Many people dream about their perfect wedding.
The dress, the cake, the first dance, and more can make the day magical.
But one unforeseen event can ruin it all.
With an average wedding costing$33,900, nuptials are big investments.
Wedding insurance can help protect that money.
Its a big thing to not insure.
During the era of COVID-19, even with exclusions, wedding insurance is still valuable.
What is Wedding Insurance?
As with any insurance policy, you buy wedding insurance with hopes you never need to use it.
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Well keep it updated as offers changes or expire.
There are two main types of wedding insurance.
Often, that turns out to be a good thing.
Wedding insurance policies cover all types of honorees, including same-sex and gender non-conforming couples.
There are also add-ons for special attire, jewelry, gifts, and more.
Is COVID-19 Covered in Wedding Insurance Policies?
Like most insurance policies, wedding insurance covers unexpected events and unforeseen circumstances.
Thats key when talking about policies and COVID-19.
The same goes for COVID-19.
People dont really believe it or dont want to believe it.
If the job loss was not coronavirus-related, it might be covered under some policies.
Since that is not sustainable as the pandemic continues, some wedding insurers have stopped selling new policies.
McDonald says Wedsure never stopped selling cancellation policies since their language already excluded coronavirus and other communicable diseases.
Other companies have started selling again with a specific exclusion for COVID-19 and future pandemics.
When buying a wedding insurance policy, look at how the company has handled the past few months.
Have they paid claims?
Who is their underwriter and is it stable?
Have they been easy to work with?
It has kind of made people re-evaluate what they want, she says.
Things that were important before are just not as important now.
It sounds appealing right?
Check it out here!
