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We know insurance is not the most romantic of subjects. However, putting on an event of this scale is not only a financial investment but an emotional one.
When you think about all the costs involved in a wedding, adding an extra layer of protection for a few hundred bucks becomes a no-brainer. From a sudden cancellation to a damaged gown, wedding insurance can help protect you against the unforeseen and give you peace of mind.
Here's everything you need to know about wedding event insurance and why we require you to have it to host your event with us.
What Is Wedding Insurance?
Wedding insurance is a type of special event insurance. Event insurance provides coverage before and leading up to a big event.
Weddings are a significant investment, so wedding insurance is beneficial no matter how much your wedding costs. Wedding insurance protects a couple's investment from circumstances beyond their control and can help provide reimbursements for expenses incurred.
What Does Wedding Insurance Cover?
Wedding event insurance can help solve problems with the site (wedding venue), weather, vendors, key people, and sickness or injury before, on, and after the wedding day. A specified maximum amount usually can be claimed under each section, and a deductible also applies.
Insurance policy coverage depends on the company, so be sure to check with your specific provider, but they typically cover:
Site: Any costs arising from an unavoidable cancellation, such as damage or inaccessibility to the venue site. For example, damage caused by a fire or the business has shut down.
Weather: Any weather conditions that prevent the couple's immediate family, wedding party members, or most of the guests from reaching the premises where the wedding is to take place. Insurance covers rescheduling the wedding and all the details involved, including flowers and reception food. Remember that in most states, an extreme weather policy must be purchased at least 14 days before the event.
Vendor no-show: What if essential wedding people—the caterer or the officiant, for example—fail to show up? A wedding insurance policy usually covers the cancellation or postponement of the wedding for these reasons.
Sickness or injury: Wedding insurance may cover illness or injury for the couple or immediate family members (parents, siblings, grandparents, and children), not including pre-existing conditions. Because COVID-19 is considered a known infectious disease, some insurance companies no longer cover COVID-related cancellations or postponements. Speak with your insurance agent for more information.
Military or job: Military personnel may deployed at a moment's notice. Wedding insurance can sometimes cover the postponement of your event due to a sudden call to military duty. Similarly, if a company suddenly relocates to another city and the company must follow them, insurance can help cover some of the cancellation costs.
What Wedding Insurance (Typically) Doesn't Cover
A change of heart. In other words, cold feet do not count.
Watches, jewelry, semiprecious gemstones, or pearls (even if they are attached to clothing) may not be covered.
While the policy may cover your wedding rings, your engagement ring may not fall under the same coverage. You can purchase engagement ring insurance separately, or it may be covered by your existing homeowners or renters insurance.
The Two Types of Wedding Insurance
Similarly to how your car insurance has both liability and comprehensive options, wedding insurance typically comes in two ways: liability and cancellation.
Wedding Liability Insurance
What does wedding liability insurance do?
Liability insurance protects you against financial liability arising from your wedding and is required by many venues. These policies protect you if a guest is injured, the venue gets damaged, or if there is an alcohol-related incident. Rehearsal dinners are not always covered but can sometimes be added to the policy.
Wedding Cancellation Insurance
What does wedding cancellation insurance do?
If circumstances beyond your control force the cancellation of your wedding, event cancellation, or postponement, insurance protects you financially and can cover lost deposits and more. Cancellation coverage could extend to no-show vendors, too.
When Should You Get Wedding Insurance?
The sooner, the better. It's best to go ahead and buy the policy when you start planning.
We recommend ensuring you have coverage in place as soon as you begin outlining deposits. For example, let's say you pay your wedding photographer a year before the wedding, and one month before the wedding, they have to drop out. You won't have coverage if you buy a policy after the fact. That's why you must have an insurance policy in place early in your planning journey.
Mill Pond Estate Requirements:
$2 million liability
Mill Pond Estate Events LLC must be listed as the additional Insured.
Where You Can Purchase:
Mill Pond Estate Event Insurance
How Much Does It Cost?
Pricing can vary but approximately $250.
How to Submit Your Proof of Insurance
Once you have your insurance, you can submit this by uploading it on your insurance form in your portal.