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The 6 best wedding insurance companies for 2020

best wedding insurance companies

Your wedding is your big day, and you will probably remember it all your life. With that in mind, many couples choose to "grow old" to choose a wedding, a wedding dress, and one according to the 27,000 couples surveyed in The Knot.

If you plan to buy more than tens of thousands of dollars for your dream wedding, or maybe more than that, it makes sense to buy insurance that can make up for it if parts of your wedding don't go as planned, or also if the event needs to be canceled or postpone. You'll need to make great notes and even take photos of your losses if you need to file a claim, but we'll go over all the information you'll need later in this guide.

Although the idea of ​​"wedding insurance" could be a new idea if you have not had this type of event before, we can assure you that this coverage is not only common, but also necessary. We have compared the eight most famous wedding insurance companies to help demystify this unusual insurance product and help you choose a product that suits your needs and protects your expenses on your big day.

The best wedding insurance companies for 2020

  1. Wedsure: the best comprehensive wedding insurance coverage
  2. Traveler Wedding Protection Plan - The Best Destination Wedding Insurance
  3. EWed Insurance: faster subscription
  4. EventHelper: Best Bridal Insurance Customer Service
  5. WedSafe: the best for insurance certificates
  6. Markel Insurance: the best liability coverage

The best comprehensive wedding insurance coverage: Wedsure

What we love
  • You can use Wedsure for some weddings outside the United States
  • Heart cover change available

What we don't like
  • You must complete a request for a free quote

Although Wedsure was not established until 2011, this company was backed by Allianz Insurance, a leading global insurance company with stable financial stability ratings from Moody's and A.M. Best.3 Wedsure offers two main types of wedding coverage: liability and cancellation coverage, but also provides optional additional coverage for jewelry and gifts, weather, special clothing, loss of deposit and more.

The price of Wedsure coverage varies, depending on the type of plan and any additional coverage you choose. However, you can request a quote in minutes and buy a policy online. Your wedding cancellation coverage starts at $ 125 and provides compensation for covered wedding expenses if illness, bad weather, and other negative events ruin your big day.
Bridal liability insurance

Note that you can use Wedsure for weddings outside the United States, but a limited number of countries are included.5 Interestingly, this provider offers "change of heart" insurance coverage as an addition, allowing you to take advantage of your policy if the bride or groom feels cold feet. .

Best Destination Wedding Insurance: The Traveler Protective Plan Wedding

What we love
  • This provider issues policies in a wide range of international destinations.
  • Design your policy to meet your needs.
  • Get a free quote online
  • Some types of coverage cannot be deducted
What we don't like
  • Not available in all states
Passenger is one of the largest providers of property and casualty insurance in the United States, and is backed by Moody's and A.M. 6's solid ratings. Best in Financial Strength. While travelers offer other types of insurance, they have a unique wedding insurance plan known as a protective wedding plan.

There are three main components of wedding protection with your plans, and you can customize your protection according to your needs. It provides wedding cancellation insurance, liability coverage, and jewelry insurance.7 However, you can also purchase additional coverage for wedding-related events, such as showering at your wedding, engagement party, or wedding lunch.

The Wedding Protector plan is not available to residents of Hawaii, Alaska, and Louisiana, although it is still a good option for weddings at specific destinations. According to the company, you can purchase wedding insurance coverage for locations in the United States. Their lands and possessions along with Puerto Rico, Canada, the United Kingdom, Bermuda, Bahamas, Turks, Caicos and the Caribbean Islands (with the exception of Cuba and Haiti). You can also purchase wedding insurance for cruises departing from the United States or one of the above destinations.

The amount of coverage you can buy will depend on the coverage you choose, the total amount you spent, and as a result, the price of the wedding insurance policy will vary. However, you should be aware that your basic coverage and liability coverage are not discounted, which means that any compensated loss will start with the first dollar.

The fastest subscription: online insurance

What we love
  • Quick subscription
  • Plans start at $ 105
  • Purchase of coverage liability until the day before your event
What we don't like
  • Limited options for destination weddings
While eWed Insurance may not be a household name, this company provides insurance through the Houston Casualty Company, which has an A.M. Best A ++ for financial strength 9. This company offers two types of wedding insurance plans: marriage cancellation, postponement insurance, and liability coverage. They guarantee that your location will accept your coverage, or refund your money, and do not need a discount for cancellation and postponement of claims.

You can buy liability insurance at any time up to one day before the event date, which means that subscription to these plans is very fast. Wedding insurance plans also start at just $ 105, though you'll pay more for higher limits and additional coverage options.

