Wedding Insurance — Reason You Might Want it is Surprising
In Sunday’s Chicago Tribune, there was an article called “Insurance: Don’t Get Caught Without It.” The author, Lew Sichelman, had an interesting twist — he ended it with information about wedding insurance. What surprised me was the reason for claims on the policy.
He writes, “Unlike most policies, which renew year after year, wedding coverage is a one-time deal. Starting at a one-time premium of $160 and rising, depending on the type of coverage you want, Travelers’ wedding-protection plan protects against postponement or cancellation because of weather, because you or your intended is called for military duty or because of other unavoidable occurrences.
“According to the company, more than 40 percent of the wedding-insurance claims filed in 2007 and 2008 involved issues with vendors and venues, some of which closed down because of the worsening economy. Almost half of those problems occurred with caterers, photographers and wedding planners who failed to show up at the anointed hour on the big day.”
You’ve got to be kidding me. You’ve paid them. They signed a contract and don’t show? But you still can have a wedding even without a professional photographer. Without me (or someone like me), there is no wedding.
I’ve never missed a wedding for being sick. I’ve never been late to a wedding (due to heavier-than-expected traffic I’ve cut it closer than I would like a few times.) That’s why my order of service has the phone number for the bride, groom and venue — so I can call if there is a problem.
I have no idea how many couples I’ve married had wedding insurance. What’s been your experience — helpful or a waste of money? Comment below.
Budget | Rev. Phil Landers | 
December 8, 2009 1:23 PM
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By Tammi, December 14, 2009 @ 4:05 PM
My sister had the insurance and it really did help her. Her venue was foreclosed on and the bank would not let her get married there. She ended up having to postpone the wedding for six months but her losts were covered. She had The Wedding Protector Plan and I do believe it is the Traveler’s Wedding Insurance.