Wedding Insurance  in Colorado

The wedding industry is growing day by day. Likewise, the cost of weddings is also increasing at a fast speed. Ideally, you wouldn’t want anything to go wrong on your special day. In fact, you were probably praying for a perfect wedding before you even met each other. So, when things go a little haywire and unexpected incidents occur on your special day, wedding insurance can save you from the financial losses you may have to suffer.

You see, there are so many things happening at a wedding, and it requires a delicate balance so that everything goes smoothly and you get the glorious wedding day you deserve. However, when multiple events, services, and people are involved, there are good chances that something could go wrong. Of course, the issue could be minor or major such as rescheduling your wedding date, damage to property, loss of wedding bands, etc. Still, the financial burden it brings can be a lot to bear.

According to the 2021 wedding statistics by the Wedding Report, Colorado ranks 19th among the 50 states in the United States of America, with 32,517 weddings in the year 2021. Most venues in Colorado require their clients to have at least wedding liability insurance.

Hence, if you are thinking about getting married in the state, you should look into wedding insurance in Colorado.

What is Wedding Insurance?

Even if the venue does not require wedding insurance, wouldn’t it be nice to know that you have a financial safety net in case things go south?

Suppose your best friend gets a little tipsy after consuming a glass or two of the lovely red wine you had on the menu and ends up damaging someone’s property or, worse, causing an injury to another guest. In such a case, your insurer will be liable to pay compensation for the injured person's medical bills and the property damage at the venue.

Weddings already cost a hefty amount. It would be a real challenge to go through a financial crunch right after your wedding in case of an accident or problem that could have been avoided. Imagine spending your honeymoon funds on replacing your wedding ring or paying for property damage.

Wedding insurance provides coverage for certain things that could go wrong on your wedding day, including but not limited to bodily injury sustained by guests, property damage, and cancellation. 

What Does Wedding Insurance in Colorado Cover?

Wedding insurance in Colorado provides different covers. Following are some of the coverage offered by insurers:

Wedding venues: People often have weddings at non-traditional places these days. Although traditional places like the Church or reception halls have their own liability insurance, other locations do not have an insurance policy that covers them for wedding events. This is where your own wedding insurance can take action if needed. 

No-Shows: However unlikely it may be to happen, if a vendor does not show up for your wedding, your insurer will compensate you for the loss you suffered. 

Postpone or Cancellation: If an important person from the bride and groom’s posse or the couple themselves get sick or injured, the event might have to be postponed or rescheduled. Usually, vendors and the venue management charge a cancellation fee, and in such a case, your insurer can pay the charges for you according to your policy, and you need not worry about the monetary issues the cancellation may bring along. 

Job and Military Deployment: If the bride, groom, or someone close to them is unexpectedly deployed or transferred to a new location, the couple might want to reschedule the wedding earlier or to a later date. In such a situation, your insurer will be liable to provide coverage. 

Event Liability Coverage: This is the most basic coverage that you should definitely consider getting. This protects you from third-party claims and lawsuits in case of bodily injury or property damage. Guests could get injured while event planners or venue management is moving this around, and someone could get allergies from food or perfumes in the air. 

Liquor Liability Coverage: You can expand your insurance policy to add liquor liability coverages which means you can file a claim for compensation for loss or damage that may have occurred due to an alcohol-related accident. Guests tend to drink more at weddings, possibly because of open bars. 

As fun it may seem, it can result in accidents where people get hurt or damage properties. If such an incident occurs, you might have to pay heavy medical bills or legal/court fees instead of spending this money on your honeymoon travels. 

According to your wedding insurance policy, your insurer may provide $2,000,000 in general liability insurance. Event insurance is separate, but insurers offer similar coverage in case you are hosting a private weddings event.

What is the Cost of Wedding Insurance in Colorado?

Fortunately, wedding insurance is not as expensive as a wedding and is considered quite affordable. Typically, the cost of wedding insurance in Colorado ranges from $125 to $350, depending on the coverage you choose. 

Additionally, another factor that affects the cost is the size of your wedding and where you are planning to have it. 

The Final Takeaway

Whether your parents are hosting your guests or you have decided to finance your wedding yourself, the essential thing to remember is that this is hard-earned money. Many parents save up for their children’s big day all their life to ensure that they have the perfect wedding.

However, a wedding is a big event, and sometimes unexpected situations can put a dent in your wallet. Wedding insurance ensures you have a safety net in place in case of an unexpected incident.

Most importantly, with so many companies offering wedding insurance, you must ensure you get a good deal.

Badger Insurance Advisors can help you compare costs and suggest the best deal so that you need not worry about the additional unexpected finances and can carry on planning your wedding without taking stress about buying wedding insurance in Colorado. 

Contact Badger Insurance Advisors today to get the right insurance deal for your special event.