Money Wise Pastor

Career, life, and money wisdom from a pastor's perspective

Wedding Insurance? Now I’ve Heard of Everything

| By Rich | |

“Should you insure your big day?”  That’s the question The Wall Street Journal asked in a recent story on wedding insurance.

According to the Journal:

Wedding insurance allows couples to recoup their money in the event things don’t go according to plan – including the death, illness or serious injury of a key participant or if the officiator, caterer or photographer doesn’t show up

I have never heard of wedding insurance before.  That’s probably because only three insurers offer it: Fireman’s Fund, Travelers and Markel.  In a future post, I’ll share wedding insurance reviews of these three companies.

The typical wedding insurance policy runs around $100-$500 and must be purchased no later than 15 days before the wedding.

What’s Covered by a Wedding Insurance Policy?

A basic wedding insurance policy will cover liability (in case someone is injured or something is damaged) and cancellations (if the wedding is canceled or the pastor, caterer, photographer, etc. don’t show up.

You can buy additional wedding insurance coverage for gifts, wedding, photos, and videos.  Interestingly, only one wedding insurance policy provider, Fireman’s Fund, offers coverage in the event the bride or groom gets cold feet.

I suppose wedding insurance might make sense if you’re planning an extremely expensive and extravagant wedding, but I’m not sure if it’s for the typical bride and groom getting married in a small church with 100 of their closest friends and family. What do you think?

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About the author

Rich Rich writes on money and personal growth from a pastor's perspective here at Money Wise Pastor. He loves In-N-Out Burger (and has the t-shirts to prove it), big cities, international travel, running marathons, and helping others create more freedom, purpose, and fulfillment in their life and work. Find him on Twitter and Facebook.