Wedding Insurance: When Is The Best Time To Purchase Your Policy?
One of the most basic problems some people have when it comes to choosing wedding insurance isn't the details of the policy, what's covered and what isn't, how much liability is included, or how much it all costs. The most pressing problem most people seem to find is simply deciding when to purchase wedding insurance.
It might sound odd, and the most obvious answer might well be 'as soon as possible'. After all, if you're buying a car then you'll obviously want to make sure you're insured to drive it off the forecourt, so you'll have it in place early on. If you have home insurance, you'll want to make sure you get it as soon as possible so you're covered immediately. But for wedding insurance it's all a bit different, because essentially you probably won't need it until the day itself, which could be weeks, months or even years ahead.
So do you organise your wedding insurance before anything else, or should you wait a bit? If you ought to wait, then how long for, and how long is too long? It's all a bit grey. And this is where the problem really lies, because often people let time slip away, until they've either forgotten the whole idea of wedding insurance, assumed it's no longer relevant since everything's paid for, or run out of money entirely and can no longer afford such 'additional luxuries'.
Wedding insurance should certainly never be seen as an additional luxury, but often people wait until they know how much they're likely to spend in total before committing to a policy.
But some people plan so far ahead that the eventual budget is unknown until quite late in the day. Additional services, extras, luxuries or upgrades are purchased as and when finances allow.
It's worth bearing in mind that in most cases there's no problem with upgrading your wedding insurance package as the overall value of your wedding increases, so it may be sensible to start out with a cheap, basic package, with a view to increasing the amount of cover if your plans change.
Article written by Adam Leyton from CompareWeddingInsurance.org.uk, a comparison website that allows you to compare wedding insurance policies at a glance from a number of leading UK insurers.
This post was very kindly provided by Steven Hooper of compareweddinginsurance.org.uk
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