It’s common for brides and grooms to worry about all of the potential things that could go wrong on their wedding day. A wedding liability insurance policy can give couples piece of mind so they can concentrate on making sure the day is a fun celebration.
Basic wedding insurance policies include coverage for things like lost attire or sudden illness that requires postponement, but wedding liability insurance offers further protection to the bride and groom as hosts of the event. A wedding liability insurance policy will provide protection in the event of bodily injury, personal injury, or property damage.
The personal liability component covers such scenarios as guests contracting food poisoning or tripping and injuring themselves. The property damage element protects against any accidents that cause damage to the building or contents of the building where the reception is being held. According to Kenneth Anspach, a lawyer specializing in insurance, “Liability is being subjected to having to be legally responsible for another’s loss or injury or pay money damages to that person. Those are all the reasons why you would need insurance.”
If you are having your wedding at a venue and not your personal property, the facility will generally require you to have between $1 million and $2 million in liability coverage. Sometimes the venue already has an insurance company in mind that they’d like you to use, so make sure to speak with your facility representative.
If you are having your wedding on your family property, liability insurance is also a good idea. First, check with your homeowners or renters insurance to see if you will have protection against damage or theft, and if it applies to wedding events. A rider may need to be added for bodily injury and/or large-scale property damage for a one-day occasion. Or, you may go through a different wedding insurer.
The cost between carriers offering wedding liability insurance is fairly minimal. Most require a small deductible for the basic policy and a larger deductible (around $1,000) for the property damage component. On average, a $1 million policy will require a premium payment between $200 and $500. It is recommended that you choose enough coverage to protect you against a loss for the worst-case scenario. Just be sure to check with your insurance agent regarding what is and isn’t covered.
Do not be lulled into thinking that “It can’t happen to me.” You never know what might happen on your wedding day, and some things are completely out of your hands. As much as you don’t want to think about a disaster happening on your special day, someone may trip and fall, accidentally break a window at the venue, or any number of mishaps.
A local independent insurance agent can help brides and grooms craft a wedding liability insurance plan to give them complete coverage for their special day. With so much to consider when planning a wedding, it’s a good idea to seek advice from an insurance expert to make the decision about wedding liability insurance a breeze.
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