Thinking About Travel Insurance for Honeymoon

One of the best reasons for you to look into buying a travel insurance policy for your honeymoon is so you have peace of mind should anything go wrong on your trip. There are a number of different kinds of travel insurance policies, and the two of you need to decide which ones are right for your trip.

You can buy travel insurance through your travel agent or from an independent insurance agent. Here’s a brief rundown of the kinds of policies you may want to consider:

• Trip cancellation. Literally what it sounds like—a policy to protect you should you have to cancel your trip. Different carriers have different ideas of what qualifies as a legit reason for canceling, so make sure you find out ahead of time what’s covered and what isn’t.

• Trip interruption. This policy will reimburse your expenses if your trip is altered after it’s already underway. Of course, again you need to see what’s covered (usually illness) and what’s not (usually war or terrorism).

• Emergency travel medical insurance. You may want to purchase this additional insurance if your day-to-day health insurance policy won’t cover you, should you fall ill while traveling.

• Medical evacuation. This kind of policy covers your care and transportation should you be seriously injured while traveling. Truthfully, this policy can be quite expensive and may only be worth thinking about if you’re planning on taking an “extreme” honeymoon, where injuries will be par for the course.

A number of companies offer travel insurance, and their websites are a great place to educate yourself. Two worth checking out are:

www.accessamerica.com

www.travelguard.com

Insuring Your Wedding

As I’m sure you’re aware of at this point, weddings can be costly affairs. With the average wedding in the United States setting the average couple back $22,000 or more, there’s a reason you’ll want to insure your event—it makes perfect sense.

Wedding insurance can help you avoid losing any deposits or fully paid-for vendors should certain circumstances prevent you from walking down the aisle on your appointed day. And besides being a smart investment, wedding insurance doesn’t have to cost a huge chunk of change. For just a couple of hundred dollars, you’ll be able to insure your entire wedding. Of course, I’m not an insurance agent and I don’t sell insurance policies. So call yours and ask him or her about what it would take to insure your wedding. It may be the best money you’ll spend on your special day.

For a good overview on what you should look for in a wedding insurance policy, log on to www.wedsafe.com, a company that provides wedding and liability insurance for special events. Even if you don’t buy your policy through Wed Safe, I recommend spending time on the website so you can educate yourself on the importance of wedding insurance and what you need to know as you investigate a policy for your event.

To do list:

❑ Investigate wedding insurance

❑ Buy an insurance policy

You’ll need list:

❑ Wedding logistics (date, location, number of guests)

❑ Wedding budget information

Do Not Put Off Your Insuring Engagement Ring

An engagement ring is undoubtedly an expensive piece of jewelry, and you should treat it as such by insuring it properly. Think your homeowner’s insurance will cover it? Think again. (You do have homeowner’s insurance, right?)

“While homeowner’s insurance covers a lot of things, it doesn’t provide adequate coverage for jewelry,” says Kevin Craiglow, a spokesperson for Nationwide Insurance, who explains that most insurance policies cover all jewelry worth up to $1,000. Unless you’ve got a teeny tiny rock on your left hand, you’re going to need extra coverage.

Craiglow recommends getting a separate jewelry policy, which some companies call an endorsement and others call an insurance rider. Both provide additional coverage for your engagement ring.

Before you can get an endorsement or a rider, you need to know exactly how much your ring is worth so should it be lost or damaged, the insurance company will know its replacement value.“Most reputable jewelers offer appraisals for a small fee,” says Craiglow. In many cases, the jeweler who originally sold your fiancé the ring will have offered to appraise it before it left the shop. In addition to providing a “current and accurate appraisal of the engagement ring,” says Craiglow, insurance companies will also want a description of the ring—carat weight, metal used, and so on—and a photo of it for their files.

Riders or endorsements add only a nominal amount to a current insurance policy and are well worth the expense because they offer both protection and peace of mind.

Why We Need Wedding Insurance?

