Is Cheap Wedding Insurance a False Economy?
Is Cheap Wedding Insurance a False Economy?
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Home Page > Relationships > Weddings > Is Cheap Wedding Insurance a False Economy?
Is Cheap Wedding Insurance a False Economy?
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Posted: Feb 17, 2011 |Comments: 0
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Most Wedding Insurance comparison sites compare wedding insurance based on price. However choosing a policy solely on price could be a false economy for couples getting married.
While everyone in the current economic climate wants to make sure they are getting the best value for money, some cheaper policies have lower prices because they have lower levels of cover, potentially leaving you under-insured for your big day and out of pocket if something goes wrong.
Couples usually decide on the level of cover they need by comparing cancellation cover. This is the total amount that your wedding will cost if you need to cancel. This is a stand-alone section and is NOT in addition to any other sections of the policy, for example if you needed to cancel your wedding the cancellation cover was £6,000, you would not be then be able to claim on the Wedding Flowers, Gifts and Cake section as well; the other sections are not in addition to the cancellation limit.
Similarly, not all policies are the same when it comes to re-arrangement costs, i.e. when a wedding is postponed and not all costs are lost. In some wedding insurance policies this is only 50% of the cancellation cover, in Dreamsaver Wedding Insurance policies it is 75%, giving you more flexibility if you have to re-arrange your wedding.
Other things to consider include Public Liability, some policies will only cover the Bride and Groom and cover cannot be extended to the guests, which may be requested by some venues. Dreamsaver Wedding Insurance gives you the option to extend public liability cover to your guests and increase the limit from £2m to £5m.
‘Although on the face of it some policies look cheap it can be because they do not have the breadth of cover that some slightly more expensive policies have. Often the difference in cost is less than the price of a couple of drinks at the wedding reception and is a negligible in terms of the total cost of the wedding. As with all insurance policies we would urge customers to read the policy wording so that they know exactly what they are covered for prior to purchase’, commented Jonathan Buttery, managing director of Voyager Insurance Services Ltd, who operates Dreamsaver Wedding Insurance.
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Dreamsaver Wedding Insurance is here to help you protect your big day. We are happy to advise on any aspect of insuring your Wedding. To help you make the right choice we publish articles on wedding related topics. Dreamsaver Wedding Insurance is only available to UK residents.
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wedding, weddings, wedding insurance, dreamsaver, dreamsaver wedding insurance
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Dreamsaver Wedding Insurance is here to help you protect your big day. We are happy to advise on any aspect of insuring your Wedding. To help you make the right choice we publish articles on wedding related topics. Dreamsaver Wedding Insurance is only available to UK residents.
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