The cancellation of weddings is one of the most common comedy items in television.
We are bound to laugh when characters suddenly ruin weddings by throwing cakes, destroying the beautifully arranged tables and knocking off foxy ladies into the mud.
It may look funny on TV but the reality of the cancelled weddings is very different. The reason is the high price-tag of the wedding celebrations.
The average, formal wedding in Australia costs around $36K.
If the celebration needs to be cancelled or post-postponed then there is very little (if any) reimbursement.
For this reason you must have the wedding insurance.
The wedding insurance will cover a lot of items of your wedding preparations.
What's more, the wedding insurance costs only 1%-2% of the total price-tag for the average wedding.
Various wedding insurances offer different polices. However, there is a basic list which you must have. The wedding insurance should:
There are also secondary items such as the cost of:
which are also good to have insurance policy options. Of course, you may choose higher pay-backs but at the substantially higher cost. Thus, if your venue costs $30K then you should seek a policy, which offers $30K to cover cancellation or rearrangement costs. You must keep all your receipts! Insurers will not honour verbal arrangements. If you do not have the tax invoice then you cannot claim insurance on the amount.
The major insurance companies generally do not offer the wedding insurance.
In fact, (for them) wedding industry is too small-to-care niche.
You should search specialised insurers which offer the policy.
There are number of online insurance companies which provide the wedding insurance.
Mojomo Insurance is an international insurance broker which has recently opened its doors in Australia.
One of the Mojomo products is wedding insurance.
Mojomo covers a lot of items for the wedding celebrations.
However, their policies are not properly disclosed for public viewing.
For this reason OurWedding Insurance is a great wedding insurance operator.
They offer three easy to understand options: Gold, Platinum and Diamond.
All three options cover the same items (which is great).
The only difference is the maximum amount of money to be drawn for each option.
Finally, our third choice is the Wedding Insurance - Australia.
This insurer also offers a comprehensive policy to cover most wedding items.
The basic wedding insurance is about $280. The more comprehensive option is around $480. When you choose the wedding insurance, you must ensure that it covers you for most of the mishaps discussed above.