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With an estimated 1.2 million people tying the knot
this year, the average couple will spend between
$16,000 to $20,000 on their wedding. With this
price tag, few can afford to absorb the cost of
a major nuptial disaster, like a caterer who doesn't
show or a cancelled ceremony due to bad weather.
David Blunt, CEO and company president of InsuranceCompany.com
encourages you to protect your wedding from potential
disaster with wedding insurance. Wedding insurance
policies can provide coverage for non-refundable
deposits, wedding photographs, attire, gifts and
jewelry, damage to rented property or serious disasters
that may delay a wedding, such as a death or illness
of a family member or member of the bridal party
and all types of natural disasters.
These policies typically can cover up to $2,00,000
in personal liability if the couple becomes legally
responsible for bodily injury or property damage
during the wedding or reception. Wedding insurance
is generally offered in pre-set packages or can be
designed by couples on their own. A standard package
policy should cost less than $200. By definition,
the wedding insurance cancellation or postponement
coverage will pay up to the coverage limit that you
select and is subject to a $250 deductible, the nonrefundable
expenses incurred when the rehearsal, rehearsal dinner,
wedding or private event, reception or honeymoon,
which must be cancelled or postponed for certain
reasons beyond your control (excluding Change of
heart).
This also includes sickness or injury to the bride,
groom or anyone essential to the wedding, damage
or inaccessibility to the premises where the wedding
is to be held, loss or damage to the bridal gown,
corporate or military foreign posting and job loss.
This coverage also includes adverse weather conditions
which prevent the bride, groom or any relative whose
presence at the wedding is essential or, the majority
of the guests from reaching the premises where the
wedding is to take place.
The weather coverage is available only if the policy
is purchased 14 or more days from the date of the
event. "Failure to show" of the minister,
or the person engaged to perform the ceremony is
covered for Cancellation or postponement. Closure
of the ceremony site or reception site due to "financial
failure" is also covered for Cancellation or
postponement. Additional expense coverage will pay
up to 25% of the cancellation limit you select for
any additional expenses necessary to arrange alternative
services to avoid a covered cancellation or postponement
of the wedding.
Here's some extra wedding tips...
- Protect your wedding presents. When presents
begin to arrive, consider raising your homeowners
or renters
insurance coverage. A wedding present "floater" can
be written the day gifts arrive and remain in
effect up to 90 days past the wedding date.
- Take
an inventory of all gifts with supporting photos
or videotape. Keep the gift list and the persons
name giving the gift. You never know when you'll
need to ask them the cost of the gift.
- Insure your
rings. Most homeowners and renters policies require
additional documentation to insure valuable
jewelry. Some type of disasters may already be
covered under homeowners insurance policies or
by the vendors
themselves. Ask you vendor if they have some type
of disaster insurance. Above all get a wedding
insurance policy... you can then bypass the hassle
with endorsements
to your home or renters policy.
Congratulations,
David Blunt, agent-broker
CEO, Company President
www.InsuranceCompany.com
InsuranceCompany.com is a specialist in wedding
insurance, cancellation insurance and postponement
insurance coverage programs. The program is for weddings
and their related events in the United States, including
Alaska and Hawaii. Wedding insurance coverage is
available in all 50 states.
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