Planning a big wedding? One unexpected event could derail it; can insurance save the day? All you need to know

Wedding insurance can help Indian families recover costs if unforeseen events such as fire, theft, severe illness or extreme weather disrupt celebrations. Here's how it works.

Indians are known for having big, lavish weddings, with families often spending huge amounts on venues, catering, decorations, jewellery and other arrangements. However, an unforeseen event such as a natural disaster, fire or sudden cancellation of a function can disrupt months of planning.

In some cases, an incident could also result in physical damage or theft of valuables during the celebrations. Since, families often save for years to finance their own or their children's big day, it's better to have a fallback plan.

To protect yourself from events that aren't in your control, individuals can consider wedding insurance, which covers certain financial losses arising from above mentioned risks. However, before purchasing a policy, you should understand its coverage, premium costs and limitations.

What a wedding insurance plan covers?

A wedding insurance covers heavy expenses incurred either due to wedding cancellation or any other damage, according to a blog post by Paisabazaar. The policy classifies different situations under the following categories:

• Liability coverage: This section covers any damage or loss to the third party during the wedding event due to accidents or injury.
• Cancellation coverage: It covers financial losses arising due to sudden or unexplained cancellation of the wedding.
• Damage to property: This part protects you against losses or damages caused to the property where the wedding is taking place.
• Personal accident: This covers hospitalisation expenses of the bride or bridegroom if they meet with an unfortunate accident.

A wedding insurance plan also offers coverage in case of cancellation or loss due to fire, theft or burglary. In such cases, you can recover the advance amount paid for catering services, wedding venue, travel agencies and hotel bookings.