We insure all the most important people and things in our life. We might be biased, but we think weddings are pretty important, so it only makes sense that insurance would be necessary for them, too. Jamie Webb of the Dallas insurance agency Bibby, Brilling & Associates answered all our burning questions about wedding insurance so you’re informed when you book that perfect venue.
Why does one need wedding insurance?
Most venues will require wedding event insurance. Wedding liability insurance protects you from incidents such as property damage to the venue or if someone gets injured at the event. Policies can be purchased to also include wedding cancellation, loss of deposits, wedding gifts, wedding attire and jewelry, rain-date coverage, rehearsal date, and liquor liability.
How does wedding insurance work?
It is recommended that a policy be purchased as soon deposits are being paid. Once the policy is paid for, coverage is in force. This covers you in the event you are held liable if someone trips and falls at the wedding or if the facility you have leased is damaged.
Can you give any insight into the cost of wedding insurance?
Policies usually start at around $200 and up to $2000 depending on the number of attendees and the coverage purchased.
Can you give an anecdote of wedding insurance paying off?
A wedding guest was walking to be seated and tripped over loose carpet. Her knee was injured and medical bills totaled $10,000. [Or,] a candle was burning and caught a tablecloth on fire. The property owner sued the bride for damage to the facility.