According to Brides magazine the average couple will spend approximate $27,000 on their wedding. Half of a couple’s budget will go towards the reception, approximately a third will be spent on the wedding gown and a significant portion will be towards the honeymoon. All of which require hefty deposits in order to secure the purchases and protect the retailers.
However, in today’s economy, it would be prudent for a couple to take steps to make sure that their purchases are protected as well. It has proven to be a regular occurrence that stores and restaurant doors are being closed for business and hotel resorts are devastated by violent storms.
In cases like this, what can a couple do? The answer to this is for them to consider wedding insurance.
A wedding insurance policy can cover a variety of situations, such as:
- It can provide replacement or repair cost if a wedding dress or tuxedo is lost or damaged.
- Reimbursement of deposits if a vendor goes out of business, bankruptcy or fails to appear for the wedding.
- Receive a repair or replacement for wedding bands that are lost or damaged.
- If severe weather occurs and forces a postponement of the wedding, it can provide for reimbursement of non-recoverable expenses.
- If commercial transportation is shut down and prevents the bride, groom or their parents from getting to the wedding, it provides reimbursement for non-recoverable expenses.
- Covers cost of new photos if wedding photos (film or negatives) are lost or damaged.
- If the bride or groom is unexpectedly called for active duty and forces the event to be postponed, it provides for reimbursement of non-recoverable expenses.
- Receive a repair or replacement cost if any of the wedding gifts are damaged.
- If the bride, groom or their parents become suddenly ill and the wedding is postponed, it provides reimbursement for non-recoverable expenses.
- It can be additional liability coverage for the venue to protect the couple in the event that a guest is injured or causes damage to the property.
- It can be additional liability coverage to protect the couple against any alcohol-related occurrences.
- If a vendor becomes unavailable for the wedding and a last minute replacement is contacted, it will reimburse for the difference in the cost for the replacement.
For such a special and expensive occasion as a wedding, being able to have the coverage AND the peace of mind that goes with it, can make that day even more perfect.
Here at Donald J. Medeiros Insurance Agency our goal is to try to help our viewers by suggesting solutions for all insurance needs. By no means can we address each reader’s specific concerns in every incident. So, we strongly advise to check with an insurance representative to address your specific policy needs. However, you can also contact us for any questions or concerns and we will be happy to help you. We are able to offer a complete line of personal & commercial insurance products for all of Massachusetts, Rhode Island and New Hampshire.
Come visit us at www.donmedeirosinsurance.com or give us a call at 508-678-1271. We look forward to hearing from you! If you have a Facebook account, fan us at www.facebook.com/donmedeiros.
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