There are uncountable weddings that got cancelled or postponed because of this Covid-19 pandemic and the worst part about it that we are all clueless till when they would be delayed. We are all stuck in this situation and figuring out how things can be done in a proper way after this lockdown. Though things are in a fix and that hard-earned money used to pay advances for the wedding bookings seems to be lost. For situations like these, there is wedding insurance. Though this wedding insurance is a thing of the west and the couples do swear by it. As it’s a new thing in India, therefore, you must be aware of it.

Here is a little knowledge for you acquainting you with all the insurance policies. This could be helpful for you and you can consider it if you are planning to get married later this year or even the next year.

 

 

Starting with, what is it?

 

We all would agree to the fact that planning a wedding is one of the most emotional and stressful tasks of someone’s life. Above all, it is a huge financial investment. Starting from all the bookings such as venues, outfits, décor, catering, invites and almost everything requires a huge amount. Getting that wedding insurance will be a cover for the big day- which could happen due to any unforeseen circumstance like the one we are facing now.

 

 

Is it really required?

 

This really depends upon your choice, which surely is now inclined towards taking it. This COVID-19 situation must be giving you a second thought about your money. If you are planning an intimate wedding at your home, and you already covered with personal health insurance, a household policy or accidental policy the wedding one is not required. On the other hand, in the cases of big fat Indian weddings, then you should definitely consider wedding insurance. Usually, people go for getting their wedding jewellery or their engagement ring insured, but you can also go for something specific such as wedding venue insurance or travellers wedding insurance

 

 

What all things are covered in the cover?

 

In most of the cases, these wedding insurance plans are customised that can include all the specific risks such as cancellation or postponement of the wedding due to unforeseen circumstances, such as an accident involving the bride or the groom or any of the blood relatives resulting in hospitalisation, death, burglary, fire, and any of the natural calamities. The best part of it is that the plan can be tweaked and you can also see what do they have to offer in lieu of Coronavirus-related cancellations.

 

 

How much does it cost?

 

While talking about the prices of these insurance plans, these can be customised as per the requirement and the sum they choose to insure. You must also be aware of the fact that the premium is usually calculated on the basis of location, venue, décor, the number of days or events and the number of guests. Typically, it could cost 1% of the overall cost of the sum assured.

 

 

How to get your wedding insured?

 

All you need to do is contact a wedding insurance company. In India, all the popular companies offer it such as Bajaj Allianz, Future Generali, ICICI Lombard, Oriental Insurance and National Insurance.

 

 

Are there any things to keep in mind?

 

Always, we repeat always read all the terms and conditions before you sign the dotted line and make the payment. If you are going for insuring the wedding, then make sure to keep proof of your expense, which does come handy later. Also, keep all the documents ready such as bills, address proofs, so that all the transactions and communications are transparent.

 

 

We hope this will help you go through this insurance thing smoothly!