Wedding Cancellation Insurance
Wedding Cancellation Insurance is a product that has been made in recognition that weddings are getting more and more costly. An event causing the wedding to be canceled can leave big bills to be paid even if the ceremony and reception did not occur.
Wedding Cancellation Insurance is for reimbursement of all deposits and charges paid or contracted to be paid which are non refundable. This payment is up to the amount on the insurance declaration which is based on the size and scale of the wedding.
There are 5 parts to a wedding insurance policy. All will reimburse expenses if an insured peril (ie fire or theft) occurs. The benefit is not payable if the bride or groom simply decide not to proceed with the wedding
Section 1 - Primary Coverage includes:
- death, injury, illness, jury duty, unemployment of the bride or groom or immediate family
- unforeseen occupational posting overseas by Bride or Groom
- The premises for the wedding or reception is unable to hold the wedding due to damages by any cause or the facility being closed by local authority
- loss or damage to bridal attire within 5 days of wedding
- non appearance of wedding transport
Section 2 - Wedding Photographs If the photographer fails to show up or there is a loss or damage to the negatives there is coverage for the extra expense to retake the wedding photographs
Section 3 - Bridal Attire Loss or damage to the Bridal attire (including bridesmaids and the groomsmen) is covered up until completion of the actual wedding
Section 4 - Wedding Presents Coverage is provided for physical loss or damage to wedding presents received by the Bride and Groom. Coverage is for 72 hours before and 72 hours after the wedding
Section 5 Honeymoon Cancellation Insurance This should be compared to a Trip Cancellation Insurance policyand Emergency Medical Travel Insurance
Other comments Information about named perils and exclusions are not included on this page. The named perils are similar to a home insurance policy and the exclusions are fairly common sense.
All in all wedding cancellation insurance is good if you consider how expensive weddings are these days.
Note: Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility. Make sure you review the "please read" page.
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