Couples warned wedding hidden risks could cost them thousands

As the wedding season fast approaches couples are being warned that they risk a huge financial loss if their upcoming nuptials are not protected by adequate wedding insurance.

With the average wedding costing around £20,000, couples could face losing thousands if their wedding is not covered by proper insurance cover according to a specialist insurance expert.

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From losing the ring to wedding gifts being stolen, Guy Baxter of Lycetts is warning couples that high value items could exceed their insurance policy leaving couples out of pocket should any problems arise.

Baxter explained: “We have found that many couples assume their contents insurance protects the high-value items associated with weddings, such as the wedding dress, gifts and rings. But this may not be the case. Having these high value items in the home may exceed the policy limit, leaving couples vulnerable if they wish to make a claim.”

“Many insurers will increase contents cover for a period around the wedding but couples need to speak to their insurer to check if this can be done, what it protects and for how long.”

Pre-nuptial protection

Guy said couples should consider buying wedding insurance, which covers a range of problems that can hit the big day – from supplier failure to venue cancellation.

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He said: “When you consider how much money is at stake, wedding insurance is a small price to pay for peace of mind.

“But couples need to be aware that policies differ significantly, so read the small print and be aware of any limits and exceptions.

“For example, cancellation cover can vary significantly, from as low as £3,000 to as high as £60,000. Couples should have a clear idea of how much their wedding will cost, so that they are not left in a situation where they are under-insured.

Baxter added: “It is also worth bearing in mind that some eventualities won’t be able to be claimed for, such as cancellation due to a spouse’s change of heart, and in some circumstances additional or specialist protection may be needed, such as for marquee use, an extravagant dress breaching policy limits, or overseas ceremonies.”