As Wedding Costs Soar, Insurance Becomes Crucial

• Weddings are becoming costlier (average Rs 39.5 lakh, destination Rs 58 lakh), increasing financial vulnerability to mishaps.
• Wedding insurance offers financial protection against unforeseen events like cancellations, vendor defaults, extreme weather, or medical emergencies.
• Coverage includes cancellation/postponement, loss/damage to items (attire, jewelry, gifts), third-party liability (guest injury, property damage, food poisoning), and sometimes burglary.
• Premiums are typically 0.2-0.4% of the sum insured, varying by wedding scale and budget; it's advised to cover the total wedding cost.
• Exclusions include war, terrorism, strikes, self-inflicted harm, and consequential loss; it's particularly relevant for complex destination weddings.

Why It Matters: Safeguards your expensive wedding from unforeseen financial losses.