| | Wedding insurance will cover many of the costs if you need to postpone or cancel the event. This may sound practical and boring but let’s focus on what is on the line. The Sydney Morning Herald reported that in June 2006, the average Australian wedding was costing approximately $36,000. Nobody would shell out this sort of money on a home or a car without insuring it. Merlin McCloy, Managing Director of Mojomo Insurance Brokers says “It makes perfect sense to insure your wedding. The premiums are small when you compare them to the money you will spend on the wedding.” Mojomo specialise in wedding insurance in Australia, a service previously only offered overseas.
The core of the wedding insurance policy is the cancellation/postponement cover. The reimbursement you receive is based on what you’ve paid to your wedding suppliers so make sure you put your receipts away in a safe place, as you will need them. As with any insurance claim, reimbursement is with the insurer’s approval so it is important you know what is and what is not covered. Be sure you understand the policy you purchase and check the details carefully so you won’t be disappointed. Finally, when selecting an insurer, look for one that is underwritten by a company based in Australia. |