It should be noted that while this coverage is available for weddings and clients in the United States, coverage options are limited elsewhere. Cancellation coverage is only valid in the United States, Puerto Rico, the United States Virgin Islands, Guam, American Samoa and the Northern Mariana Islands, for example. Meanwhile, liability coverage applies only to weddings and weddings taking place in the United States. Province.

Best Wedding Insurance Customer Service: EventHelper

What we love
  • Request a free online quote
  • Strong reputation for customer service.
  • Design your policy to meet your needs.
What we don't like
  • The cheapest plans are for basic weddings, and prices go up from there
  • May not provide enough coverage for expensive weddings
EventHelper12 This company allows you to buy civil and minor liability insurance, wedding cancellation insurance, other specialized coverage for clothing, gifts and more against damage or theft.

Your wedding insurance can cost as little as $ 66 to get the minimum coverage, and you can customize your coverage to ensure that your policy meets your needs. However, you should be aware that the price of your insurance policy will increase based on the value of the wedding you want to insure and any additions you want your policy to cover. You can also get a quote from EventHelper through Progressive online, or by completing an online form.

As a side note, you should be aware that you can purchase insurance directly through EventHelper, which is backed by Evanston Insurance and Lloyd's of London.14 In both cases, the coverage limits for your policy will vary, as will the total cost, depending on the types of coverage you choose to buy. However, EventHelper doesn't offer more than $ 3,000,000 in full coverage, so it might not be perfect for fairytale events.

EventHelper is known for its excellent customer service, and it turns out that 82.7% of former customers will recommend it to a colleague or friend. It only takes 5 to 10 minutes to buy a policy online, and the entire process does not require paper. In a rare case where your policy does not meet your site requirements, EventHelper also promises to refund the policy in full.

The best insurance certificates: WedSafe

What we love
  • Get 15% discount on two main types of coverage at the same time
  • Purchase of coverage liability until the day before your event
  • The company has been present since 1999
What we don't like
  • You must request a quote to view prices online.
WedSafe has been in existence since 1999. The insurance products offered through WedSafe are backed by Nationwide Insurance, a Fortune 100 company with strong financial security ratings from A.M. Best plus Standard & Poors. 15. While you will need complete information about your wedding date to get a free estimate, WedSafe promises that its policies can protect you in the event that part of your wedding fails, resulting in financial loss.

Like other service providers in this space, WedSafe offers two main types of wedding insurance coverage: wedding liability insurance, wedding cancellation, and postponement. You can get an instant quote online for the types of insurance you need for your big day, and you can get a 15% discount if you buy both cancellation coverage and liability coverage for a wedding at the same time.

With liability coverage, you will get liability coverage for injuries plus property damage and coverage is essential, 17 which means you will be compensated before any other type of insurance you have. Meanwhile, wedding cancellation coverage includes provisions related to severe weather, sudden illness, vendor bankruptcies, and more.

With WedSafe, you can purchase liability insurance coverage at any time up to the day before your event. Also, the insurance certificate for all your coverage can be sent directly to your place by mail or email, leaving you completely out of the equation. WedSafe offers personalized customer service and support, and even offers policy forms that you can view online.

Why do you need wedding insurance?

While it is easy to think that wedding insurance is only for conditions such as severe weather, strange accidents, or illness, there are many important reasons to buy this coverage. First, many places require the purchase of liability coverage to protect themselves from injuries and damages that may occur during the event. If you don't buy wedding liability insurance, you may have a limited number of places to choose from.

With an average wedding of over $ 30,000.21, it's also easy to hope for the best but plan for the worst. Liability coverage for weddings can be provided today if someone is injured during the event and knocks on your door to help cover your medical bills.

If you plan to serve alcohol at your event, you will need to make sure to purchase an alcoholic beverage liability policy, which protects you from accidental damage or alcohol-related injury.17 On the other hand, cancellation coverage can protect you against a set of Situations You Can Never Plan For: Sudden and Severe Weather, Vendor Bankruptcy, Wedding Bridal Runoff Overnight, and more.

Without wedding insurance, you will be caught up in handling the financial losses from any of these events without any financial support, all of which should be one of the happiest events of your life.

Risks and typical risks of the wedding.

