{"id":3057,"date":"2018-06-12T14:25:08","date_gmt":"2018-06-12T19:25:08","guid":{"rendered":"https:\/\/flagshipinsuranceservices.com\/?p=1174"},"modified":"2020-04-27T07:56:47","modified_gmt":"2020-04-27T12:56:47","slug":"if-wedding-bells-are-in-your-future-it-may-be-wise-to-protect-your-investment","status":"publish","type":"post","link":"https:\/\/flagshipinsuranceservices.com\/index.php\/2018\/06\/12\/if-wedding-bells-are-in-your-future-it-may-be-wise-to-protect-your-investment\/","title":{"rendered":"If wedding bells are in your future, it may be wise to protect your investment"},"content":{"rendered":"

Recently, my wife and I celebrated our 23rd wedding anniversary. Every year we look at our photo album together and chuckle about how young everybody was. It\u2019s amazing how fast time goes!
\nAs I continued to page through the album, I was struck by sudden panic. Someday we may be planning and paying for our daughters\u2019 weddings. Today in the U.S., the average wedding costs $33,391. Keep in mind, the location of the wedding can affect the cost. Couples getting married in big cities may spend more and some destination weddings can cost less.
\nBecause wedding insurance wasn\u2019t a consideration when we got married, I started thinking more about it. Some of the questions I had were:
\nWhat is wedding insurance?
\nWhat does it cover?
\nHow much does it cost?
\nWhen should it be purchased?
\nHow do you choose a reputable insurance company?
\nHere\u2019s some information that may help you determine if wedding insurance is right for you.<\/strong>
\nWhat is wedding insurance?<\/strong> Wedding insurance is a type of special event insurance with a one-time payment. Like other types of insurance, wedding insurance protects you from things you can\u2019t control. Occasionally, you may read or hear a story about a local couple whose reception hall goes out of business or burns down weeks or days before their big day. Wedding insurance can provide protection against this unfortunate situation by providing reimbursement for the couple\u2019s loss. Two types of policies to consider are liability and cancellation insurance.
\nWhat does it cover?<\/strong> Depending on the policy you purchase, it may provide protection from financial loss as it relates to:
\nVenue cancelling or rescheduling;
\nVendor bankruptcy;
\nWeather events;
\nLost rings or tuxedos;
\nIllness or injury to key people; and
\nBodily injury or property damage caused by a vendor or guest.
\nHow much does it cost?<\/strong> Planning a wedding can be time consuming, stressful, and extremely expensive. However, buying insurance may be a reasonable way to put your mind at ease. A basic policy can range from $155-$550. Remember, this is a one-time payment and the cost will depend on what coverage you select.
\nWhen should it be purchased?<\/strong> For event cancellation insurance, I recommend purchasing it before you start making deposits to your vendors. If they go out of business or don\u2019t meet the terms of the contract, your deposits will be lost without coverage. Liability insurance can be purchased closer to the event. However, it may be easier to purchase both at the same time. Venues such as hotels or reception halls may require liability insurance at the time of contract signing.
\nHow do you choose a reputable insurance company?<\/strong> Buying insurance that offers you the right protection can be challenging. Understanding how an insurance agent and insurance company work together to serve you can be confusing. To make sure your insurance policy is backed by a reputable insurance company, check out my blog \u201cEight tips for choosing the right insurance company.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Recently, my wife and I celebrated our 23rd wedding anniversary. Every year we look at our photo album together and chuckle about how young everybody was. It\u2019s amazing how fast time goes! As I continued to page through the album, I was struck by sudden panic. Someday we may be planning and paying for our […]<\/p>\n","protected":false},"author":3,"featured_media":3051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12],"tags":[],"class_list":["post-3057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/posts\/3057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/comments?post=3057"}],"version-history":[{"count":0,"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/posts\/3057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/media\/3051"}],"wp:attachment":[{"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/media?parent=3057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/categories?post=3057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/tags?post=3057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}