Planning a 2021 Wedding
COVID caused many 2020 weddings to be postponed, across the entire world. Those couples scrambled to find dates in 2021 while trying to juggle their schedules and already booked/or even paid-for vendors. So what does this mean for couples that are just starting the planning process and looking to find a date in 2021?
Why Wait?
Financially speaking, waiting 12-18 months for your wedding is a giant positive. It gives you the ability to stretch vendor payments out more, and to save up money each month, either in the bank, sock drawer, or with a Savings App, so that when payments are due, you are not as financially impacted. And this financial saving and planning applies to all of your wedding guests as well. Having more time to save up and make arrangements for your wedding will help to take a lot of stress off your family and friends. Every person has unique circumstances, especially during these times, so having extra time could very well result in more of your guests being able to join you for this momentous occasion.
Why Wedding Insurance is a MUST
However, with a Full Event Insurance Policy, it also provides protection for unforeseen, outside-of-your-control events that could prohibit you from having your wedding on your planned date altogether (such as a weather related natural disaster or a global pandemic or an immediate family member getting sick, to name a few). Although it has a negative connotation to engaged couples, the “cancellation” component of a full event insurance policy is what can pay for the costs of rescheduling or and it should be included in your event insurance policy, even if you have no plans to cancel your wedding. And it’s not going to give your event bad “ju-ju” either. Instead, it’s a wise and responsible way to protect you from things beyond your control.
COVID was the ultimate test of wedding insurers and unfortunately, some did not pass that test. Several major insurance companies are no longer issuing policies with a “cancellation” component because they are trying to keep up with all the existing claims being filed as a result of this pandemic. The two policies that have risen to the top are WedSure and Wedding Protector Plan, although WedSure is our favorite. Both of them are continuing to issue full event policies that include cancellation insurance too. But even those two are now excluding COVID-19 from new policies, which isn’t unreasonable since most weddings are booked well into the future and Lord willing, the worse of the CoronaVirus should be behind us by then. The cost of these types of event policies depends on the number of attendees and the overall cost of your event, but you can expect to pay in the $300-$400 range. And while it’s yet another cost that you may not have budgeted for, it can save you thousands and therefore a Full Event Insurance Policy is a MUST HAVE for all couples planning their weddings.
Getting Married in 2021
I was looking for this to help myself plan for my sister’s wedding. The information provided here is vital and I was actually planning for a wedding insurance.