2017 RANKING & REVIEWS
TOP RANKING BEST WEDDING INSURANCE POLICY
2017 Ranking: Relax on Your Big Day with the Best Wedding Insurance Policy
Imagine this – you’ve spent months and months planning the perfect wedding, choosing the perfect venue, sending out stylish invitations and tasting various cake samples from all throughout the city.
The week of the wedding arrives and you are bustling about with last minute preparations and projects. Then, on the day of your wedding, a massive storm hits and the venue becomes inaccessible.
What happens then? The dream wedding that you spent months, maybe even years, planning simply falls apart and there is nothing you can do about it. To top it off, you might be losing out on tens of thousands of dollars.
The average wedding now costs about $31,000, which could amount to a new car or even the down payment on your first home. Fortunately, there is a way to protect yourself, through the form of wedding event insurance.
Award Emblem: Top 6 Best Wedding Insurance
If you choose to insure your wedding, your investment can be protected from any circumstances that fall outside of your control.
That means if weather affects your big day, your wedding gifts are stolen from the venue, or the reception venue simply goes bankrupt and cancels on you the month before, you can recoup your expenses.
That doesn’t make the situation any less disheartening – since so much time, effort, and love went into planning your big, exciting wedding day – but at least you will be able to have the money you need to fix the situation.
While wedding insurance is a great thing, like all great things, there are many different options to choose from and coverages to consider. With so many different insurance providers offering event insurance, it can be overwhelming trying to narrow it down.
You already have to decide on a location, venue, dress, menu, centerpieces, seating arrangement, and more, so adding the search for the best wedding event insurance can seem even more daunting.
As frustrating as it is, you really do need to try to find the best wedding insurance so that you can be at peace on your big day. Still, that doesn’t make the search process any easier. Chances are that you will have many questions throughout your search, including:
- What does wedding insurance cost?
- Do you really need to get wedding insurance?
- Can you get cheap wedding insurance?
- Where can you go to read wedding insurance reviews and compare wedding insurance?
Throughout this 2017 guide, we will answer the questions you have surrounding wedding insurance. We will explain why you need wedding insurance, what it covers, and what to look for when you compare wedding insurance. Finally, we will provide a detailed review of the six best wedding insurance policies.
AdvisoryHQ’s List of the Top 6 Best Wedding Insurance Comparison
List is sorted alphabetically (click any of the wedding insurance reviews below to go directly to the detailed review section for that best wedding insurance site):
Top 6 Best Wedding Insurance Policy | Brief Comparison & Ranking
Wedding Insurance Policy Providers
|Markel||Overall Coverage||As low as $75|
|Nationwide||Wedding Liability Insurance||Contact Nationwide for a quote|
|Progressive||Flexibility of Protection Plans||Starting at $66 in most states|
|Travelers Insurance||Offers the Wedding Protector Plan||Starting at $160|
|WedSafe||Customer Service||Free quotes offered online|
|Wedsure||Coverage Limits||Starting at $95|
Table: Top 6 Best Wedding Insurance Comparison | Above list is sorted alphabetically
Detailed Overview: What Can Wedding Event Insurance Cover?
When you are getting married, there are constant stressors. You’re worried if more people will RSVP “yes” than the venue can hold, or whether or not the image you had for the centerpieces will actually come together on the big day. Worrying about costly expenses or losing out on your wedding day isn’t something that you should worry about.
That is why there is wedding insurance that can help put you at peace. You can often find cheap wedding insurance, which makes the decision even easier. However, it is important to know what is and what is not covered by the wedding insurance cost that you pay.
When you are looking at wedding insurance, most basic policies can cover the following:
- Weather: If for any weather-related reason the bride, groom, any essential relative, or a majority of the guests cannot get to the venue, insurance will cover this. That means food, venue rental, and even ceremony flowers will be reimbursed.
- Vendor No-Show: If a vendor, from the limo driver to the caterer, fails to show up for your wedding, policies generally cover cancellation or postponement of the wedding.
- Venue: You always want to double check that your wedding venue is insured if they are for any reason unable to accommodate your wedding on the agreed upon day, but if they are not, wedding event insurance will cover the costs.
- Sickness or Injury: If the groom, bride, or anyone else who is essential to the wedding becomes ill or injured, wedding event insurance can cover the cost of cancellation or postponement.
- Job or Military Reassignments: If the bride or groom is either deployed by the military last minute or relocated due to a major business relocation, wedding policies may also cover the costs of postponing the wedding. This is essential for those in the military, especially in active duty.
You’ll notice from the list above that not all things are covered by basic plans. Thankfully, additional coverage can also be purchased to cover things such as:
- Personal Liability
When you compare wedding insurance, it is important to consider what coverage you want. One option might seem like cheap wedding insurance, but when you add in additional coverage, the wedding insurance cost can quickly escalate. It is important to know where your biggest expenses lie and to assess the possibility of events happening.
Image Source: Pixabay
For example, if you’re not planning a honeymoon right away, don’t purchase honeymoon liability. If you’re getting married in a casual ceremony on the beach, you might not need to purchase additional clothing coverage if everything can be replaced easily and cheaply.
