Your wedding is likely the most special day of your life, and you want things to go off without a hitch. However, sometimes, even the most carefully-planned weddings come with accidents.
Wedding insurance may come in handy. Most wedding policies come with liability coverage. Should an accident occur, a wedding party may need to tap into this coverage to help them avoid monetary loss.
How Does Wedding Liability Coverage Work?
Certainly, wedding parties don’t want to be responsible for accidents. But, you can’t prevent every accident all the time. That’s where wedding liability insurance can help.
Whenever a wedding party rents a venue, buys the supplies or invites guests into a space, they place a risk on the wedding. Should damages occur, they might now owe a debt because of the accident. Liability insurance may cover the debt a wedding party owes third parties.
- Property Coverage: There’s a chance that the wedding party could damage the venue’s property. Property coverage might help the party pay for damages to various venues. Be diligent when getting this coverage. Many venues require certain limits before they rent to wedding parties.
- Bodily Injury Coverage: Weddings involve more than just the bride and groom. Guests, members of the party and professional staff all face injury or illness risks. If someone sustains an injury from a wedding, the policyholder might use bodily injury coverage to protect the party.
- Liquor Liability Coverage: Liquor liability comes as a specialized element of wedding insurance. Liquor consumption poses specialized risks that may lead to injuries or property damage. When serving liquor at your wedding, invest in this coverage.
Furthermore, certain policies may cover cancellation risks. However, each policy governs cancellations extremely specifically. Cancellation coverage may only work so long as the cancellation was unavoidable and unpreventable. Often, certain instances of cancellation do not have coverage.
For example, the death or injury of the prospective bride or groom may necessitate cancellation. In this case, cancellation liability coverage may kick in. It may help the wedding party settle outstanding debts and return certain favors. However, simply calling off the wedding may not qualify for coverage. It all depends on whether the policy covers a broken engagement.
When you start to look for wedding liability coverage, keep in mind that you need to cover not only your own risks, but the risks of others as well. Get coverage that adequately reflects the cost risks that you face.
We’ve got you covered. Call Bene-Marc, Inc. today to get a fast, free wedding insurance quote.