CHICAGO, IL- July 26, 2012 – Nobody likes the possibility of anything
going wrong on their wedding day. The day is supposed to be flawless, but the
unexpected can always occur. Wedding insurance is becoming more popular to help
ease concerns about unforeseen occurrences, such as a sudden cancellation,
stolen gifts, or a damaged gown. If you are considering wedding insurance, the Better
Business Bureau recommends carefully reviewing the policies to determine if
their cost and coverage are appropriate to your plans.
“A
wedding is a very significant expense for many people,” said Steve J. Bernas,
president & CEO of the Better Business Bureau serving Chicago
and Northern Illinois. “Wedding insurance is a
relatively recent option for people who want to have increased peace of mind
and some protection against monetary losses involving weddings.”
The BBB
recommends the following tips to consider when evaluating wedding insurance:
- Check with your vendors first. Before you buy
wedding insurance, check with each of your vendors to see how well they
are covered by their own insurance. Make sure to check that they are a
reputable business via their BBB Business Review at www.bbb.org. Your reception
site or your caterer may already have their own insurance, so there is no
need to pay for overlapping coverage. Make sure to get everything in
writing and ask your vendors for a copy of their policy to determine that
everything you want is covered.
- Shop around and look at pricing. A basic insurance policy that
covers loss of photos, videos, attire, presents, rings, and deposits
usually costs between $155 and $550, depending upon the amount of coverage
you want. General liability insurance, which covers up to $1,000,000 for
accidents, costs around $185.
- Make your
purchase sooner than later. Let's say you put a deposit on your wedding reception
hall 12 months prior to your wedding date and then it burns to the ground
a few weeks before the big day. With wedding insurance, you'll be sure to get
your deposit back. Make sure you know how far in advance you can purchase
the insurance, some insurance companies have limitations.
- Learn the details of what
your plan covers.
Problems with the site, weather, vendors, key people, sickness, or injury
are the top concerns come wedding day. There is usually a specified
maximum amount, which can be claimed under each section, and a deductible
also applies. Be sure to find out the details of your insurance plan.
For more
consumer tips you can trust, visit www.bbb.org
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As a private, non-profit organization, the purpose
of the Better Business Bureau is to promote an ethical marketplace. BBBs help
resolve buyer/seller complaints by means of conciliation, mediation and arbitration.
BBBs also review advertising claims, online business practices and charitable
organizations. BBBs develop and issue reports on businesses and nonprofit
organizations and encourage people to check out a company or charity before
making a purchase or donation.
