Nowadays, weddings cost a huge amount of lakhs and crores of rupees. In such a situation, wedding insurance is extremely necessary to compensate for the loss caused due to any unexpected reason in the wedding. It is a cover that protects us from financial loss due to any disruption including cancellation or postponement of the wedding ceremony. Wedding insurance also covers the possibility of damage to personal or public property due to natural and man-made hazards. It is a fantastic way to protect your large investment.
What are the benefits of wedding insurance
Wedding insurance provides protection from many types of unexpected risks. It covers the cancellation of the wedding ceremony, damage to property, or injury/death due to natural and man-made disasters. It frees you and your family from the stress of unpredictable circumstances.
What is covered in wedding insurance
Wedding insurance policy covers a variety of situations, giving you complete peace of mind:
Natural Disasters
Conditions such as unseasonal rains, storms, hailstorms, sand storms, tsunamis, and ‘acts of god’. If the wedding is canceled or postponed due to any such situation, the expenses can be reimbursed.
Damage to the Wedding Venue
Loss or damage to the wedding venue (resulting in cancellation of the event) due to fire and related perils, earthquakes, floods, and cyclones, rendering the venue unusable. In such a case, booking of a new venue or other related expenses may be covered.
Man-Made Disasters and Other Situations
Riots, curfew (as declared by the local police and/or the relevant government authority). If the wedding is disrupted due to these circumstances, the policy provides financial protection.
Family Events
Unexpected events such as death or accident of the bridegroom, bride, and blood relatives (bride/groom’s parents, brother, sister) during the policy term. This is a sensitive but important cover that provides financial support in such sad times.
Add-ons and Riders
Wedding insurance policies often offer the option of add-ons and riders. These additional coverages, such as attire coverage and honeymoon coverage, can prove to be extremely important in specific situations.
For example, imagine if the wedding gown gets damaged or lost en route, an attire coverage rider can prevent that big day from being ruined. It ensures that your dream dress is protected. Similarly, honeymoon coverage can provide financial protection in case of an unexpected event during the trip such as trip cancellation, lost luggage, or a medical emergency.