Ref: Insurance for Weddings
Wedding functions these days extend beyond the traditional routine of 7 pheras & sit down dinners. Glamourous sets, glamourous functions, theme parites are on the desire list of the bride & groom.With wedding sets akin to the one's in films, artist to perform, the concept of insuring weddings is constantly gaining ground with wedding planners.
Typically weddings can be insured against the possiblity of cancellation or postponment to a later date, due to force majore circumstances, viz. fire @ venue, flood earthquake. The coverage is also extended to cover possiblity of cancellation due to accident to bride / grrom or their immediate family members .
Cost Factors like 1.) Venue Rental 2.) Advances to catrers & decorators 3.) Artist cost 4.) Travel & hotel booking 5.) Re-printing of invitation cards 6.) Money & Jewellery Insurance 7.) Liability covers are the expenses which one should look to cover.
One must always look to start the cover few days befor your wedding event. Typically the cost would vary between 0.4 % - 1% of your wedding budget, depending pon the covers opted.
Cancellations due to family tiff's / unpaid dowry / other similar reasons fall outside the scope of insurance cover.
ALSO READ event-insurance.blogspot.com
Cheers
Gaurav Vasani
