Tuesday, August 17, 2010

Wedding Insurance Is The Best Back Up Plan

In this day and age, with so many people getting married and having weddings, it’s amazing that more and more of them aren’t getting some kind of wedding insurance to cover their investment. That’s exactly what it is, too: An investment. It is such an important day, it might be a wise move to protect yourself in case of an emergency. When asked, “How important is your wedding day to you?” Most couples respond with, “Very!” On a scale of 1 to 10, many couples will say, “An 11!”

The next question is, “Why is your wedding day so important?” Here are some reasons why people consider their wedding day so important and why they decided to purchase a wedding insurance policy.

It is a once in a lifetime event.
Even with the divorce rate at about fifty percent, most people go into their engagement and wedding as if it will only happen once. This is a good thing! Hopefully that will be the case and they won’t be having another wedding in their lifetime—unless it is their child’s marriage. Since this event only happens once (like your birth!), many couples will invest thousands of dollars into the day to make sure it is memorable and amazing. The average amount spent on this one day is at about $34,000. It is no wonder wedding insurance is a serious consideration!

All of your friends and family are in attendance.
A wedding is a time to get everyone together to celebrate an incredibly happy and important moment in the lives of these couples. Usually that means a lot of wedding guests, both friends and family, and that includes coworkers, too. A lot of special guests and kin may have even traveled great distances to be there! Many times, these family members haven’t gotten together for years. This makes it even more important that the occasion is outstanding.

The financial and time investment is tremendous.
Another reason why the day is so significant is the amount of time each couple spends planning their wedding day. The average time spent planning, researching, hiring, prepping, scheduling and shopping runs upward of 300 hours. Along with the $30,000+ investment, it is imperative the day is covered by wedding insurance.

These are the top three reasons why most people consider their wedding day to be one of the most important days of their lives. Just like their car, their home, and their life, people will insure the most important aspects of their lives. The best way to gain peace of mind and to know you’re covered in the event of catastrophe is to take out a simple wedding insurance policy.