Our wedding is a special event that we hope will be unrepeatable. Therefore, never better said, forewarned couples are happy couples. The best thing to prevent a disaster that prevents the celebration of your wedding. The expenses of a celebration vary between 30,000 and 50,000 euros, if the honeymoon is not taken into account. If a problem occurs, we cannot waste the effort of months of preparations, the restaurant, the flowers, the music, the minutes and a thousand more details. That is why it is better to take out wedding insurance if the celebration does not take place for some reason.
Wedding insurance, in general, provides coverage for photography, video, jewelry, gifts, wedding dress, groom’s suit, party decoration, vandalism of any kind that affects the festivities and non-compliance with commitments purchased by suppliers.
The United States was the country that launched the wedding insurance trend. 2.3 million Americans get married every year, so it is not surprising that insurance companies in that country have approached this insurance market avidly.
What does wedding insurance offer?
- In Spain, its offer is not at the level of other insurances (car, home, etc.), which does not mean that there are no couples who actually take out wedding insurance or that insurance companies do not implement plans that include them..
- Wedding insurance covers, for example, irrecoverable financial losses arising from:
Accidental death, accident or medically proven serious illness affecting an insured person. - Obvious and unpredictable pregnancy complications of the bride.
- External phenomena such as the non-availability of the place where the ceremony is held, traffic retention, transport strike, and non-compliance with the commitments acquired by the suppliers.
The price of wedding insurance
- As you can see, for very little more money, you can save a lot of headaches. To calculate the budget to be insured, you only have to add the expenses incurred or to be incurred: deposit, payments on account, wedding trip, balance due by contract, as well as expenses for renting a room, catering, renting equipment, photographer, wedding dress, etc.
- For a budget between 9 and 12 thousand euros, the wedding insurance premium is 166 euros. Insuring a wedding with expenses between 30 and 50 thousand euros’ costs 477 euros.
