Cover Overview: Wedding Insurance
Wedding insurance has been around for years, but it’s not often something the couple thinks about during the hectic planning. While there is no legal requirement for wedding insurance, it may be something brokers should recommend as it covers a variety of property, liability and financial risks involved with getting married.
Insurers typically will allow the wedding insurance policy to be purchased by the couple or by a person paying for the wedding, often a parent. Policies tend to be offered on a tiered basis; that is, they allow customers to buy a level of cover that is most appropriate to the value of their wedding. To avoid discrimination, most wedding insurers make policies available to same-sex couples, and some companies also offer products that are specifically for civil partnerships.
Cancellation and Rearrangement
Depending on the insurer, cancellation cover may be written either on an ‘all risks’ basis or on a specified perils basis. This cover ensures that suppliers will be compensated for breach of contract, that the couple is indemnified for unused items. Cover for cancellation and rearrangement typically includes transport, catering services, accommodation, photographs, stationery, flowers, ceremonial attire, costs of re-booking and all services that are usually secured by booking deposit, except for pre-purchased items. Standard policies also provide cover for the following circumstances:
- Death, illness or injury of one of the couple, both of the couple or a close relative
- Outbreak of contagious disease at the wedding or reception venue
- Damage to the wedding venue
- Overseas posting for armed service of one of the couple
- Inability to reach the wedding or reception venue due to adverse weather
- Non-appearance of a key supplier or authorised registrar
Property and Liability Cover
The property cover of wedding insurance is designed to cover loss and damage to ceremonial attire, wedding gifts, rings, flowers, cake and attendants’ gifts. Cover is limited by usual property cover exclusions, and policies often specify what perils are covered and how long the period of cover extends.
Contractual cover protects against the contractual failure of wedding transport; photography and video, including re-taking of photos and video; and failure of suppliers.
Wedding insurance includes cover for personal accident and liability, and also for legal expenses. Personal accident cover is limited to the couple and applies only to incidents in the 24 hours before and after the wedding; it provides flat benefits for death, loss of eye or limb and permanent total disablement. Personal liability, on the other hand, covers the couple’s legal liability for accidental loss or damage to property of another person and for accidental injury or death of another person.
Several of the most common wedding insurance claims are damaged wedding attire, re-taking of photographs, cancellation due to illness or bereavement of immediate family and loss of wedding rings.
Wedding insurance policies will always exclude cancellation due to ‘disinclination to marry’, where one of the couple pulls out. This is excluded because the insurer will only cover for circumstances beyond the insured’s control. Other typical exclusions include the following:
- War and nuclear risks
- Hazardous activities
- Illegal and immoral activities
- Theft without violent and forcible entry
- Mechanical breakdown
- Bouncy castles
- Pyrotechnic devices
Your Insurance Partners
Obtaining wedding insurance should be top of mind for soon-to-be-wed couples. At T.H. March, our dedicated brokers are committed to learning your nuptial needs and developing an insurance plan tailored for you. Contact us at 01822 855 555 today.