While we have mentioned that some wedding insurance risks may protect you, there are many situations in which wedding insurance can be provided today, and your financial investments. While each policy lists its own risks and exclusions, here are some typical wedding obligations and risks you should plan for:

  • Problems with wedding vendors, including financial bankruptcy
  • Injury or illness before the event.
  • Severe weather
  • Property damage during the event
  • Lost and stolen gifts
  • The wedding dress is damaged.
  • Delay of military deployment
  • Alcohol liability for protection against alcohol-related accidents and injuries.
  • Deposit loss
  • Food poisoning at the event
  • The seller does not appear
  • Loss of work

Some examples of common wedding accidents include:

  • The wedding venue becomes inaccessible due to smoke damage from forest fires a few days before the event.
  • Your mother had a heart attack the night before your wedding.
  • DJ is bringing a programming error to her wedding and is not showing up at her event.
  • An older guest takes a trip to the wedding decor at the event and demands it for medical expenses.
  • Your ring holder loses his wedding ring before the ceremony, and will never find it.

It is interesting that WedSafe provides information on the most important claims they made in 2019. These include:

  • Cancellation (38%)
  • Property damage (23%)
  • Injuries and accidents (18%)
  • Seller problems (16%)
  • Theft (5%)

Can wedding insurance cover coronavirus concerns (COVID-19)?

If you want to buy a wedding insurance that protects you from losses if the coronavirus forces you to reschedule or cancel your event, you should know that the wedding insurance does not cover the potential problems you know before buying the insurance policy. Since WedSafe boldly lists it on its home page, its policies contain an exception for "Any circumstance known to you or your supervisor on the release date may lead to cancellation."

According to the coronavirus notification page on its website, eWed Insurance also states that "Claims due to known, expected or expected events, epidemics, or fear that an event is not generally covered."

In short, you don't have to buy wedding insurance to protect yourself against coronavirus, just as you can't buy car insurance after having an accident. Wedding insurance can protect against a wide range of risks, but the epidemic is not one of them.

Typical wedding insurance exceptions

If you look at a sample of our wedding insurance cancellation policy, you will find that an infinite number of exceptions may apply. Like epidemics and other pre-existing situations that may cause its cancellation, other standard exceptions are excluded for lack of funds, ban on events by local law, voluntary delay without a covered cause, weather conditions that are not severe or off-limits. common, and more.

With covered coverage, on the other hand, exemplary exceptions include events not related to weddings, nuclear or material damage, intentional injury, pollution damage, damage from aircraft, seaplanes, or automobiles, and physical injuries caused by war.

At the end of the day, policy entries and exceptions can vary greatly from policy to policy, and the devil is in the details. You should read any policy you are considering to know for sure what is included and what is not, as well as any special circumstances that may void your coverage. Also note that many bridal insurance companies allow you to add additional coverage to the risks and items that are not included in your traditional policies, and that may provide you with an alternative way to get the comprehensive wedding insurance coverage you want.

How much should you expect to pay for wedding insurance?

While some wedding insurance providers advertise policies for $ 60, keep in mind that this is for a very basic level of coverage. The amount you pay depends on a combination of factors, including the number of people attending your event, the duration of the event, and the types of coverage you buy. In the meantime, you'll pay a premium for wedding insurance coverage with higher limits that may be necessary if you spend far more than the average on the venue, food, and other components of your wedding that are aimed at achieving great success.

For example, Progressive notes that a large wedding with 5,000 guests can cost up to $ 1,500 for insurance. This may seem like a lot of money, and it is, but the financial losses that can occur from cancellation or damage caused by a wedding of this size can easily add many multiples of this amount.

How to File a Wedding Insurance Claim

Most wedding insurance providers allow you to start a claim over the phone or using a form on their website. As each claim is different, it must be evaluated individually.

As you prepare to file a claim, you should expect to provide information such as an estimate of the damage or loss you have incurred or the cause of the cancellation, as well as photos and receipts that help improve your claim. Your wedding insurance company will conduct an investigation, and your claim must be paid immediately thereafter, and we wait within 7-10 business days.

To speed up the process, you can be sure to have all the information you need. This means gathering your policy number, date, time, and place of loss or damage, a written description of the claim, photos that prove your claim, receipts that correspond to your request, and other items that can help your case. to prepare when a file is submitted.

How do we choose wedding insurance companies to rank us?

Because we just wanted to include the best wedding insurance companies in our ranking, we compared companies based on the most important factors affecting consumers. The elements that we gave greater weight to include client comments and financial strength ratings from external agencies included coverage and exceptions, and the ability to customize each policy.

We also look for the wedding insurance coverage that is offered at the country level, or almost at the country level, as well as policies that apply to the largest number of international destinations when possible. Other factors we analyzed included transparency on the company's website and the company's reputation for excellence in customer service.