With wedding planning service for many couples who marry this year without a doubt, the wedding dresses of the wedding invitations and ceremonies of the best in "do" list, but what about insurance coverage, if anything goes wrong marriage?
Wedding Insurance
Of course, the venue of the wedding, I ask you, what is your wedding dress will be like the wedding rings and wedding photographer, in fact, are essential for your big day and sits at the top of your wedding list.
As an independent financial research Defaqto suggests that it is important to note that the host of the best wedding insurance to cover the big day.
Maybe not what you think, but unfortunately there are many things that can go wrong.
The venue for weddings can go bankrupt, unexpected redundancy means that the marriage should be postponed for financial reasons, or may fail for the big day, traders may not have the supply of equipment or the photographer.
There are strong differences in the characteristics and the coverage that offers 101 different types of insurance products available to wedding day.
The limit for the annulment of marriage varies from only £ 2,500 to £ 70,000, which supply 37% of the policies, the supply of 25,000 pounds or more
Only 9% of the policy to pay all costs of the reorganization of the marriage, most pay only 50% or 75% of the cost
Only 14% of the measures for securing to the fact that some providers offer, such as wedding caterers, what you are paid. Another 80% of the measures, the supply in case of default by the supplier, such as for example, offer bankruptcy or liquidation.
Mike Powell, an analyst at Defaqto search for General Insurance, said: "Every situation and plans are different, they should ensure the consumer that the features, benefits and coverage levels required by the insurance provided the wedding of your choice.
Offer to "help our Stars (1-5) people to compare different policies, an independent assessment of the integrity of the various insurance policies in the wedding market. The key is that people who have the level right product for their particular circumstances. "
With the help of Defaqto, here are some key elements that belong in the examination of options for wedding insurance:
What is the level of undo and make fleet renewal costs are covered?
What is the level of coverage, if a marriage annulled because one or both partners to be released?
How to deliver the policy when the coverage of weddings is canceled in the administration and the reservation?
What is covered if one of the suppliers, such as catering, entertainment or car company of the wedding dress, leaving the company?
Money High Street, says: "With the average wedding costs about £ 20,000, it is surprising that about three-quarters of the marriages are not covered if it is so much money on a car painting or may have invested a couple of antique furniture, ensure dass without thinking.
So you really need to apply to the purchase of wedding insurance.
"Do not let the rising cost of wedding insurance that is unmatched prices and find a good insurance from insurers that specialize in weddings. Are John Lewis, Debenhams and Wedding Plan a good place to start also cover ceremonies and civil partnership." .
"As with all insurance, you need a policy that meets your needs and not simply choose the best buy on sale."
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