Junior Rasmussen
Planning a wedding can be a daunting task, but it is also one of the most exciting moments in your life. With the average wedding now costing $20,000-£21,000, wedding insurance is a great way to protect your investment in your big day. Wedding insurance is a type of insurance that will protect you from financial losses due to illness, accidents, cancellations, lost/stolen/damaged items, and other unforeseen circumstances during the build-up to or on the wedding day itself. The price of wedding insurance will vary depending on your wedding budget and location, with policies ranging from £20 to £400.
Do I need wedding insurance in the UK?
| Characteristics | Values |
|---|---|
| Cost of wedding insurance | Depends on the wedding budget and location |
| When to get wedding insurance | After coming up with an approximate cost of the wedding |
| Why get wedding insurance | To protect from financial losses due to illness, accidents, cancellations and other unforeseen circumstances |
| What does wedding insurance cover | Lost, stolen or damaged items, personal liability, venue cancellation, supplier failure, etc. |
| What does wedding insurance not cover | Cancellation if you or your fiancé decide you no longer want to get married, additional expenses, honeymoon |
| Tips for buying wedding insurance | Compare deals on the market, check for add-ons, check for caveats in the policy, ensure written agreements with suppliers |
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What You'll Learn
Wedding insurance cost
The cost of wedding insurance in the UK depends on how much you’re spending on your wedding, the type of cover you choose, and the risks associated with your wedding. The average wedding in the UK costs around £20,000, and insurance policies can range from £20 to £400 depending on the insurer and the level of cover you choose. Basic policies may offer up to £5,000 for cancellation, while premium policies can provide up to £100,000 of protection.
It is important to shop around and compare policies to find the right one that fits your needs and budget. You can use comparison sites to find the cheapest insurance, but note that you may need to share your personal details to obtain a quote. Some things to consider when choosing a policy include the venue, the number of guests, and any additional cover you may need, such as marquee cover or public liability insurance.
Public liability insurance covers any damage or injury that may occur during your wedding and is usually required by venues and vendors to protect them from financial losses. It is worth checking with your wedding suppliers if they have any requirements before purchasing your insurance policy. Additionally, some home insurance policies boost contents cover in the month surrounding your wedding or civil partnership, so it is worth checking with your insurer if this is included.
Other factors that can affect the cost of wedding insurance include the location of your wedding and whether you need cover for any pre-existing medical conditions. If you are having a destination wedding, you will need to find a specialist policy as standard wedding insurance policies may not cover weddings abroad.
In summary, the cost of wedding insurance in the UK can vary significantly depending on your budget, the type of cover you choose, and the specific needs of your wedding. It is important to do your research and compare different policies to find the best value for your money.
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What does wedding insurance cover?
Wedding insurance is a type of insurance that will protect you from financial losses due to illness, accidents, cancellations and other unforeseen circumstances during the build-up to or on the wedding day itself. It is an optional policy that gives you financial protection if something goes wrong with your wedding plans.
Wedding insurance can cover a multitude of things, from relatively small issues that incur additional costs to unforeseen circumstances that can cause the cancellation or postponement of the entire reception. It can cover you in case of lost deposits because you have to move the wedding date due to an accident, illness or extreme weather, lost or damaged wedding day photos and videos, replacement of a stolen wedding gown, stolen or damaged gifts, and more.
Venue cancellation coverage
Venue cancellation coverage includes floods, fire or financial problems at the venue that means it can no longer honour your booking. This will likely come under 'cancellation cover' in the insurance document. This type of coverage applies to key members of the wedding party or close family members – you will be covered if you or your spouse-to-be, your maid of honour, best man or close family member is taken ill as long as it’s not linked to a pre-existing medical condition. The same people will be covered in case of accident or death as well as being unexpectedly called for jury service or being posted overseas in the military. If 50% or more of your guests cannot attend the wedding due to serious weather conditions, you should be covered but double-check the small print as many policies differ slightly on this.
Supplier failure
If one of your suppliers doesn’t turn up or they provide damaged items (such as dead flowers or a damaged wedding cake) you should be covered. Note that a written agreement with your supplier will be vital to your claim, so make sure you get one when booking! You’ll also need to double-check your individual policy to find out which suppliers they cover as not all policies will be the same. You want to make sure that your wedding bands (although not your engagement ring, so add this to your home insurance), wedding cake, flowers, wedding attire and wedding gifts are included in your coverage.
Extra cover options
There are extra cover options you can add to your policy if you need them, such as ceremonial sword cover, marquee cover and overseas cover.
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Wedding abroad insurance
If you're planning a wedding abroad, you'll want to consider taking out wedding insurance to protect yourself from financial losses due to illness, accidents, cancellations, and other unforeseen circumstances. The cost of a wedding can quickly add up, and you don't want to be left out of pocket if something goes wrong.
