When Big Days go bad
And the wedding industry knows it too, with an average Australian wedding now costing $54,294. Whilst the jury is still out on whether parents still pay the lion’s share of costs, the Australian wedding industry now generates over $2 billion annually.
From wedding venues (with the ever-increasing price tag on food and booze) to the photographer, the cake, the dream bridal gown, anyone who has ever planned a wedding knows how quickly the costs add up.
With expectations high and large sums of money at stake, Australians are increasingly taking outinsurance to cover their big day.
A quick search on Google takes you to Our Wedding Insurance, where you can choose from a range of cover options. From silver, to gold, to the Diamond insurance package for a wedding with a “bit of extra pizzazz.”
So what’s covered? AIG’s BigDay Insurance will cover you for a range of things including lost deposits, illness, severe weather and if your booked venue cancels or burns down. Might seem unlikely, but you only have to ask Dave and Liz Kersley who had some last minute changes when Melbourne’s iconic Stokehouse burnt down on their wedding day.
But it doesn’t stop there; you can also purchase home protection insurance for a little extra cost, which will cover all those wonderful wedding gifts while you’re on your honeymoon. From anywhere between $200 – $1,200 the options are endless.
Like any insurance, we’d suggest you shop around and read the fine print before diving in. While wedding insurance should cover you if things go wrong, it won’t cover you if you decide your soul mate isn’t actually Mr Right.
We want your thoughts, have you or anyone you know taken out wedding insurance? Was it worth it? Would you recommend it and how much would you pay?