RICHMOND (WRIC) - Valentine's Day is a time when many get engaged and with Valentine's Day falling on a Saturday next year, wedding plans may already be in the works.
More brides than ever are getting their wedding insured.
Meg McSheery's outdoor wedding in Prince George back in 2007 was a wash out. The storm was so bad that electricity was out, the tent was destroyed by the wind and roads to the venue were shut down because of flooding.
"Even though the rain stopped an hour before the wedding things were in just such poor shape that we decided to cancel," she says.
But months before, Meg's mom purchased wedding insurance, an idea she got while flipping through a magazine while her daughter was trying on dresses.
With the average wedding costing more than $28,000, more brides are saying 'I do' to wedding insurance.
"I wouldn't spend that much money without having insurance."
Richmond event planner and owner of Fete Studio Wendy Wine strongly encourages her brides to get insurance.
"If you are spending $20,000, what is a couple hundred dollars to protect you in case a tree falls on your tent or your vendor went bankrupt," she says. "This is your most important day and it can easily be ruined in a second so you need to protect yourself."
There are two types of event insurance - the traditional coverage and the liability portion. Traditional protects against everything except a change of heart. That includes cancellations or postponements, lost deposits and even wedding gifts. Liability covers damages to the venue or in case someone gets hurt.
Both are relatively cheap, somewhere between a couple hundred to about $600.
Having event insurance is a growing trend among wedding venues as well. For example, the Virginia Center for Architecture requires a $1 million liability policy, but for a bride that's only about $200 out of pocket.
For her daughter Meg's wedding, Suzanne Wolstenholme put down $250 for a $25,000 coverage plan.
"It seemed like it was a no brainer," she says. "You buy travel insurance for a $2,000 trip but not a $30,000 dollar wedding. It just seems to make perfect sense. At the time I didn't think it was going to be as monumental as it was."
And boy, was that the best $250 spent.
"It was very simple… filled out a form and gave them the information and a few weeks later we got a phone call saying we honored the claimed and a few weeks later we got the check . That was sort of the life-ring I had something to offer, otherwise I would have had nothing to say we could do it again because we really didn't."
It gave her daughter a second chance to have the wedding of her dreams and it's a safety net more brides are falling in love with.
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