event. The costs of providing these items can be significant, so it’s worth considering for your nuptials.
  • Rented equipment: Many ceremonies and receptions are made possible through the rental of items such as shelters, tents, tables, chairs, and audiovisual equipment. This coverage insures rented items.

When deciding on coverage, be sure to inquire about the time period. Some coverage’s may only be necessary for the day of your nuptials. Other coverage’s may need to start in the days leading up to your wedding or end a few days after.

What Doesn’t Wedding Insurance Cover?

Generally, wedding insurance won’t cover cancellations due to “cold feet” or a change of heart. This is one reason you and your partner need to be sure of your intent to marry on your planned wedding day. An insurer may also not cover you for losses and damages that arise from known issues. Let’s suppose a family member has a health condition that could impact the date of your ceremony. You may not be covered if you have to postpone or cancel your big day.

For many couples, planning a marriage ceremony is symbolic of planning a life together. There are many details to account for and prepare for, especially for your nuptials. Consider wedding insurance to cover and protect your pockets from uncertainty and loss.  

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