What is special event insurance and why should I consider it?

Updated: Jun 5, 2020

Your big day is almost here - make sure you protect your investment.

You've spent months and maybe even years planning your big day. You've hired your vendors, designed the look and feel of the event, hired your coordinator and are ready to go!

But, there's one more thing that no one ever wants to think about. What if something goes wrong on your wedding day? How will you protect your investment?

Jillian Jensen Events working at computer
Wedding and special event insurance can reimburse you for loss or damages that happen on your big day.

What is special event insurance?

Special event insurance works just like any other insurance policy. You pay a certain amount of money and you are given an insurance policy that will cover you based on the terms to you request. The policy will cover you on the day of your wedding (or whatever dates you have wedding events happening). There are a few different policy options, but the main ones are Wedding Liability Insurance and Wedding Cancellation Insurance.

Many venues throughout Colorado are starting to require you to have day of event insurance (which would be the Wedding Liability Insurance). The biggest point I want you to know is that while these policies do assist the venues in case of loss/damage, the policy also PROTECTS YOU! Please do not make the assumption that when your venue requires you to have this insurance it is only to benefit them!

While the coverage varies policy to policy and can changed based on what you choose, your insurance can cover you if:

- someone gets injured at your wedding

- there is property damage during your wedding

- your wedding is cancelled due to weather or illness

- there is damage to your wedding gown

- your wedding photos get lost or damage

- your gifts are stolen

- your vendors cancel or are no-shows

What could happen on my wedding day that I would actually need this insurance?

This list below is from WedSure, a leading wedding event insurance company, and outlines the top 20 reasons you may call upon your event insurance to financially assist you and list list may surprise you! (List below is from https://www.wedsure.com/top-10-wedding-mishaps/top-20-wedding-mishaps/)

  1. A tornado rendered the venue uninhabitable (Cancellation/Postponement). $35,000

  2. The rings were stolen out of the groom’s home (Jewelry). $15,352

  3. The seamstress lost the bridal gown (Special Attire). $3,412

  4. The tuxedos were double rented (Special Attire). $2,278

  5. A drunk guest got into an auto accident (Liability). $500,000

  6. The photographer’s car was stolen with the camera and wedding photos (Photographs/Video). $15,000

  7. The reception venue went out of business (Loss of Deposits). $8,500