North India Statesman
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After purchasing a house, marriage is the second largest financial expenditure of any person’s life. In such a situation, when you are spending such a huge amount, it becomes equally important to insure it. Nowadays marriage insurance is quite popular. Let’s know what it is and why it is important for you.
What is marriage insurance?
Nowadays, millions of crores are spent in weddings. In such a situation, wedding insurance is very important to compensate for any unexpected cause in marriage. This is a cover that protects us from financial losses caused by any disruption, including the cancellation or postponement of the wedding ceremony. Wedding insurance also covers the possibility of damage to personal or public property due to natural and man -made threats.
What are the benefits of marriage insurance?
Marriage insurance provides protection from many unexpected risks. It causes the cancellation of marriage, damage to property or injury/death due to natural and man -made disasters.
Marriage insurance includes these things
Natural disasters
Circumstances like unseasonal rain, storm, hailstorm, sand storms, tsunamis and divine acts.
Damage to marriage venue
Fire and its related threats, earthquakes, floods, cyclones (because the program has been canceled), make the venue unusable.
Man -made disasters and other circumstances
Riot, curfew (declared by local police and/or concerned government authorities).
Family program
During the policy period, unexpected incidents such as the death or accident of the bride, bride and blood relatives (bride/groom’s parents, sisters) are also covered under this policy.
Add-on and riders
Wedding insurance policies often provide add-on and riders. These additional coverage, such as dress and honeymoon coverage, can prove to be extremely important in some situations. For example, imagine that if the wedding gown is damaged or lost on the way, the dress coverage rider can save that particular day from being ruined. Similarly, honeymoon coverage can also provide financial security in case of an unexpected event during the journey. Marriage insurance not only protects your large financial investment, but it also frees you and your family from the stress of unexpected conditions, which makes you enjoy your special day.
