Q&A: Are you buying wedding insurance? Have you had to use it? Do venues go out of business?

Filed Under (Wedding Insurance) by admin on 06-08-2010

Tagged Under : Business, buying, Insurance, Venues, Wedding

Question by SavannahBride: Are you buying wedding insurance? Have you had to use it? Do venues go out of business?
I am debating on buying insurance from wedsafe. Has anyone bought from them and had to use them? Which circumstances forced you to do that? Do venues go out of business?

Best answer:

Answer by YouWish25
I’ve done LOTS of research on weddings and never once have I heard about “wedding insurance” It sounds like a load of BS to me. If you use reliable vendors and get contracts, you are going to be protected under the law. If the venue goes out of business and you have a contract, you’ll get back any money you paid. The same with other vendors.

But, “wedding insurance” sounds like a scam and huge rip off.

What do you think? Answer below!

Health insurance companies like some of Obama’s proposals.(Healthcare Mississippi): An article from: Mississippi Business Journal

This digital document is an article from Mississippi Business Journal, published by Dolan Media Company on December 15, 2008. The length of the article is 678 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.

Citation Details
Title: Health insurance companies like some of Obama’s proposals.(Healthcare Mississippi)
Author: Becky Gillette
Publication: Mississippi Business Journal (Magazine/Journal)
Date: December 15, 2008
Publisher: Dolan Media Company
Volume: 30 Issue: 50 Page: B7(1)

Distributed by Gale, a part of Cengage Learning

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List Price: $ 9.95

Price: $ 9.95

(4) Comments

4 Responses to “Q&A: Are you buying wedding insurance? Have you had to use it? Do venues go out of business?”

Jess on 6 Aug 2010 at 9:01 pm #

I’ve never heard of anyone doing this. Just make sure you read your contracts and have your own copies. I think wedding insurance would be a waste of money.
NikkiM♥BTB 08/29/09♥ on 6 Aug 2010 at 9:53 pm #

If you get contracts signed then insurance is a waste of money. (sounds like this wedsafe is using scare tactics to suck you into wasting your money).
If you have a contract and a place goes out of business they MUST give you back your money (I have NEVER heard of this happening anyways).
You should be getting contracts for everything anyways.
Good luck.
Specsy on 6 Aug 2010 at 10:03 pm #

We didn’t have wedding insurance, but I was looking on wedding forums and remember one case where a bride came on asking for help because her expensive wedding insurance would not pay out when her expensive photographer bailed out on her a week before her wedding. She received a phone call a week before her wedding from a lawyer, telling her that his client (the photographer) had gone bankrupt and would not be at her wedding. He said there was no point in her suing him because he didn’t have any money. She had of course already paid this broke photographer about £3000 to spend all day at her wedding. She called her insurance company who told her she was not covered because this had occurred a week before. She would only have been covered if the photographer had simply failed to show up on the day. The last I saw on that forum, she had had to pay a similar amount to another photographer to book him in advance (and I would think she was very lucky to get him at such short notice).

In my view, wedding insurance is pointless if it doesn’t cover being let down by suppliers at short notice, especially when they have run off with your money!
Amanda S on 6 Aug 2010 at 10:59 pm #

That’s what they make contracts for. If the venues go out of business, or the vendors go out of business, you can take them to court. A contract is a legal document, so just make sure that you sign one, and keep a copy and all the receipts for your peace of mind!

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