Wedding Insurance is one of the important milestones in anybody's life. Some important information about Wedding Insurance:-
- Wedding Insurance Policy covers cancellation or re-scheduling of a marriage due to natural calamities like fire, earthquake, cyclones or burglary..
- It also covers damage to wedding venue or to the house of the policyholder.
- If one needs, policy can be coverered also to death of the bride, groom or certain close relatives or to injuries resulting to hospitalisation.
- Guests who will be attending the marriage can also be covered, called Public Liability Cover. Coverage can also extend to loss of jewelry, valuables and / or cash.
- However, Wedding Insurance Policy does not cover cancellation of wedding ceremony due to dispute between agreed parties and due to civil unrest/bandh.
- Insured can file the claims only for the valuables, kept in safe and for those gifted by blood relatives.
- The duration of a Wedding Insurance may go for a week. It is ideal to go for the insurance 15 days prior to the wedding day.
- The premium for the wedding insurance may vary from Rs.4000/- to Rs.15000/- depending upon the coverage.
- In case of any mishap, insured will have to submit the claim form within 30 days of the mishap.
- Insured will have to submit the documents like Bills, Payment Receipts, Proof of Money spen.
- If the loss is due to loss by criminal act like robbery, Insured will have to submit the copy of FIR along with Bills of the valuable.
- In case of accidents or injuries, proof of hospitalisation will be reqiured by the Insurance Company.