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Restarting your finances after divorce

After I divorced from my wife, I needed to start building my finances back up again. I have started this website to show people how you can save money and invest it sensibly after your divorce. You will not be able to get rich overnight, but by taking a long term view you should be able to get your finances in order and buy a new house or other things like that. I want my kids to know that I am doing OK financially and I want to make sure that I can keep giving them the lifestyle that they deserve when they are with me. I am sure you want the same things.

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Restarting your finances after divorce

Why Wedding Insurance Is Important

by غزل موسوی

It's wedding season!  All over the country brides-to-be are anxiously scanning the weather forecast for the big day, checking and re-checking lists and praying they don't break out in spots the night before they're due to tie the knot.  However, despite the fact that the average wedding now costs approximately $65,000, not many couples opt to take out wedding insurance.

Read on to find out why you really should consider having a chat with an insurance broker in your area and taking out insurance for your big day.

What does a standard wedding insurance policy cover?

Whether you're having a church wedding or a civil ceremony, wedding insurance policies will cover you.  Your wedding will also be covered if you opt to get married abroad.

Each policy varies but standard cover usually includes:

  • cancellation or re-arrangement of the wedding and/or reception due to illness, accident or bereavement
  • cancellation or re-arrangement if a supplier lets you down
  • damage to wedding garments on the day, including the bridesmaids' dresses, wedding gown, or groomsmen's attire
  • problems with photographs and video
  • loss of wedding rings
  • damage to, or failure to receive, the cake and flowers
  • personal liability and legal expenses

Most specialist wedding insurance providers will accommodate individual personal requirements and extra items.

What's not covered by wedding insurance?

Always check the policy wording thoroughly to make sure that you're paying for what you want covered.  If you are in any doubt, always ask your insurance broker for clarification.  As a general rule of thumb, most policies would not cover the following:

  • if you get cold feet and change your mind
  • if you run out of money and can't afford to pay for the wedding
  • theft of rings, clothing etc
  • damage to the wedding garments as a result of negligent cleaning

What to look out for in a wedding insurance policy

There are lots of different policies to compare, and they can differ in what they cover and in the premiums you will have to pay.  This is where your insurance broker can really help you by shopping around to make sure you get the policy that's right for you. 

Some policies offer cover from up to two years prior to the wedding date, which is important bearing in mind that some venues have a waiting list at least this long, and you may have to book well in advance to secure the place you really want.

In conclusion

Remember, in comparison to the cost of your wedding, an insurance policy is a drop in the ocean, but a very important one for your peace of mind.  It's the most important and exciting day of your life; don't leave anything to chance by not taking out sufficient and appropriate insurance cover. 

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