Like any type of insurance, weigh the risk and probability associated with different coverages and choose accordingly.
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Detailed Review – Top Ranking Best Wedding Insurance Comparison
Below, please find the detailed review of each cheap wedding insurance option on our list of wedding insurance reviews. We have highlighted some of the factors that allowed these wedding insurance providers to score so highly in our selection ranking.
Markel is a wedding insurance policy provider that will certainly come up when doing a wedding insurance comparison. They understand that you want to relax on your big day, which is why they handle the financial and legal aspects of insurance.
Their wedding liability insurance protects you if anyone causes property damage to a venue or if someone is injured. Their policies start at as little as $75, and you can get up to $2 million in coverage.
Markel also offers wedding cancellation insurance, which you can get for as low as $130. This will cover you for extreme weather, vendor bankruptcy, military deployment, and as usual, accident or illness.
Markel might be one of the best providers you will find when doing your wedding insurance comparison. As a bonus, they also offer a 15% discount if you purchase both wedding liability and wedding cancellation insurance.
Nationwide, the well-known insurance provider, also offers you the chance to grab a wedding insurance policy. The insurance mogul offers both wedding cancellation and wedding liability insurance, which gives you options.
The wedding cancellation insurance is a nice wedding insurance policy that offers protection again canceling or rescheduling a wedding, but it also covers additional things as well. This wedding insurance policy can be purchased up to 15 days in advance of your wedding, and it covers rehearsal dinner, lost deposits due to vendor bankruptcy, and more.
The wedding liability coverage offered by Nationwide covers both you and your venue, and you can actually have a Certificate of Insurance mailed directly to your chosen venue.
The only drawback to Nationwide is that you cannot get a quote right online. You will need to contact a Nationwide agent to complete your wedding insurance comparison.
Progressive is another provider that you can obtain wedding insurance through. They offer Progressive Advantage® Wedding and Event Insurance provided through Event Helper, Inc.
Through Progressive and Event Helper, you can actually get wedding insurance for as little as $66 in most states. As an added bonus, you can also get 5% off of your wedding insurance policy if you purchase through Progressive.
The insurance behemoth offers event cancellation, special coverages, and even event liability insurance. The great thing about this wedding insurance provider is that you can build your own policy and select the coverage that you need.
Progressive is definitely an insurance provider to consider when you are going through your wedding insurance comparison. With low rates and variable coverage, you pay for just what you want and need.
Your plan can cover any of the following, including cancellation or postponement, additional expenses, special jewelry, lost deposits, and even wedding photographs and video. Their wedding insurance can help you rest easy on your big day.
If you are looking for coverage in certain states, the Wedding Protector Plan® offers coverage for your wedding reception, wedding ceremony, and even your rehearsal dinner.
If you are looking for a wedding insurance policy that is backed by a major insurer, Travelers might be one to consider.
WedSafe is another wedding insurance provider that offers both wedding liability insurance and wedding cancellation insurance. With coverage limits up to $5,000,000, you can rest assured that your wedding day will be covered.
When it comes to wedding liability coverage, WedSafe offers some of the best. The coverage is affordable, and it will protect you and the venue in the event of injury or property damage. There is also protection against alcohol-related incidents, which could come in handy for most weddings.
As far as wedding cancellation insurance, WedSafe offers strong wedding insurance policies as well. It covers severe weather, sudden illness and lost deposits. You can also purchase additional coverage for stolen gifts and even damaged videos and photos.
If you want to be able to relax on your wedding day – as much as possible – then consider Wedsure throughout your wedding insurance comparison.
For as little as $95, you can have your rehearsal, rehearsal dinner, reception, and wedding ceremony covered by the wedding insurance policy offered by Wedsure. They offer both liability insurance and cancellation/postponement insurance.
If you need extra coverage that isn’t listed in the standard plans, Wedsure also offers additional coverages for purchase, such as loss of deposits, jewelry, gifts, special attire, and even professional counseling. To get a quote, you can just check out their website.
If you want to be able to choose from a variety of coverage options and still obtain cheap wedding insurance, then Wedsure might be a provider to consider.
Conclusion – Top 6 Best Wedding Insurance Providers
Like any type of insurance policy, it is important to understand what you are getting when you purchase a wedding insurance policy. You need to be sure to take into consideration the likelihood of things escalating or falling apart on your wedding day, and weigh it against the costs to fix any issues.
Certain coverages are more important to have than others, considering the season, location, size, and luxury level of your wedding. That being said, it is always nice to know that your investment is protected, especially if you are investing tens of thousands of dollars into a wedding.
Image Source: Pexels
When you are going about your wedding insurance comparison, it is important to work your way through the process logically. Ask yourself the following questions as you complete your wedding insurance comparison:
- How much money do you have invested in your wedding?
- How likely are travel or weather issues to have an impact on your wedding?
- Is your venue insured, or do you need additional venue insurance?
- What type of additional coverage might you need?
Be sure to go into your wedding insurance comparison process with a strong idea of what you need and what you are willing to pay for it. Hopefully, you never need to use the insurance that you purchase, but you can rest easy knowing that it is there for you.
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Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.
Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.