When to buy wedding insurance – a guide
When planning your big day taking out suitable wedding insurance is important to protect yourselves if anything goes wrong. This can vary from damage to the wedding dress to a requirement to cancel the big day altogether.
But how far in advance should you buy wedding insurance?
The answer to that is simple, as early as possible.
Deposits paid? Take out insurance
As soon as you and your partner start paying deposits for venues and services you open yourself up to risks. What happens if the catering firm goes bust? What is the situation if the venue is inaccessible due to bad weather? With insurance in place from the outset you give yourselves the biggest possible window of cover.
The only thing to note about buying ‘as early as possible’ is that most insurance providers will only let you buy more than two years in advance. So, if you are super organised and are planning a wedding further in the future, it might be wise to hold back paying deposits and booking suppliers if possible. Otherwise, you will have no cover if something were to go wrong in the meantime.
If you have already paid a large number of deposits and have not yet purchased insurance cover, fear not. Your insurance will cover all of the deposits you have previously paid, so long as you know of no reason that could lead to a claim when taking out your policy.
It’s never too late
You can never leave it too late to purchase wedding insurance either. At Protectivity we allow couples to purchase right up to their big day itself. This is particularly useful in protecting yourself against the failure of suppliers. For example if your photographer was a no-show, and providing liability cover in case of damaged caused to the venue on the day itself, you’d be protected.
Knowing when to buy wedding insurance is straightforward. Once you start paying deposits you should look into covering yourselves against the plethora of things that can go wrong in the meantime.
This provides you with the peace of mind to plan your wedding knowing you’re covered.