Weddings, graduations, family reunions and other special events may call for special protection.
Whether it’s your own wedding or that of your adult child, a wedding is a very big deal. And, more often than not, a wedding is a very big investment!
Think about what makes a wedding so unforgettable: the flowers, the photos, the music, the setting, the food. You pay deposits for all those things. You count on them. What if, due to circumstances beyond your control, one of those major aspects of the big event goes missing just days or weeks before the big day?
It seems ridiculous to think that the Legion Club in River Falls or the Kilkarney Hills Golf Course won’t be in business if you’re planning your wedding reception at those popular locations. We certainly don’t mean to imply they will. But stranger things have happened, which is why you might want to consider protecting your big day with wedding insurance.
About one-third of wedding insurance claims are related to vendors or venues going out of business, according to an industry survey. Especially in this precarious economy, there is just no guarantee that one of your wedding vendors won’t go out of business. No matter what type of contract you have signed and how much money you have put down.
Since by its very nature insurance protects against risk, it’s really quite logical to protect yourself against some rare, but exasperating risks associated with all the details of your wedding.
Wedding or special event insurance is very affordable. It may cost in the range of a bridal bouquet or an extra tuxedo rental or two. When you consider the amount you’re investing in the big event, it’s really a small fraction of the total cost to protect it.
There is usually cancellation coverage and also liability insurance, which is sometimes required by the venue to protect the hosts in cases of property damage or injuries to guests. Premiums are based on the total cost of the event, and you can add protection for specific things, such as rehearsal dinner, flowers, photography, gown and more.
Things like wedding gifts and the all-important rings may be covered under your homeowners or renters insurance.
Insure Weddings and So Much More
Weddings aren’t the only special events worth protecting, of course. This time of year, you may be planning a graduation party, a family reunion or some sort of fundraiser. These are some of the events Reis Agency has helped customers protect:
- Family reunions
- Hole-in-One contests
- Car or boat show
- Charity fundraiser
- Music concert or festival
- Sports tournament
- Holiday event
- And more
Why You May Need Special Coverage
Whenever alcohol and people are together in a big space, there is a chance for injury. Homeowners in 37 states, including Wisconsin, might be responsible for damages following an auto accident caused by their intoxicated guests who choose to drive home.
The insurance industry tracks a lot of data on the products it creates. For instance, we know that half of homeowners believe that party hosts should be responsible for their guests’ safety. But the majority of homeowners don’t understand their current coverage or if there are gaps in what is covered.
If you are hosting a graduation party, family reunion, or an annual hog roast for 50 of your closest friends, you may want to be sure you have adequate insurance protection. It’s safe to assume your guests will act responsibly and the property will remain unharmed, but those assumptions won’t pay the bills in the event of an unforeseen injury.
Stop in and see about any special event you may be planning. We’ll help you decide whether event insurance is necessary and help you find the right coverage.