MONDAY, AUGUST 1, 2022
The wedding industry is booming and these events can cost tens of thousands of dollars between the dress, cake, venue, décor, food and photography. Whether you set out to plan your own wedding or enlist the help of an event planner, it still takes the better part of a year for many couples to throw this shindig. You pay the deposits and spend countless hours poring over menus and seating charts. 
But, what happens if the event cannot happen as planned? Perhaps the venue catches fire a few days before the wedding date, or maybe a family member falls ill. Postponing, moving or cancelling the event could mean that you’re out thousands of dollars, particularly if venue and vendor deposits are non-refundable.
While some insurance providers write policies that specifically cover weddings, other insurers are able to cover an assortment of special events. In either case, this type of insurance policy can cover these lost expenses if the wedding cannot go on as planned. Some common coverages of wedding insurance include the following.
- Event cancellation and postponement: Whether you face cancellation fees or nonrefundable deposits, this coverage can reimburse you for lost expenses if you must cancel or postpone the wedding. Additionally, you may also be covered if you must book a vendor at the last minute due to an unexpected event, such as a vendor going out of business.
- Event liability: If you, as the event host, are held liable for a guest’s injury or damaged property during the course of the wedding, this coverage can help cover those expenses. In fact, many venues insist that you obtain this coverage as part of the event contract.
- Liquor liability: You may be held liable for the harmful actions of an intoxicated guest. This coverage helps fund the aftermath of their physical attacks on other guest or venue/vendor property.
- Damage to premises: This helps cover any damage that is done to the venue during the course of your wedding.
Do you need coverage for your wedding? Call our agency to get a free quote today.
We’ve got you covered. Call Benko Insurance Agency for more information on wedding and special event insurance.
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