When you take out any insurance product, you always have to weigh up what level of cover you need.
This is true of car insurance, where you can opt for third party, fire and theft or comprehensive cover.
It is also the case with travel insurance? Do you need cover for pre-existing medical conditions or special activity holiday cover? Are there features that you definitely need and some that are not as important? Do you need to take out car hire excess cover?
Asking yourself these questions is crucial to make sure you are not over or underinsured and the same is true when it comes to comparing wedding insurance.
Weddings come in all shapes and sizes and no two weddings are exactly the same, so it makes sense that there are various wedding insurance policies available relating to the size, expense and location of the wedding, as well as other variables.
But how do you go about working out how much cover you need?
The most obvious way would be to trawl through the fine print of various wedding insurance products and finding one that seems to fit your criteria, however, this is a time-consuming and tedious way of finding out what level of cover you need.
That is not to say, however, that comparing wedding insurance products is not necessary. It is, but you can make life a lot simpler for yourself by using a wedding cost calculator.
Reputable insurance providers have various policies available to you and so provide a useful calculator to help you determine how much you have or plan to invest and use the figures to determine the appropriate level of cover.
A good calculator will contain various input fields, you can also enter in details of expenditure on the wedding car, venue fees, wedding rings, attire for the bride, groom, page boy etc, wedding accessories, catering and other costs associated with getting married.
If there is no box for some of the other things you have paid for, you can simply input them into the 'other' box.
Once you have completed all the fields, you can calculate the amount you have spent and therefore determine the level of cover you require.
It can be tempting to opt for the cheapest policy but you should resist this temptation.
A cheap policy is likely to only provide the bare minimum cover. While this may save you money in the short term, were your wedding day to be struck by disaster you would very quickly regret trying to cut corners.
It is therefore important to keep in mind what insurance is designed to do – protect you. Like an umbrella is designed to protect you from the rain, a wedding insurance policy is designed to protect your wedding from the various things that could go wrong.
The more holes there are in your umbrella, the more likely you are to get wet and the more holes there are in your wedding insurance cover, the greater the likelihood that you will not have the protection you may have to call upon.
You may be surprised to learn some of the latest trends in the world of overseas weddings. For example, many couples are having ceremonies with only two or three guests, while some are tying the knot without any guests at all.
The EHIC entitles you to state healthcare at a reduced cost or even free in some cases, so it is something you need to have when you go away. However, it is not in any way a substitute for travel insurance.
If you plan on tying the knot in winter, the weather could wreak havoc with your big day. It is therefore essential that you have a wedding insurance policy in place to protect you should something go wrong on the day.
When it comes to buying insurance, one thing you do not want is to be underinsured, otherwise the policy will ultimately not protect you. To help with your wedding insurance, you can use a wedding calculator to help determine what you have spent.
Wedding insurance has become an increasingly popular product in recent years, with couples coming to understand how important it is. Wedding insurance protects you in a number of ways, borne out by the variety of claims submitted by couples.
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