Firstly, check that aspects of your wedding, like the storage or transportation of wedding gifts to the venue, or your engagement and wedding rings, are not already covered by your home insurance, or can be included on it for a small fee.
Make sure whatever policy you purchase gives sufficient cover. The most common reason couples claim on their wedding insurance is because of last minute cancellation or rescheduling due to illness, bereavement, or accident. If you have the misfortune to need to do this, can you afford to lose the cost of your wedding – an average £21,000 in the UK? Verify what the cover for rearranging a wedding is. Some companies offer 100% for cancellation but only 50-75% if you are rearranging your wedding as the loss is assumed to be less.
The bride and groom are not always the only people who have a financial interest in the wedding. If a bride’s parents are paying for her dress, or the groom’s parents have contributed towards the reception, the policy should make allowances for this.
If you are going to get cover you should buy it as soon as you sign any contracts. Ask your vendors about their insurance to make sure you are not already paying for something they have covered.
While most weddings go ahead exactly as planned there is always a risk that something out of your control will create unforeseen expense. Whether you decide to insure is up to you, but it is certainly worth considering.