The average wedding costs $28,000, according to The Knot's 2021 Real Weddings Study. You may worry more about losing money when writing deposit checks.

Wedding insurance is a type of special event insurance that assists wedding hosts in recouping financial losses if something goes wrong on the big day.

According to The Knot, the average engaged couple in 2021 hired 14 vendors for their weddings, and 49% spent more than they had budgeted.

No matter how much money you have set aside for your wedding, purchasing wedding insurance is a smart way to safeguard the money you've already spent.

There are primarily two categories of coverage available for wedding insurance: liability and cancellation.

What Does Wedding Insurance Cover?

Depending on the insurance company, your location, and the policy details you select, each of these coverage types protects against a variety of wedding mishaps.

Wedding liability insurance

Most wedding insurance policies include liability coverage, which covers things like accidental injuries and property damage for which the couple could be held liable.

Assume the cutest flower girl in the world trips and knocks over the unity candle display, igniting the surroundings.

If your wedding insurance covers liquor liability, as most do, and your maid of honour becomes tipsy and falls into a candle display, insurance can cover injuries and damages.

The day of your dream outdoor beach wedding is approaching. Unfortunately, news of an impending tropical storm is as well.

Wedding cancellation and postponement

Wedding cancellation and postponement insurance can reimburse you for non-refundable deposits that you would otherwise lose if your wedding is cancelled or delayed.