A normal Indian wedding may only span a few days. A small mistake, an accident, or a mishap can put the whole event at risk.But now, it is getting the attention of all classes of people. Some risks such as losses due to rain or storm may be provided under special circumstances as decided by the insurer. “Third party” is anyone apart from the insurer and the insured.The big fat Indian Wedding often sees a family spending a large part of its life savings to make the event memorable. A cancellation or postponement of the wedding may cause severe losses, which may be difficult to absorb for the family. This helps you be tension-free, as your financial losses would be covered. In a situation such as wedding cancellation or China Sofa Flannel Fabric Factory postponement, or a financial loss due to an accident, and other such contingencies which may financially trouble the wedding parties, a wedding insurance helps.

Each event requires time and lots of money.A typical policy will cover losses incurred during a marriage such as booking of the marriage hall, decorations, catering services, food, hotel booking or guest house charges, videography, music or DJ fees, florist charges, transportation t, and train/flight ticket booking.Properly document your wedding-related expenses and bills since you'll need to mention these in the insurance application.Should you take wedding insurance?Considering the huge money involved, and the uncertainties and risks during the wedding period, you should consider taking a wedding insurance. Indian weddings are a series of events. But it takes months of preparation and planning. from the bride and grooms side, have a direement or dispute which causes delays, cancellations or damages, insurance will not help cover the losses.

Enter wedding insurance?To protect against such risks to the wedding, several insurance companies in India offer wedding insurance policies.There is also protection against burglary, theft, robbery, fire, postponement, cancellation, bodily injury, damage to property or decoration, and death.Obvious risks, such as those from rain during the rainy season, may also not be covered.What is covered?The list of inclusions in a wedding insurance policy may vary from one insurance company to another. However, there are a host of features common to most.Things to keep in mindThe premium of wedding insurance depends on such factors as the marriage location, cover size, period of cover, overall of the event.What’s not covered?Weddings can be cancelled for man-made reasons.Some insurance companies may allow coverage against earthquake, storm or terror acts, but you need to confirm this. If the two parties, i. You may strike off things in the wedding insurance for which you have already taken insurance, such as insurance for theft of jewellery, property etc. Earlier, high networth individuals used to buy wedding insurance due to the massive wedding budgets they played with.Wedding insurance can also allow third party coverage along with the normal cover. While buying a wedding cover, you must read the fine print in the policy document to understand the list of inclusions and exclusions, as these may vary significantly across insurance providers. The insurance company may not provide coverage in a situation of civil unrest, terror attack, transportation breakdown, late reporting to the airport, intentional self-injury, Acts of God, earthquake, flood, storm, loss due to criminal acts by the insured party, losses due to intentional acts, normal wear and tear, depreciation of assets etc. and this would help you reduce your premium. If anybody you don’t know suffers losses or dies for a reason connected to the wedding, or suffers from food poisoning due to the wedding catering, you can be covered.The writer is CEO of BankBazaar.