As a benchmark: A liability insurance policy, providing $1 million of coverage starts at around $175 from Allstate Insurance, which is based in Northbrook, Ill. How much does it cost?Ĭosts vary, depending on a number of factors, such as the venue, length of the event, location, number of guests and amount of coverage you need. “There’s no insurance for a runaway bride or runaway groom,” he said. What cancellation insurance doesn’t cover is a change of heart, said Todd Shasha, the managing director of personal insurance product management at Travelers Insurance, which is based in New York. “Wedding cancellation insurance can also include special provisions that will reimburse the insured up to a specified limit for loss or damage of attire, jewelry, deposits, cake or gifts, even if the wedding continues as planned,” Mr. “The most common wedding insurance we sell, by far, is general liability.”Ĭancellation insurance provides reimbursement for the deposits made to vendors - i.e., your events space, caterer, band, photographer, florist - if you’re forced to cancel or postpone a wedding because of extreme weather, unexpected illness to the bride or groom (or an immediate family member), military deployment, or for other reasons beyond your control. “If one of your guests slips and falls on the dance floor, liability insurance will cover their medical bills up to the limits specified on your policy,” said Drew Purcell, the business development leader at Progressive Insurance, which is based in Mayfield Village, Ohio. Liability insurance covers property damage to the wedding site and bodily injuries to attendees. There are two types: liability insurance and cancellation insurance. Here’s what you need to know to determine if you need a policy.
“I used to tell people not to buy it, but it has become a much more mature product over time, and now I recommend purchasing it to many people.” “In America, wedding insurance didn’t really gain steam until the 1990s,” said Robert Hunter, the director of insurance at the nonprofit Consumer Federation of America in Washington. Wedding insurance - also called event insurance - can shield people from financial loss that could result from a number of setbacks, such as severe weather, property damage and vendor problems. Francis Hotel, where we held the reception, had a ballroom that was available and plenty of open rooms for our out-of-town guests.” “All of our vendors - our D.J., our photographer, our florist, our caterer - were able to pivot, and provided their services in San Francisco. Niebuhr, 58, a general contractor from Basalt, Colo.
“Luck was definitely on our side that weekend,” said Ms. 26, her original wedding date and just three days after the wildfires hit Sonoma. The money was then used to book another place in San Francisco on Oct. She was refunded the $6,500 deposit she paid for the venue. Niebuhr had bought a wedding insurance policy for $350 from Travelers Insurance that provided $7,500 of cancellation coverage. When the Kincade fire struck the area just a few days before the wedding was scheduled to take place, causing widespread evacuations, their dreams of a wine-country wedding were crushed.
After a year and a half of careful wedding planning, Sally Niebuhr was ready to watch her oldest daughter, Kiki LaCroix, walk down the aisle at a winery in Sonoma, Calif., last October.
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