How much does wedding insurance cost?
How much does wedding insurance cost?
$80 – $250 average cost for liability insurance
$100 – $500 cancellation or postponement insurance cost
$180 – $750 wedding insurance bundle cost
Wedding insurance cost
Wedding insurance costs $100 to $500 for cancellation or postponement coverage, $80 to $250 for wedding liability insurance, or $180 to $750 on average for both. Wedding insurance covers injury, damage, or costs related to cancelling or postponing. Many venues require liability insurance during special events, especially when serving liquor.
| National Average Cost | $465 |
| Minimum Cost | $150 |
| Maximum Cost | $1,250 |
| Average Range | $180 to $750* |
*For both liability and cancellation coverage
Wedding insurance cost by type
There are two main types of wedding insurance: liability and cancellation or postponement. Many vendors require liability insurance, especially if you’ll be serving alcohol. Cancellation insurance is best if you want to prepare for unforeseen circumstances.
| Insurance type | Average cost | Details |
|---|---|---|
| Liability | $80 – $250 | Covers injuries and accidents during a wedding |
| Cancellation and postponement | $100 – $500 | Covers costs related to calling off or postponing a wedding |
Wedding liability insurance cost
The cost of liability insurance for weddings is $80 to $250. This insurance type pays for injuries, accidents, medical costs, or property damage that occurs during the ceremony or reception.
Wedding liability insurance typically includes liquor liability insurance, which protects you if a guest gets hurt or causes an accident as a result of drinking alcohol.
The following table shows standard covered circumstances for liability insurance:
| Covered | Not covered |
|---|---|
|
|
*May require a rider or additional fee.
Wedding cancellation insurance cost
Wedding cancellation or postponement insurance costs $100 to $500 on average. This insurance covers expenses if you cancel or delay your wedding for reasons that are out of your control. Cancellation insurance can also help when things go wrong during the wedding, though extra fees may apply for added coverage.
The following table shows standard cancellation insurance coverage:
| Covered | Not covered |
|---|---|
|
|
*May require a rider or additional fee
Wedding insurance cost factors
The following factors affect the total cost of wedding insurance:
Limits – Cancellation and postponement coverage typically covers $7,500 to $175,000, while liability insurance ranges from $500,000 to $5 million. The higher your coverage limits, the more you’ll pay.
Deductible – Some insurance policies cost more but have no deductible. Others cost less but require that you pay a small deductible for property damage coverage. Deductibles typically cost $25 for cancellation policies and $1,000 for property damage.
Number of guests – Some policies take into account the size of your guest list and charge slightly more for larger weddings.
Riders – Optional provisions, called riders, cover uncommon events such as military service, wedding clothes, or complications with the honeymoon.
Engagement ring insurance – Wedding insurance typically covers wedding rings but not engagement rings. Engagement ring insurance costs 1% to 2% of the ring's price per year, or $10 to $60 per year for an average ring. Professionals recommend insuring rings worth more than $1,000.
Some insurance companies offer discounts if you bundle liability and cancellation coverage.
Wedding insurance FAQs
What is wedding insurance?
Wedding insurance, also called special event coverage, covers the cost of accidental damage during a wedding or the cost of canceling or postponing a wedding. Wedding insurance can reimburse you for problems like property damage, injuries, changing vendors, or replacing damaged or stolen gifts.
What does wedding insurance cover?
Wedding insurance coverage depends on the policy type and the individual company’s coverage. Most liability insurance policies cover injuries and damaged, stolen, or lost property. Most cancellation or postponement policies cover necessary expenses that will prevent canceling or postponing a wedding.
However, wedding insurance does not cover issues like intentional damage, engagement rings, cold feet, or claims related to Covid-19.
Do I need wedding insurance?
You need wedding liability insurance if your venue requires it. You may already have coverage in place under some circumstances:
Homeowners insurance covers liability if your wedding takes place at a loved one’s house.
Homeowners or renters' insurance may cover stolen or damaged gifts.
Your venue already has liability insurance and doesn’t require overlapping coverage.
You may want to consider buying coverage if you’ve invested a lot of money in nonrefundable deposits or other expenses. A wedding costs $25,000 to $35,000 on average, and wedding venues cost $2,000 to $9,000 alone. Wedding insurance can give you peace of mind for a relatively small price.
When should I buy wedding insurance?
Wedding insurance companies recommend buying a policy as soon as you begin putting down deposits. Some companies will start coverage up to 2 years before your wedding day.
You can typically buy liability coverage up to the day before the event, but in order to get severe weather coverage, you may need to get wedding cancellation insurance at least 15 days before your wedding.
Getting estimates from wedding insurance vendors
Before buying a wedding insurance policy, follow these steps:
Compare several prices from reputable companies.
Confirm that they have a license and business insurance.
Get recommendations from wedding planners near you.
Read reviews on Fash and Google.
Avoid extremely low prices, which usually indicate low-quality coverage.
Ask for a detailed list of covered scenarios.
Confirm whether they charge a deductible.
Questions to ask wedding insurance companies
Consider asking the following questions to find the wedding insurance possible:
How long has your company been in business?
Do you charge a deductible? How much is it?
Do you offer any discounts for bundling services?
What type of insurance coverage do you recommend?
What are your coverage limits?
Do you offer any riders? How much extra do they cost?
Is your pricing dependent on the number of guests?
Does your liability coverage include liquor?
We use our proprietary database of project costs, personally contact industry experts to compile up-to-date pricing and insights, and conduct in-depth research to ensure accuracy in all our guides.