What is Wedding Insurance?
Whoever said love is cheap has not recently paid for a wedding. Weddings are special and sacred events, but they aren’t immune from mishaps and accidents. Wedding insurance policies help New Hampshire couples protect themselves from the financial consequences that covered wedding accidents can cause.
Wedding policies are a particular form of event insurance that’s specifically designed for people who are hosting weddings. Policies may be purchased by couples who are getting married, people who are paying for a wedding celebration or property owners who have agreed to have the celebration on their New Hampshire property.
What Kinds of Wedding Policies Are There?
Wedding policies can be categorized into wedding cancellation policies and wedding liability policies. Couples and people funding a wedding may be interested in either or both kinds of policies. Property owners hosting a wedding typically only need the latter type.
Wedding cancellation policies generally protect deposits and other payments that are paid to vendors. If a wedding is postponed or canceled due to a covered reason, this type of policy might help couples recoup what they’ve paid. Some coverages also cover the cost of hiring another vendor on short notice if an original one falls through. A few of the coverages that wedding cancellation policies might provide are:
Gowns and Tuxedos Coverage, which might cover the cost of replacing rented clothing that’s damaged during a wedding
Catering and Cake Coverage, which might cover hiring another baker if an originally contracted baker can’t provide a cake
Wedding Photographer Coverage, which might cover the cost of reassembling the wedding party for a photo shoot if there’s a covered issue with the wedding-day pictures
Military Service Coverage, which might cover costs associated with rescheduling a wedding because the husband- or wife-to-be is called up to active duty
Wedding liability policies normally provide coverage for liability claims and suits that arise from wedding-day accidents. Should a policyholder be named in a covered claim or suit, this type of policy may help pay legal fees, settlements and/or judgements associated with the claim. There are several types of liability coverage that wedding liability policies may provide:
Bodily Injury Liability Coverage, which might cover injuries that guests sustain
Property Damage Liability Coverage, which might cover damage that’s caused to items the host doesn’t own
Liquor Liability Coverage, which might cover accidents caused by overindulgence
Umbrella Liability Coverage, which might cover claims that exceed other coverages’ limits
Is Honeymoon Coverage Available Through Wedding Policies?
Most wedding policies don’t offer coverage for honeymoons. Couples who would like insurance for their honeymoon usually need a separate policy that’s similar to a trip insurance policy. HPM Insurance would be happy to also help couples find a policy for their honeymoon.
How Much Do Wedding Policies Cost?
Because insurance companies consider many factors when setting premiums, the premiums charged for wedding policies in New Hampshire vary. In most cases, however, these policies are quite affordable because they only need to provide coverage for a short time. By limiting coverage to only when a wedding is taking place, insurers limit their risk and can keep a policy’s cost low.
How Can Couples Getting Married in New Hampshire Get Wedding Insurance?
Because there are different types of wedding policies and each type includes several coverages, couples and wedding hosts shouldn’t choose a policy on their own.
If you’re getting married or hosting a wedding in New Hampshire, contact a wedding insurance specialist at HPM Insurance. Our independent agents have helped many couples find policies, and e’d be happy to assist you in your search for coverage. As knowledgeable and independent agents, we can help you