Wedding Insurance Surges: Protect Your Big Day's Big Budget Up to Rs 7 Crore

• Wedding insurance is gaining traction as wedding budgets, especially for premium and destination events, soar, prompting families to seek financial security.
• Luxury and heritage hotels report higher demand for experiential weddings, with bookings made 6-9 months in advance, increasing financial commitments.
• Key risks covered include vendor failure, weather disruptions, accidental injuries, property damage, and last-minute cancellations, as identified by insurance companies.
• Policies offer coverage from Rs 75 lakh to Rs 7 crore, with premiums typically ranging from 0.20-0.50% of the total wedding budget.
• Bundled plans from providers like ICICI Lombard and Future Generali cover cancellation, liability, valuables, and travel risks, offering comprehensive protection.

Why It Matters: Modern high-value weddings demand financial protection; insurance offers peace of mind against unforeseen risks.