What does the wedding insurance cover? On this special date, couples hope that on their wedding day everything is in order and there are no unforeseen events, but this last idea is almost impossible because although we wish that when the day arrives the guests and the bride and groom end the day happy, to Sometimes some situations get out of control.
For example, the couple may have decided that their wedding will be on the beach, in those places the weather may change without prior notice and if there is a hurricane danger, the event will have to be canceled, and part of the investment cannot recuperate.
Data from the National Commission for the Defense of the User of Financial Services (Condusef) indicate that a minimum of one couple can spend around 108,583 pesos on their wedding celebration, which includes the purchase of an engagement ring, dress Dresses, Makeup, Groom Suit, Flowers, Photography, Event Room for 100 Guests, Cake, Band, and 14k Wedding Ring.
Hence, this investment has to be protected in some way and for this, wedding insurance is an ideal option to protect yourself in this situation and more.
What coverage can be found in wedding insurance?
One of the companies that offer this product is Primero Seguros, and according to its general conditions, the plans that can be contracted are the following:
Wedding cancellation
The insurer will indemnify the policyholder for the charges or deposits made by those celebrated in terms of transportation, food, waiters, equipment rental, music, flowers, travel reservations for the honeymoon, etc.
For this, the couple will have to offer a copy of all the vouchers of the expenses made in a maximum of ten days after the date in which the contracts of the service required for the celebration were signed.
There is a maximum amount to support, besides a deductible stipulated on the face of the policy could be charged.
Similarly, it is not superfluous to review the exclusions, as the insurer may not operate if the event was canceled because a person has broken the law or because one of the bride and groom decided to cancel the event.
Extra wedding expenses
In this case, it applies to extra expenses that have not been contemplated or anticipated, and that will have to be done to avoid canceling the event. These additional costs can be services, objects, or even locations. It is important to consider the sum insured for this coverage.
Photographs and Video for the wedding event
The insurer may indemnify professional fees once it has been agreed upon in a contract. But only in a couple of cases: the photographer or cameraman did not show up at the wedding or for direct damage from digital devices before the photographs were released.
So they could not solve damage to the equipment due to inclement weather or the photographer's failure to take photos of those celebrated and guests such as image errors or sound problems.
Wedding gifts are covered by insurance
At the wedding someone may steal or damage part of the gifts of the couple, this coverage can cover the loss of gifts for up to a period of seven calendar days before and after the day of the event.
In some cases, an act has to be drawn up for the insurance to proceed.
Grooms suit and dress
The couple's attire is protected by damages before and during the event. The cost of replacement and repair is compensated as long as the value at which said clothing was purchased is not exceeded. In the same way, the rent of the special outfit can be protected, if a new one cannot be purchased or the arrangements are not left for the wedding date.
There could be a depreciation at the time of compensating the purchase of the dress or suit. It is important to mention that the theft of the garments is very possibly not covered or if the damage has been caused by weather conditions.
Wedding jewelry
The insured will be compensated if the jewelry to be used at the wedding is damaged or lost during the event or seven days after the day of the celebration. In this case, the company can repair or indemnify the item but there will be a deductible, although the good news is that no depreciation will apply.
If the damage to the jewel is fully compensated, the insured may keep the remaining pieces.
But it does not cover the theft of jewelry if a complaint is not filed or if it was left in an unattended vehicle unless violence is applied abroad. Similarly, it does not support whether these pieces mysteriously disappeared.
Loss of deposits for the event
Deposits that are covered by the insurer are those related to transportation, waiter service, equipment rental, music, flowers, travel reservations for the honeymoon, wedding attire, photographs, videos, and food.
The company will back because of vendor default or because the company had to close before the wedding took place.
It is important to note that other companies can indemnify accidents and illnesses that occur during the event and cover the bride and groom and guests. Among other details that only comparing with other companies or service providers will be known.
Marriage insurance
In addition to securing the marriage feast, you should also think about protecting health and heritage. For this, these insurances can be of great help, even if there are only two:
Insurance of major medical expenses
It covers expenses for accidents and serious illnesses, and even covers pregnancy and childbirth. Family plans can be contracted so that all members of the household are protected against any illness. Some packages include dental and vision coverage.
It is common for a deductible and coinsurance to be charged in this insurance.
Spousal life insurance
Indemnifies with a sum insured in case the owner or spouse dies, in addition to covering funeral expenses. There is also educational coverage to ensure the future of their children's universities or plans with short and long-term savings to acquire assets or raise capital for retirement.
Home insurance
It covers structural and content damages to the property, whether due to weather events, fire, theft, etc. Some plans include backing for appliances, electronics, jewelry, and even money.
In addition to compensating in case of damaging the house of the neighbor or a third party for any modification made in the home, among other assistance such as carpentry, plumbing, or locksmith service.
Car insurance
In the case of acquiring a car with financing or cash, whether new or used, a policy of this type will help the couple to cover material damage from collisions or natural disasters that damage the car, in addition to theft of the car and medical expenses that are required by the traffic incident, among other road assistance.
But if the most basic and compulsory coverage is acquired, which is Civil Liability, it will only cover material and bodily damages that the driver causes to a third party.
Travel insurance
Whether for the honeymoon or the occasional getaway, travel insurance will assist in case of illness at the destination the couple visits. Depending on the contracted package, trip cancellation is also covered for any matter of force majeure; assists in the recovery of lost luggage at the airport, or offers a secured sum for essential items.
There are also packages with dental assistance, return tickets, among other overages.
These are some examples that a couple can hire, but there are more like those that include pets or motorcycles.
When choosing insurance, it is advisable to quote at least three companies, and to facilitate the process, online insurance compactors are a practical solution because they save time and money and even help couples choose the insurance that suits their needs. needs.
Similarly, Condusef has an insurance simulator for Medical Expenses, Life, Auto. In addition to offering the service evaluation of each of them in the Bureau of Financial Institutions, these ratings will help you choose the best option.
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