What is Wedding Insurance?
A bride and groom’s wedding day is one of the most special days in their life. It’s a day where everything is supposed to be perfect. Occasionally, however, accidents happen on wedding days. Wedding insurance helps protect Massachusetts couples from potential wedding day mishaps and accidents.
Wedding insurance is a specialized form of event insurance that’s designed for people hosting weddings. Policies are normally purchased by the party hosting the wedding, which may be the couple getting married or another person who’s paying for the celebration.
ARE THERE DIFFERENT TYPES OF WEDDING POLICIES?
Most wedding policies can be separated into two groups: wedding postponement or cancellation insurance policies, and wedding liability insurance policies. A couple or person might get one or both types of policies.
Wedding postponement or cancellation policies are primarily used to protect the money that people spend on weddings. If a wedding is canceled or postponed, this type of policy may reimburse the policyholder for any deposits they’ve paid, and it might pay the remaining balances on any wedding expenses that are due. With $35,329 being spent on the average wedding in 2016, the protections that this type of policy offers can be significant.