KIWI COUPLES SAY “I DO” TO WEDDING INSURANCE!

KIWI COUPLES SAY “I DO” TO WEDDING INSURANCE!
September 21, 2014 Dream Wedding Insurance

Wedding Insurance

From cancelled venues, last minute injuries and bankrupt suppliers – to damaged wedding dresses, ruined marquees and unexpected law suits. Is it any wonder that couples are turning to wedding insurance to protect their big day?

Would it surprise you to hear that, In the UK, 1 in 4 couples choose to insure their wedding?* Until recently, Kiwi couples haven’t even had access to wedding insurance. Now that they do, they’re certainly making the most of it.

Dream Wedding Insurance, New Zealand’s first wedding insurance provider, offers four levels of cover to ensure that your dream wedding doesn’t turn into a nightmare!

In October 2015, a popular wedding venue in Victoria, Australia was destroyed by fire. Fortunately there were no injuries, but the last minute disaster left many bride and grooms-to-be devastated.

When asked if the Sorrento disaster would have been covered under their policies, Graeme Dean, Co-Founder of Dream Wedding Insurance said “Absolutely. The cancellation benefit is one of the biggest reasons that our customers purchase a policy. We pay up to $50,000 for lost payments and deposits in the event of cancellation. We also pay up to an additional $30,000 to help our policy holders plan a comparable wedding within 45 days of the original date.”

The sudden interest in wedding insurance has encouraged many wedding businesses, such as venues and planners to team with companies like Dream Wedding Insurance to ensure their customers have the opportunity to protect their financial investment.

Bridal Coach, Alexandra Gilles of Kisses and Cake says “We recently collaborated with Dream Wedding Insurance and found their concept to be a really sensible option for engaged couples. A wedding requires months of planning and has hundreds of moving parts. For a couple who has not planned an event before there are loads of things that could go wrong. We’ve heard horror stories of caterers going bust just days before weddings, wedding gowns lost in transit and marquees collapsing due to unruly guests. The more prepared a couple can be for any disaster the better. After all, you wouldn’t travel overseas or drive a car without insurance, so why would you spend tens of thousands of dollars on one day without the same peace of mind?”

In addition to cancellation and rescheduling, wedding insurance provides coverage against lost, damaged or stolen wedding dresses, rings and gifts. It also covers supplier failure, marquee and equipment damage, wedding transport failure, and personal liability. Policies range from $235 to $1285 and can be purchased online at dreamweddinginsurance.co.nz 

With an expected 30,000 weddings taking place in New Zealand in 2017, wedding insurance is quickly making its way to the top of the to-do list for New Zealand couples. Like all insurances, you buy it and hope that you’ll never have to use it. But if you do, it may just be one of the most important purchases that you make.

About Dream Wedding Insurance

Dream Wedding Insurance is underwritten by the largest insurance market in the world, Lloyd’s of London. With a policy to suit all budgets, Dream Wedding Insurance provides coverage for weddings taking place anywhere in the world. Dreamweddinginsurance.co.nz is New Zealand’s leading online wedding insurance provider. Policies can be purchased in minutes from desktop or mobile devices.

Choose Your Policy

Bronze

$235

$5,000
Cancellation and Postponement
$3,000
Rescheduling of Wedding
$3,000
Supplier failure
$2,000
Wedding Attire and Rings
$2,000
Wedding Gifts
$1,500
Wedding Cars and Transport
$1,000
Equipment Hire
$5 million
Personal/Public Liability*
Silver

$465

$10,000
Cancellation and Postponement
$6,000
Rescheduling of Wedding
$6,000
Supplier failure
$5,000
Wedding Attire and Rings
$4,000
Wedding Gifts
$3,000
Wedding Cars and Transport
$2,000
Equipment Hire
$5 million
Personal/Public Liability*
Gold

$855

$25,000
Cancellation and Postponement
$15,000
Rescheduling of Wedding
$15,000
Supplier failure
$10,000
Wedding Attire and Rings
$8,000
Wedding Gifts
$7,500
Wedding Cars and Transport
$5,000
Equipment Hire
$5 million
Personal/Public Liability*
Platinum

$1,285

$50,000
Cancellation and Postponement
$30,000
Rescheduling of Wedding
$30,000
Supplier failure
$20,000
Wedding Attire and Rings
$16,000
Wedding Gifts
$10,000
Wedding Cars and Transport
$10,000
Equipment Hire
$5 million
Personal/Public Liability*

*Personal/Public Liability not covered for weddings outside of New Zealand or Australia