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Wedding Insurance in India and the U.S.A

While buying insurance is the most un-marriage like thing you could be thinking of while planning your wedding, it could just be one of the most important things you do. Marriages today have evolved from being just a ceremony uniting two people in holy matrimony to a large production, where people often end up spending a large chunk if not most of their savings. Wedding insurance is becoming a very common practice and a safety net for many couples in India and around the world.

Insurance companies are cashing in on the country’s increasing affinity toward purchasing insurance and numerous insurers have come out with wedding insurance policies with widespread policies covering everything from damages to your wedding outfit to weather calamities. While policies in India and countries like the U.S.A cover many similar ’mishaps’, there are some differences and the diversity is more evident when it comes to the popular coverage options purchased in each country.

A typical wedding insurance policy in the U.S.A and India offers financial protection to the insurer from losses due to unforeseen events that hamper the wedding proceedings or lead to its cancellation. Generally policies in India cover losses arising from the postponement and cancellation of the wedding due to causes like natural calamities, injury to the bride or groom or an accident, injury to a family member, riots etc. You can also purchase coverage to insure your wedding venue, valuables or liability arising due to third party property damage or bodily injuries. With the amount of jewellery and cash gifts present in most Indian weddings, protecting your valuables can be a good idea and is one of the more common coverage options requested. One of the most important aspects some insurers offer, especially in a country like India where transportation hassles abound, is the protection against problems arising when either the bride or groom is stuck or delayed due to problematic transportation or road safety issues.

One the other hand in the U.S.A the availability of liability coverage is a godsend. In a country where suing and law suits are so common a practice, protection against third party damage and injuries can quite possibly save the insured major moolah. Another popular option is wedding insurance coverage in the case of either spouse having to move due to corporate reasons or military deployment. People who live in cities where the weather and commonly occurring natural disasters can create a problem like in the hurricane belt or earthquake prone areas, can also take advantage of polices that cover these calamities.

While wedding insurance in India and the United Sates both offer options like protection against losses due to failure of service by vendors, wedding decorators, wedding photographers etc. there is one area that the U.S. has an advantage – easing your heartbreak. Some insurance providers are actually offering wedding insurance in the case of the bride or groom getting cold feet…no such luck here though; you will have to deal with the emotional turmoil along with the financial burden!

Author: Candice | Posted on: February 15, 2011 at 7:41 pm | Posted under: Everything Else, Indian Weddings, Wedding Insurance | Bookmark the permalink | Post a comment or leave a trackback: Trackback URL

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