New Delhi: Last year, many wedding programs had to be canceled because of the corona epidemic. If the circumstances of this time are seen, then January and February will be the peak season of weddings and the Omicron variant of Corona can disturb the color. Meaning marriages may have to be canceled again.
No one wants the marriage program to be canceled or changed in his place. But, even if such a situation arises, you should ensure that there is no loss of money. This is possible only if you get your program insured. Yes, marriage insurance means wedding insurance.
How much is the premium
The sum assured of wedding insurance is decided on how much you have insured. By the way, the premium charged is only from 0.7 percent to 2 percent of your sum assured. If you have got wedding insurance of Rs 10 lakh, then you have to pay a premium of Rs 7,500 to 15,000.
What does Wedding Insurance cover?
Wedding insurance covers huge expenses due to annulment of marriage or any other damage or loss. Insurance policies broadly cover different situations in four categories-
- Coverage of Liabilities: This section covers any damage or loss caused to third parties in the course of the solemnization of the marriage due to accidents or injury.
- Cancellation Coverage: This part covers the loss due to sudden or unexplained cancellation of the marriage.
- Damage to Property: It protects against loss or damage to property.
- Personal Accident: This includes the cost of hospitalization of the bride/groom due to accidents.
Wedding insurance provides coverage in case of loss due to annulment of marriage to fire or theft. When a marriage is annulled it covers the following expenses:
- Advance given for catering
- Advance given for Wedding Venue
- Advance given to travel agencies
- Advance given for booking hotel rooms
- Wedding Invitation Card Printing Cost
- Advance given for music and decoration
- Cost of decorations and wedding sets
If any untoward incident happens in the marriage program then you should immediately inform the insurance company about it. After this, there is a small checking from the insurance company and if you have suffered a loss due to the right reason, then you are compensated for the loss caused by the company. But there are some reasons for which wedding insurance does not work.
In these cases, the claim is not received
- terrorist attack
- strike/civil unrest
- annul the marriage
- bride/bride kidnapping
- Loss of clothing and personal property of wedding guests
- Inexplicable or sudden unavailability of Wedding Venue
- The bride/groom cannot attend the wedding due to flight delay
- Vehicle breakdown, due to which the bride/groom cannot reach the venue
- Damage or destruction of the wedding venue at the instructions of the policyholder
- Damage to the wedding venue due to wear and tear, electrical or mechanical failure over time
- Property damage due to negligence or lack of supervision
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