Wedding Insurance Could Be a Wise Investment

More couples are choosing to add wedding insurance to their budgets.  The policies protect brides and grooms from unforeseen circumstances including cold feet.

Groom putting a ring on bride's finger

RENO, Nev. Hundreds of couples across the country are starting to plan their weddings after getting engaged over the holiday season. But before you finalize the budget, there's one thing you should consider buying.

It's called wedding insurance. A few insurance companies across the country have been selling the policies since 2007, but with the cost of weddings on the rise, more and more couples are starting to see the insurance as a worthwhile investment.

"The average wedding cost is 25-30 thousand dollars," Beth Jones, owner of My Wedding Library, said. "You know, you buy a 30,000 dollar car and you don't not insure your car. So [wedding insurance] is always going to be added protection."

My Wedding Library connects couples in the Northern Nevada area to local wedding vendors.

The average cost of wedding insurance runs about $100- $200 for basic coverage, and the policies are designed to protect the bride and groom from unforeseen circumstances, like extreme weather if you are having a destination wedding, bankrupt wedding halls, and ceremonies being canceled by unexpected military deployments.

In some extreme cases, one firm is even offering insurance if someone gets cold feet. For parents concerned about a a bride and groom not making it down the aisle, Fireman's Fund Insurance Co. offers change of heart insurance. The coverage only applies if the wedding is called of more than nine months before the date, and only the party paying for the wedding can buy the insurance to prevent a bride of groom who knows the wedding may be called off from collecting.

Back at My Wedding Library, Jones says she's had a few couples ask about insurance, but most don't like to think on the negative side. But she says the insurance is something to consider if you plan to spend a lot on the wedding, because if there is a last minute cancellation, you could end up losing your deposit.

"If you're within 30 days of your wedding date, it might be a little trickier to work with these vendors because they've already planned, they've ordered things for your specific day, and that's when wedding insurance would really help you," Jones said.

Jones says she's not aware of any local insurance companies who offer wedding insurance just yet, but sees it as something that could happen in the future. For now you can buy policies online. Websites like, backed by Aon, and, which is backed by Hartford-based Travelers Cos. Inc both offer wedding insurance policies.

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