Wedding Insurance - say

Wedding insuance. Many couples ask whether or not they should purchase wedding insurance. In my opinion the answer should be an unequivocal "Yes." According to TheWeddingReport.com the average cost of a wedding today is more than $26,000. That's more than some people pay for a car.

You wouldn't purchase a brand new car and not insure it, would you? It just makes sense, then, to purchase a wedding insurance policy that will cover many of your wedding costs if you need to postpone or cancel the ceremony and reception. This type of wedding insurance is crucial especially if your cost of rescheduling the wedding will be very high.

Many couples overlook wedding insurance when planning a wedding because they don't believe they will need it. After all, there is nothing romantic or exciting about wedding insurance and what could possibly go wrong. If you were to ask couples who had their wedding and reception planned in New Orleans before Hurricane Katrina hit, what advice do you think they would give you.

Now a hurricane is an extreme weather condition, but wedding insurance provides coverage for just such a weather event. Wedding insurance, however, will not cover postponement of your wedding due to a rainy day.Once you've selected your vendors and submitted your deposits, you have made a serious investment.

Wedding insurance protects your investment throughout the planning process, and the event itself. Consider these events that are covered in your wedding insurance policy.

*the caterer or your reception venue closes down

*your wedding photographs are damaged or lost

*a family or wedding party member is injured, becomes ill or dies

*lost or stolen wedding rings*

*your wedding attire (if your dress is damaged or fails to arrive) Sorry kids, you're out of luck if either of you get cold feet.

Changing your mind at the last minute is not covered by wedding insurance.Just like any other type of insurance, you can purchase wedding insurance in a number of different policies.

When compared to the cost of the event itself, wedding insurance is relatively inexpensive and as important to your special day as your bridal gown, cake and flowers. Whether you are having a destination wedding or a large wedding in your home town it is a good idea to purchase insurance for your wedding and a small price to pay for peace of mind.

*Financial adviser, Suze Orman has this advice regarding insuring your rings:"Your smartest move is to insure the ring through a floater/rider to your existing homeowner's or renter's insurance policy.

Don't assume that your policy's existing jewelry coverage is good enough. Typically this covers you only if the ring is stolen. By adding coverage through a floater/rider, you will be covered for all risks. If you lose the ring or it's lost in a fire, flood, or other calamity, your policy will kick in. You'll even be covered if the stone falls out and is lost.".By: Sheilah marshall