Weddings cost a pretty penny, and even with the most careful planning, unforeseen expenses can still arise. That’s why wedding insurance is a smart investment to protect yourself from financial loss if something goes wrong.
But with so many different wedding insurance policies available, it can be tricky to know what you need.
I Do Insure‘s product is tailor made to suit any budget and has been fine-tuned with years of experience within the wedding industry, with an excellent reputation for customer service and flexible policy and payment options.
Here are some essential do’s and don’ts for choosing a wedding insurance plan that’s right for you.
Do Your Homework
The first step is doing thorough research to find a policy that meets your needs.
Things you should consider include:
- The cost – Premiums vary widely so compare multiple options.
I Do Insure offers packages starting from R917.67/month over 6 months for weddings up to R100,000 in value, to R3366.66/month over 6 months for weddings over R1,000,000 in value.
- The coverage limits – How much will the policy reimburse for different incidents?
Depending on your level of cover, I Do policies will pay out up to R1,000,000 against Wedding Event Cancellation, Curtailment and Rescheduling
- What’s excluded – Read the fine print to see what isn’t covered.
- The excess – The amount you pay out of pocket before insurance kicks in.
It’s worth noting that there is no excess payable on any I Do Insure policies.
- The claims process – How simple and straightforward is making a claim?
Do research online, talk to wedding vendors, and ask family and friends for recommendations. Gathering information will help you make an informed decision.
Shop Around
Once you’ve researched your options, get quotes from a few different insurers to compare costs, limits, exclusions, deductibles and claims procedures. Multiple quotes help ensure you’re getting the best deal.
Read The Fine Print Thoroughly
Before signing any contract, read the entire policy to verify you understand exactly what is and isn’t covered. Clarify any aspects that seem vague or unclear. Take your time with this crucial step.
DID YOU KNOW?
All I Do Insure packages provide Silver Lining Cover, which pays out in the event of rain on your wedding day.
Don’t Wait To Buy
Wedding insurance is most affordable when purchased 9-12 months before your wedding, allowing time for comparison shopping and negotiating. The closer to the event, the harder it may be to get ideal coverage at a reasonable cost.
Don’t Assume
It’s important to note that wedding insurance is different from liability insurance offered by wedding venues.
Venue liability insurance typically only covers accidents that happen on the venue’s property and where the venue is negligent, whereas wedding insurance covers a broader range of unexpected events where you are seen to be negligent.
Speak Up If You Have Questions
Your insurer is there to help! Call them with any questions to ensure you understand your policy and have the coverage needed for your special day.
Following these strategies allows you to make an informed choice for insurance that provides essential financial protection tailored to your wedding budget and priorities.
Consider costs and benefits carefully, read fine print thoroughly, clarify any uncertainties, then relax and enjoy your big day knowing you’re covered for potential losses that could otherwise put a damper on celebrations.