Did you know that you can get wedding Insurance? There are companies that will cover your losses, if a major catastrophe should occur. A wedding can cost more than a new car. You insure your car, why not your wedding? If a hurricane prevents your groom from flying in for the wedding, or the caterer goes out of business, and any number of other nightmarish events occur, you can recover the money you have paid out.

What is Wedding Insurance? Insuring your wedding is just like insuring your car, home or business. If the Reception hall burns to the ground the night before the wedding, insurance may help you to recover all of the money you have spent.

What is Covered? Insurance covers a number of things important to having the wedding of your dreams, such as weather, the key people, gowns, rings, gifts and any number of other items. Here are some things and situations that may be covered.

Cancellation costs - Any unforeseen event that forces you to cancel the wedding. A tornado destroys the church, or the photographer doesn’t show the bridal salon closes down before your dress is finished, all are situations, which can be covered by wedding insurance for having the wedding on another day, and for such expenses as flowers, the cake and invitations.

Vendors If vendors like the caterer don’t show up on the big day, insurance will cover the cost of changing the wedding date.

Illness or Injury You may be covered if the bride, groom, or anyone essential to the wedding is ill or injured and can not attend.

Wedding pictures and videos may be covered if your film is ruined or the photographer never arrives you may be reimbursed if you find another photographer or reschedule the wedding.

Clothes If the Tuxedo or wedding gown are inadvertently damaged beyond repair before the wedding, you can get replacements and your insurance will pay.

Gifts If any of your gifts are damaged or stolen you maybe covered,. Check your policy carefully. There may be a limit for making a claim, such as 7 days after the wedding.

Special Jewelry If your wedding rings are lost, damaged or stolen most companies will cover the insured values of the rings

Military Deployment if either the bride or groom are in the military and are on leave for the wedding and have their leave revoked, insurance may cover the the cost of postponing the wedding. However, if either of them are in the military and not on leave, and are deployed that is not covered.

The average cost of a wedding insurance policy is between $200.00 and $300.00. A real bargain when you consider that most weddings today cost upwards of $12,000. Before you buy insurance, gather all of your receipts, make copies, one for the insurance company so they have figures to work with. Give a copy to your parents to hold and if you have a safe deposit box, store the originals there, .in case you need to file a claim. Read the policy, and make sure you fully understand everything before you sign anything.

Say YES to Wedding Insurance

Many brides ask whether or not they should purchase wedding insurance. In my opinion the answer should be an unequivocal "Yes." According to TheWeddingReport.com the average cost of a wedding today is more than $26,000. That's more than some people pay for a car, and you wouldn't think of not insuring your brand new car, would you? It just makes sense, then, to purchase a wedding insurance policy that will cover many of your wedding costs if you need to postpone or cancel the ceremony and reception. This type of wedding insurance is crucial especially if your cost of rescheduling the wedding will be very high.

Many couples overlook wedding insurance when planning a wedding because they don't believe they will need it. After all, there is nothing romantic or exciting about wedding insurance and what could possibly go wrong. If you were to ask couples who had their wedding and reception planned in New Orleans before Hurricane Katrina hit, what advice do you think they would give you. Now a hurricane is an extreme weather condition, but wedding insurance provides coverage for just such a weather event. Wedding insurance, however, will not cover postponement of your wedding due to a rainy day.

Once you've selected your vendors and submitted your deposits, you have made a serious investment. Wedding insurance protects your investment throughtout the planning process, and the event itself. Consider these events that are covered in your wedding insurance policy.

*the caterer or your reception venue closes down unexpectedly before your wedding
*your wedding photographs are damaged or lost
*a family or wedding party member is injured or becomes ill or dies
*lost or stolen wedding rings*
*your wedding attire (if your dress is damaged or fails to arrive)

Sorry kids, you're out of luck if either of you gets cold feet. Changing your mind at the last minute is not covered by wedding insurance.

Just like any other type of insurance, you can purchase wedding insurance in a number of different policies. When compared to the cost of the event itself, wedding insurance is relatively inexpensive and as important to your special day as your bridal gown, cake and flowers. Whether you are having a destination wedding or a large wedding in your home town it is a good idea to purchase insurance for your wedding and a small price to pay for peace of mind.