- Liability insurance should cover damage to the wedding venue or injury to guests, protecting the wedding couple from a costly lawsuit.
- Cancellation insurance should cover the buyer's costs if the wedding must be postponed due to severe weather (like a hurricane or tornado), parent's death, or sudden illness or military duty of the bride or groom. It also covers replacement costs if key people don't show up, such as the officiant.
- In addition, cancellation insurance addresses service providers. For example, if deposits have been placed and a vendor goes out of business or doesn't show up on the wedding day, cancellation insurance should cover the fees to find a last-minute replacement.
- Additional coverage may often be added to protect the wedding couple if photography, videography, formalwear, jewelry, wedding gifts or rented property (tents, tables or chairs) are damaged or lost. All policies differ on what they do or do not include, so always read the fine print.
There are many websites that offer information on wedding/event insurance. This one I found most helpful: Click Here. It's up to you whether you feel that insurance is completely necessary, but it would be better to pay $500 for insurance and be safe rather than incurring thousands of dollars of costs if there are event disasters!