When considering wedding insurance for a wedding abroad, it's important to note that not all standard wedding insurance policies cover overseas weddings. So, it's crucial to double-check before purchasing. Some companies offer specialist policies for destination weddings, while others include overseas cover as an add-on to their standard policies. This type of cover will protect you in a foreign country and may also cover travel-related risks and circumstances.
The cost of wedding insurance for a wedding abroad will depend on your wedding budget and the type of cover you choose. Basic policies may offer a lower level of protection, while premium policies can provide more extensive coverage. It's important to compare different insurers and their policies to find the best option for your needs. Consider using comparison sites to find the cheapest quotes, but remember that you may need to share personal details to obtain an accurate quote.
When choosing wedding insurance for your overseas wedding, carefully review what is and isn't covered. For example, some policies may not cover travel-related circumstances or offer protection for travel and accommodation costs. Additionally, keep in mind that certain countries may have specific requirements for weddings, such as civil ceremonies before a church service, so be sure to research the local laws and regulations.
By taking out wedding insurance for your special day abroad, you can rest assured that you're protected from unforeseen events. With the right coverage, you can focus on creating memories and enjoying your wedding without worrying about financial losses.
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Supplier failure
Wedding insurance is an optional policy that gives you financial protection if something goes wrong with your wedding plans. This includes issues with suppliers, the venue, or a key member of the wedding party falling ill. It is recommended that couples consider purchasing wedding insurance to avoid being out of pocket if something goes wrong. The average cost of a wedding in the UK is over £19,184, which represents a major financial commitment.
Dreamsaver Wedding Insurance covers Wedding Supplier Financial Failure on all policies as standard. This includes deposits paid to wedding suppliers, even if you paid them before buying the cover. If you need to rearrange or cancel your wedding due to a major wedding service supplier suffering a financial failure, this may be covered by your wedding insurance provider. However, these charges must be notified to and agreed upon by the claim handlers before rearranging.
If one of your wedding suppliers fails, you are entitled to apply for a refund, a partial refund, or compensation for emotional distress if the failure impacts your enjoyment of the day. The amount of refund you can claim will depend on how unsatisfactory the service or product provided was. It is always better to complain to the supplier in question on the day, as they may be able to remedy the problem immediately. It is also important to put your complaint in writing to evidence the issues. If you have wedding insurance, an easier course of action may be to make a claim under that policy. Before contacting your wedding insurance provider, speak to your service supplier to understand if they can give you your money back.
Some wedding insurance companies, such as Wedinsure, offer different packages for weddings with different budgets. Insurance for a wedding of up to £20,000 comes in at £81.99 and will include cancellation, financial failure of suppliers, ceremonial attire, photo and video, personal liability, legal expenses, and elements of the wedding such as transport.
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Wedding insurance claims
Wedding insurance is a type of insurance that will protect you from financial losses due to illness, accidents, cancellations, and other unforeseen circumstances during the build-up to or on the wedding day itself. The price of wedding insurance will vary depending on the wedding budget and location.
When making a wedding insurance claim, it is essential to first check your policy to see what is covered and what your claim limit is. If you are covered, contact your insurer with your policy number and details of the incident, including any loss or damage, the amount the claim is for, and any police crime reference number if something was stolen. You will also need the names and addresses of anyone involved in the incident, including witnesses. The more information you can provide, the quicker your claim is likely to be processed.
If your insurer settles the claim, you will need to pay them the excess. If your insurer rejects your claim but you believe, having checked your policy, that it is valid, you should contact the provider to complain. If they do not change their decision, you could ask the financial ombudsman to assess your claim.
Reasons for Wedding Insurance Claims
There are many reasons why couples may need to make a wedding insurance claim. Some of the most common reasons include:
- Venue cancellation or issues with the venue, such as a ceiling collapse or loss of licence
- Supplier issues, such as suppliers not turning up or providing damaged items, including dead flowers or a damaged wedding cake
- Illness or injury, such as a broken leg requiring an operation
- Adverse weather conditions, such as high winds, which can cause damage to marquees
- Damage to wedding attire
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Frequently asked questions
Wedding insurance is not a requirement, but it is recommended. The average UK wedding costs over £20,000, and insurance can protect you from financial losses due to unforeseen circumstances.
Wedding insurance covers cancellations, rearrangements, supplier failure, illness, accidents, lost/stolen/damaged items, and personal liability.
The cost of wedding insurance depends on your wedding budget and the type of cover you choose. Basic policies can start from £20, while premium policies can cost up to £400.
Wedding insurance does not cover changes of heart, affordability issues, or your honeymoon. It also does not cover engagement rings or gifts left unattended.
First, calculate your total wedding expenses. Then, use comparison sites to find the best deals and choose a policy that covers all your expenses. Finally, check the fine print and ensure you understand the terms and any exclusions.
