Wedding Insurance

Your wedding day is going to be an unforgettable event, but it can come with a hefty price tag once all is said and done. The average wedding in the Untied States costs couples $26,645; however, most couples can spend less than $10,000.

Here in New Hampshire, couples spend above average at $27,020. After reaching your necessary limits for guest counts at your venue, adding extra guests can add $180 to $220 per person to your budget.

Average Wedding Cost by Number of Guests

Number of guests less than 50 $8,917 – $14,861
Number of guests between 50 and 100 $13,578 – $22,629
Number of guests between 100 and 200 $21,684 – $36,139
Number of guests between 200 and 300 $27,966 – $46,610
Number of guests more than 300 $54,108 – $90,179

Wedding Insurance

That’s why couples are opting to use wedding insurance, just in case! Because, let’s be honest, no one wants to be out over $20,000!

Common wedding insurance claims involve vendors who fail to appear, venues that back out of hosting the event, extreme weather, and injury or illness. Wedding insurance costs generally start around $100 for minimum coverage and can exceed $1,000 for lavish ceremonies.

NOTE: Before buying a new policy, check your current homeowners or renter insurance, they may cover liability for your wedding. 

What wedding insurance covers…

1. Vendor failures, like the venue going out of business or a mistaken double booking, make up 30% of wedding insurance claim dollars. Wedding insurance policies will often reimburse you if you have to book a last-minute vendor or reschedule the wedding.

2. Getting injured, “As you might expect, we do see many injuries that occur on the dance floor,” says Steve Lauro, vice president at Aon Affinity, the parent company of WedSafe, a seller of wedding insurance. Among claims to WedSafe, 28% are from injuries or accidents that occur at weddings.

3. Extreme weather such as hurricanes, tornados, earthquakes, etc. this typically doesn’t include a rain shower or a cloudy day. 16% of wedding claims to Travelers are due to extreme weather.

4. Medical emergencies, if someone close to you falls ill before your wedding day, cancellation policies typically cover the costs to reschedule. These represented about 6% of wedding cancellation claims to WedSafe in 2016, Lauro says.

5. Lost or ruined attire, we may not be as lucky as the bride in #Girlboss by Sophia Amoruso, and having the wedding dress delivered just in time to walk down the isle. Attire represents 2% of wedding claims paid by Travelers.

Note: Tuxes and gowns are such an important part of weddings that they are commonly included in wedding cancellation policies.

What wedding insurance does not cover…

1. Cold feet or a change of heart, with few exceptions.
2. A rainy day, rather than extreme weather.
3. Theft or loss of engagement ring. 

NOTE: You can purchase ring insurance separately, or your homeowners insurance may cover it!
Deciding to switch to a different vendor, such as a caterer or florist, once you’ve already paid a deposit.

Make sure to always read the fine print! If your wedding includes fireworks, bounce houses, live animals or other attractions insurers find risky, you could be declined for a wedding policy. Some insurers may still offer you a policy but exclude problems involving these types of attractions.

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