Here, we will explore some of the best affordable wedding insurance in Johannesburg, South Africa. When it comes to planning a wedding, there are a lot of things to account for such as venues, photographers, attire, and much more. Before you realize it, your budgets quickly climb into the tens of thousands of dollars.
Not to mention the amount of time you dedicate to planning. Wedding insurance is one of the most cost-effective and priceless investments you can make towards your special day. If unexpected circumstances disrupt your ability to throw a wedding, insurance can protect you from allowing all the money invested to wash down the drain.
Unforeseen situations giving rise to the postponement or cancellation of a wedding, and last-minute disappointment from suppliers can leave you with extra expenses of $10,000 or $20,000, the worst is, that you can even go bankrupt as a result.
Fortunately, wedding insurance gives coverage for several circumstances that could force you to reschedule or cancel your wedding. To help you understand what is, and is not covered as well as the affordable wedding insurance in Johannesburg, South Africa costs, we’ve put together this guide.
Wedding insurance gives you that tranquility should things go awry, it is also a guarantee that your wedding investment is secured. Keep reading to find out why this often overlooked expense is one of the most significant sacrifices you’ll make towards your big day.
Read Also: Affordable Wedding Insurance in California
What does wedding insurance cover?
Wedding insurance has two coverage options available: liability insurance and event cancellation insurance. It is advised that couples should consider investing in both policies.
This covers you if an accident or injury arises during the celebration or damage is caused to the wedding venue. Also, if you plan to serve alcohol at your wedding, alcohol liability coverage is a must because it covers the damages caused by third parties.
On the other hand, protects you from losing money if your situation warrants you to reschedule or cancel the wedding. However, event cancellation insurance does not give compensation for your deposits if you choose not to go through with the wedding. This form of wedding insurance majorly applies to unexpected events like injuries or severe weather events. That is, if a hurricane strikes or an injury prevents an important member of the family from attending, your insurer will protect you from losing money.
Vendors Related Concerns
Another major thing covered by wedding insurance includes vendor-related issues. This is the number one reason couples make claims on their wedding insurance policy. Hence, you are covered if there are vendors or suppliers no-shows or they run out of business
You can add to your coverage by subscribing to some enhancement packages. These packages cover specific needs not included in your main policy. Moreso, if you envisaged receiving a lot of wedding presents, you might want to consider adding to your limits. This is to cover for any losses should gifts get stolen or misplaced.
But note that coverage ranges based on the wedding insurance provider.
Affordable Wedding Insurance in Johannesburg South Africa
I Do Insure
This insurance firm is one of the trusted and affordable wedding insurance providers in Johannesburg South Africa. Although, it was founded in 2018 by Zavion Kotve; who has about 8 years of experience in the wedding industry. Not only that, he has also witnessed firsthand all the different aspects that could go wrong on that day or during the cause of planning an eventful occasion. From bad weather, to dress problems and wedding cakes that are a flop; Zavion took it upon himself to carry out research about the in and out of wedding insurance.
He wonders how easy it is for people to insure other areas of their lives such as homes, auto, pets, and even life insurance, why shouldn’t one insure the most significant day of one’s life – Wedding?
To make I Do Insure more credible in the world of insurance, they liaise with top insurers in the field. One which was a perfect fit for them was ITOO Special Risks.
When it comes to managing specialty risks, iTOO is an expert. Plus their values aligned well with the goals and visions of I Do Insure.
The products and services offered by I Do Insure are well-customized to fit the budget and needs of clients. Visit Website.
Phone: +27 11 312 6784
Address: Waterford Office Park, 41 Waterford Dr, Fourways, Johannesburg, 2191, South Africa
iTOO Special Risks
iTOO Insurance is a special risks insurance carrier working as Hollard’s preferred underwriter of specialty products. This highly reputable firm is a niche home for businesses, start-ups, and specialist UMAs. iTOO partners with over 650 brokers across the country and their services are available nationwide and in chosen African areas all year round and around the clock.
It is needless to say, they are leading professionals in what they do. Hence, you can trust them with your investments. iTOO possesses the technical expertise in every area of insurance needs and is passionate about solving any and every of clients’ problem.” Visit Website.
Phone: +27 11 351 4734
Address: Florence House, Villa Arcadia, 22 Oxford Rd, Parktown, Johannesburg, 2193, South Africa
Genesis Insurance Brokers
Genesis is a highly respected national team of successful Insurance Brokers, Risk Advisory, and Claims Management organizations since 1994. As a registered Financial Services Provider since 2004, their expertise in the wide field insurance market is impeccable. Coupled with their longstanding connections with a broad range of product carriers. Additionally, the company has built and maintained solid working relationships with South Africa’s top insurance service providers.
However, all these imply that Genesis Insurance Brokers can deliver sound advice on personalized insurance needs that deliver complete peace of mind.” Hence making them one of the best affordable wedding insurance in Johannesburg South Africa. Visit Website.
Phone: +27 11 789 7845
Address: 41 Waterford Office Park, Waterford Drive, Fourways, Sandton, 2146, South Africa.
Wedinsure Wedding Insurance
Wedinsure is a brand name of Insuremore which started operation in February 2017. Ever since the firm has grown tremendously to become one of the largest wedding insurance carriers present in the UK and abroad.
Owing to Wedinsure exceptional performance in the insurance world, the company was awarded in 2019 at the Insurance Choice Awards, as the Best Wedding Insurance Provider.
Furthermore, the firm forms a connection with White Horse Insurance Ireland dac to give excellent coverage or service for couples planning weddings in the UK. White Horse was founded in 1999 and is based in the Republic of Ireland. The organization functions as a broad insurer providing couples with high-quality security products.
The partnership between these two industries has not only brought excellent services to clients but also enabled Wedinsure to offer top-notch and cost-effective products to customers (Coverage start price as little as £43.99. Hence, creating hundreds of thousands of satisfied customers.
Wedinsure is still working tirelessly to ensure exceptional and quality service is provided every time to all clients. Visit Website.
Phone: 0800 005 1261
Wedding Insurance FAQs
Does wedding insurance cover illness?
Not all cases of illness or injuries are covered but in situation whereby any of the couple, or a very close relative or an officiant be unable to attend the wedding. This kind of event will be qualified for coverage under a wedding insurance policy.
In addition, there is also an option to upgrade your policy to cover your honeymoon in the event of illness or injury that might force you to reschedule or cancel.
Albeit, not all forms of illness will be insured under your wedding insurance policy. For instance, if the illness is a result of an already known condition, it will likely not be covered.
How much does wedding insurance cost?
The cost of wedding insurance can vary widely based on a few elements specific to your wedding day. Some elements like the number of attendees gracing your wedding, the challenges common in your area, and the choice of coverage you subscribe to, will all affect the overall cost of wedding insurance.
However, with the level of tranquility offered by wedding insurance, the price paid for it is considerably less.
It’s one of the smartest investments you’ll make towards your wedding day, and the protection you gain is huge.
The exact fee you pay for your wedding insurance will depend on the level of risk you’re comfortable with, as you can choose to add to your coverage to cater to some specific risks. In the end, you are likely to spend somewhere between $100 to $1000 to secure your special day from financial setbacks.
How Soon Can I Take Out Wedding Insurance?
The simple answer is to take out wedding insurance as soon as you fix a date for your wedding. Although several wedding insurers might have restrictions on how early you can buy a policy. Therefore, it’s a great idea to have wedding insurance put in place around the same time you start booking suppliers and making deposits for your wedding.
By taking out wedding insurance early, there is a guarantee that your financial commitments are secure in case anything happens between the time you sign the contract with suppliers or vendors and the day of your wedding.