PROVIDED BY | BRITE CO. INSURANCE
THINGS TO INSURE AROUND YOUR ENGAGEMENT & WEDDING
With so many exciting things on your mind as you plan your proposal and wedding, you may not be thinking about insurance. But the reality is, having insurance for important items and events like your wedding rings, wedding ceremony, honeymoon, and more can make certain that your dream day has a happy ending — and isn’t interrupted by a financial disaster.
Here are the three types of insurance you’ll need for your engagement and wedding, the risks you can avoid when you purchase these comprehensive policies, and where you can buy the coverage you need.
ENGAGEMENT RING INSURANCE
When you have specialty jewelry insurance for your engagement ring, it allows you to replace or repair the ring at no cost to you if it’s ever lost, stolen, or accidentally damaged.
As soon as you get ready to pop the question, you should consider engagement ring insurance. Securing a policy is typically the responsibility of whoever purchases the ring, and this coverage should kick in as soon as possible after the purchase so your investment is protected from the moment you leave the store. Because, as the saying goes, anything could happen to it.
Say you’re planning to propose on a ski slope or while on a hike. You accidentally drop the ring and can’t find it. Or, maybe you can find the ring, but one of the prongs is bent or the gemstone is scratched.
In instances like these, if you have engagement ring insurance in place, you could get the ring fully repaired or replaced with one of equal value for free. That’s a way happier outcome than needing to fork over the money for a whole new ring or having to pay for costly repairs.
Beyond your engagement ring, you can also purchase specialized coverage for your wedding bands and any other wedding jewelry you’re planning to wear on the big day.
Wedding Event Insurance
Once you begin planning your wedding, event insurance can also protect you in two key ways: from financial liability related to property damage or personal injury that might occur at the ceremony or reception, and if you need to cancel the wedding or one of your vendors unexpectedly cancels on you.
The first type of insurance mentioned is called event liability insurance and, in fact, many wedding venues will require that you purchase it since it protects the venue, too. If you’re serving alcohol at your wedding, the venue will likely also request you add on host liquor liability coverage, ensuring you’re not financially liable for issues related to alcohol consumption.
The other type of protection is wedding cancellation insurance. While it’s not necessarily required by a vendor, it does give you peace of mind that, if you need to cancel your wedding due to weather, illness, etc., you can do so and recoup your investment. It will also refund your vendor deposits if, for example, a vendor were to go out of business and isn’t able to honor their contracted obligations
HONEYMOON INSURANCE
Honeymoon travel insurance will refund any of your non-refundable deposits if your honeymoon is delayed or interrupted due to reasons outside your control, and it may cover your expenses if you have a medical emergency during your time away.
Additionally, some travel insurance providers will offer “cancel for any reason” coverage, which allows you to cancel and rebook your trip later, at no extra cost, if you need to cancel for reasons outside of a policy’s normal limitations.
Once your vows are exchanged and the reception has wrapped up, make sure that the final part of your celebration is protected, too.
WHERE TO BUY INSURANCE FOR YOUR
ENGAGEMENT RINGS & WEDDING DAY
BriteCo is a popular pick for both specialized jewelry insurance and wedding insurance.
Getting an engagement ring insurance quote takes only a few minutes and it can be done entirely online, with annual premium rates starting at just 1% of your engagement ring’s value. That means if you purchased a $5,000 engagement ring, you could be paying as little as $50 per year for full coverage! Plus, there are no deductibles and coverage applies worldwide.
BriteCo’s liability and event cancellation insurance is similar, with rates starting at around $100 for full coverage, protecting your entire wedding day from rehearsal to clean-up. Want to find out more? Get your free, fast quote from BriteCo.
When purchasing honeymoon insurance, it’s ideal to go through an independent insurance policy, versus coverage that may be offered by an airline or similar travel provider. An independent policy often offers more reliable, comprehensive coverage.
XOXO, MET WED
