Wedding and Special Event Insurance
Home Insurance
Often referred to as “wedding” insurance, special event insurance can be used to cover a 50th anniversary party, a bar mitzvah, a graduation party, or any special occasion you might be planning. Special event insurance is designed to provide financial protection if you have to cancel or postpone a gathering due to adverse weather and natural disasters such as hurricanes.
Most policies also provide coverage for cancellation due to the death, illness, or serious injury of a key participants in the event, such as members of the immediate family. Also, if an officiant, such as a minister or rabbi, or a key vendor, like the caterer, florist, or photographer, does not show up, you can recover some of the costs.
Additional riders may include coverage for:
Before purchasing special event or wedding insurance, find out the following:
Tips courtesy of Insurance Information Institute.
Most policies also provide coverage for cancellation due to the death, illness, or serious injury of a key participants in the event, such as members of the immediate family. Also, if an officiant, such as a minister or rabbi, or a key vendor, like the caterer, florist, or photographer, does not show up, you can recover some of the costs.
Additional riders may include coverage for:
- Military service—in the event the bride or groom is in the military or active reserves, and is suddenly called to duty.
- Gowns and tuxedos—includes stores going out of business or damage to the clothing.
- Gifts—if gifts are not covered by your homeowners or renters insurance, provides protection against theft or damage of gifts.
- Honeymoon—in case you need to cancel your trip due to illness, bad weather, or other circumstances.
- Professional counseling—when the cancellation or postponement of the event causes severe emotional stress (a doctor’s note will be needed).
Before purchasing special event or wedding insurance, find out the following:
- How much the policy will cost and how much reimbursement you can expect if a loss occurs.
- What, specifically, is and is not covered by the policy.
- Whether you have coverage elsewhere through credit cards, warrantees, or through home, auto, or liability or other insurance policies you may already have.
Tips courtesy of Insurance Information Institute.