Wedding Planning (Part 4): Wedding Insurance – Is it worth it?

© Beatrici Photography  - www.beatriciphotography.co.uk

© Beatrici Photography – http://www.beatriciphotography.co.uk

When we were planning our wedding, I spent a fair amount of time reading forums, blogs and facebook groups aimed at brides.  I knew what type of wedding I wanted and generally how I wanted it to flow.  I knew what sort of things I would need to arrange, like flowers and caterers and DJs, but didn’t put much consideration into wedding insurance.

After reading loads online about how important it actually was to have, I began to do my own research.  I spoke with my fiance about it, and we both agreed that for the cost of it, it may be worth while to take out a policy.

Initially in my search, I was a bit overwhelmed with how many options there actually were and what coverage levels were available.

Firstly, you need to decide if it’s worth it,  but if you’re a couple planning to spend a fortune on your wedding day, a few extra quid to cover the possible accidents is likely worth it. The average cost of a wedding in the UK is circa £20,000 and mostly policies start around £39.  It will essentially cover you financially is something ruins your big day or has to be cancelled or postponed.

Whether or not you actually need it probably depends on how much you’re spending on your wedding day, but for peace of mind, I would recommend it; however, do keep in mind that if you’ve paid for anything with a credit card and something goes wrong, you should be able to claim your money back from your credit card provider using section 75 of the Consumer Credit Act.  Before you do buy though, take a look at your home insurance policy as it may have a provision for weddings.

What’s typically included? 

  • cancellation or rearrangement of a wedding or reception due to accident, illness or bereavement within the main wedding party;
  • if a supplier goes out of business.
  • Some policies also cover loss or damage due to accident, fire or theft to the main wedding outfits, presents, rings, cake and flowers, as well as the cost to retake photos and video, failure or hire cars and personal liability & legal expenses.

What isn’t covered? 

  • You can’t make a claim for a situation you already knew about;
  • if your partner changes their mind and you need to cancel the wedding;
  • if you decide you cannot afford to go ahead with your wedding plans;
  • most insurers have strict rules on theft too, so make sure to check what’s included;
  • Honeymoons aren’t usually covered.

To estimate the level of insurance you need, create a spreadsheet with either the actual costs or realistic estimates for your big day.  For a rough idea of what you may need to plan / book, read more on an earlier post I did about suppliers.  Don’t forget to include the cost of gifts in your budget when you’re thinking wedding insurance.

First Direct research shows that the average wedding gift was worth £51 in 2012, with the average UK wedding hosting 96 guests. The bank says couples will typically receive £4,896 worth of gifts on their big day.

We ended up going with Debenhams for our insurance.  As part of the package, we got a gift voucher with the coverage level we purchased.  In the end, we didn’t need the insurance; however, I did try to make a claim before our wedding due to our caterers.

We wanted to sack our caterers because they were absolute rubbish .  We had so many issues with them, but it was after we had already paid our £1000 non-refundable deposit.  I contacted Debenhams to see if we could make a claim against them, but unfortunately, we were unable to.  In order for us to make a claim against them, they would have had to have not provided the service – essentially meaning, we would have to go through with having them as our caterers and if it went tits up (which it did), then we could claim.

After the wedding, and we had already shelled out £6k, we tried to make a claim against them, but because they provided the service (although it was horrendous), we were unable to make a claim, so we were out thousands of pounds for a horrible service.

Was the insurance worth it?  For peace of mind, it was.  In actuality, we didn’t need the insurance and the only issue we had with our wedding was with our caterers not being brilliant (read: absolute shit).

Are you getting married soon?  Do you plan to take out wedding insurance?

Erin + Stuart - Previews2.jpg

 

 

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