Insurance for a wedding

[MonkeyRPN]

I'm planning my wedding for next summer. I live in Vancouver, are there any companies out there that offers wedding insurance? I've booked and paid for multiple services... what if anything of these companies suddenly goes under? Can I somehow protect my investment in my big day? Wedding insurance seem popular in the US... but I can't find anything here in Vancouver.

Thanks.

[ItzMe]

This G&M article talks about a Canadian provider of wedding insurance:

http://www.theglobeandmail.com/life/article759830.ece

Googling wedding insurance canada also came up with some hits. There may not be a direct office in Vancouver though, honestly don't know.

Good luck!

[stickmanx]

www.palcanada.com

[randomdef]

I'm planning my wedding for next summer. I live in Vancouver, are there any companies out there that offers wedding insurance? I've booked and paid for multiple services... what if anything of these companies suddenly goes under? Can I somehow protect my investment in my big day? Wedding insurance seem popular in the US... but I can't find anything here in Vancouver.

Thanks.

problem with that is if you pay and lose out, okay, money is gone, the big issue is finding someone super short notice to fill in can be impossible and the day can be ruined.

[Impossibles]

Just deal with businesses that have a reputation and have been around for a while. Insurance is just going to be another needless expense.

We just got married this summer and no problems, I assume 99.9% of the time the insurance would be a waste of money.

[canehdianman]

Just deal with businesses that have a reputation and have been around for a while. Insurance is just going to be another needless expense.

We just got married this summer and no problems, I assume 99.9% of the time the insurance would be a waste of money.

Isn't that the idea behind insurance? To protect from catastrophic events that rarely occur?

I need my car insurance way less than 99.9% of the time I'm driving.. but that doesn't make it a waste of money.

[GSRee]

What's the purpose of wedding insurance? If the decorator calls the night before to say she's going out of business (there was a thread about that recently), then are they really going to be able to get you someone else to replace her in such a short amount of time? I'd think probably not, in which case, what's the point?

[jandumm]

If you're worried about businesses going belly up before your wedding, another option would be to pay deposits via credit card and to go with a reputable company? Thus if anything does happen, you'll at least get your deposits back.

Unless wedding insurance will provide the service that "bellied-up" on you at the last minute, I don't think it's worth it.

real life example: Good friend getting married in May. Purchased her dress from place in Oakville a few months ago - deposit paid on credit card. Store shuts down suddenly a few weeks ago -> brides with Saturday weddings show up Friday night to pick up dresses and the store is closed with a sign on the door. Those brides pretty much have to go to the mall or their own closets to find something to wear. For my friend, she put down her deposit on credit card, filed a chargeback and all is well. She was able to re-order the identical dress from a different bridal store. Luckily she had the luxury of time.

The Globe and Mail article seems to talk more about things like natural disasters, military deaths and the like.

[chiptuned]

Do they cover your significant other running out on you?

:cheesygri

[Wing Nut]

Isn't that the idea behind insurance? To protect from catastrophic events that rarely occur?

I need my car insurance way less than 99.9% of the time I'm driving.. but that doesn't make it a waste of money.

Insure your house, your car so you're protected if you kill or seriously injure someone, your life, your ability to earn an income, etc. However, I'm strongly opposed to insuring something that is not financially devastating. I'd argue that a wedding expense is not financially devastating. I sell insurance, by the way.

[Jucius Maximus]

Insure your house, your car so you're protected if you kill or seriously injure someone, your life, your ability to earn an income, etc. However, I'm strongly opposed to insuring something that is not financially devastating. I'd argue that a wedding expense is not financially devastating. I sell insurance, by the way.

I think the issue is that if someone gets drunk and then falls over, or then gets in their car and kills someone, they could sue you because you were holding the party where they got trashed. Liability insurance would protect you in this case.

[randomdef]

I think the issue is that if someone gets drunk and then falls over, or then gets in their car and kills someone, they could sue you because you were holding the party where they got trashed. Liability insurance would protect you in this case.

Which is the venues respnsibility to have, not yours.

[Jucius Maximus]

Which is the venues respnsibility to have, not yours.

I've been to wedding receptions at private residences before.

[randomdef]

I've been to wedding receptions at private residences before.

which is house insurance, and normally needs insurance by law if booze is being served too (comes with the liquor licence).

[glamvancity]

Like others have said, hire reputable companies for your wedding. Even if you have insurance and one of your companies doesn't follow through, its unlikely your insurance company will close the claim and payout before your wedding. It's not like claims get processed overnight and the money goes right back into your pocket. Also, its the venues repsonsibility for liability insurance, if you're still not happy with what is covered through them, go to a reputable insurance brokers office. The little mom and pop insurance brokers usually won't be able to help. Call around to some places, most brokers will be happy to help since the commision is good for liability coverage.

And for all those who are not familiar with the purpose of insurance its to share the losses of few among many.

[Wing Nut]

I think the issue is that if someone gets drunk and then falls over, or then gets in their car and kills someone, they could sue you because you were holding the party where they got trashed. Liability insurance would protect you in this case.

That's not what the OP was asking.

I stand firm in the belief that you insure against big losses and self insure against little losses. I insure my life and my ability to earn an income but think it's silly to insure little stuff.