The most common type of Wedding Insurance is Wedding Liability Insurance. This is often required by the venue to protect the wedding couple in case of claims resulting from property damage or injury that occur during the event.
There are a few types of Wedding Insurance policies that you could look into to protect you on your big day. But, it is very rare that any policy will cover cancelled wedding expenses due to change of mind or cold feet.
For most weddings where alcohol is served or sold by a caterer, professional bartender or the venue, those professionals need their own liability insurance coverage for the sale or service of alcohol. The wedding couple’s Wedding Liability Insurance should include Host Liquor Liability whether served by others, given away or BYOB.
The purpose of Wedding Liability Insurance is to protect you if you or your event causes damage or injury. Otherwise, you may be personally responsible and nobody wants a marriage to start out with that kind of financial burden. Usually required by the venue, but a good idea regardless.
Wedding Liability Insurance protects you from the financial burden you could be faced with if your wedding causes injury or damage. The simple act of putting up lights could cause wall damage. Or an accidental wine spill could cause your Aunt to take a spill and injure her wrist.
Wedding Liability Insurance can start as low as $66 for a small wedding. A large wedding at a high-end venue requiring additional coverage could be up to $300. In the unlikely event of a claim, there could be a deductible.