A guide to wedding insurance…
The average cost of a wedding these days is around £20,000.
Many people will spend much less than this and others much more, but everyone getting married has something in common – in paying for their big day they are making one of the largest financial investments of their lives.
After buying a house or a car, the other significant financial commitment in most people’s lives will be their wedding day or civil partnership.
Because a house and a car cost so much the majority of people insure them, for the same reason more and more people are buying wedding insurance. This view is supported by a recent poll by the leading website Ukbride.co.uk where up to 58% of people polled said that they were considering purchasing wedding insurance.
It is a condition of booking with Holmes Mill that you take out Wedding Insurance. We do not provide the insurance, for your convenience we have included frequently asked questions and details of the policies available from Weddingplan, however you may take Wedding Insurance from whichever provider you prefer.
Which level of Wedding Insurance is right for you?
We would suggest that couples don’t just purchase the cheapest wedding insurance available without first considering other levels of wedding insurance cover. Rather couples should take the time to work out what they are spending on all the main areas of their wedding or civil partnership and then carefully select the level of wedding insurance that adequately meets their need.
To help you calculate how much cover you need, we have listed below a few of the main areas of cover to consider when buying your wedding insurance and some of items that could fall under each category.
Cancellation and Rearrangement of Wedding and/or Reception
For these areas of cover, consider all the main areas of expense for your wedding or civil partnership including: