The Paradiso Insurance Blog

Weddings can be large and expensive spectacles. Although the recent economy has forced brides to consider scaling back their plans, the average cost of a wedding still approaches $30,000. Appropriately, it has become quite common to arrange for special protection for this extremely important, personal event.

Wedding insurance is not standardized, so policy wording can be quite different among the specialty insurance companies that offer the protection. Wedding insurance can help protect against the huge expenses suffered if, for certain reasons, the wedding is either postponed or is cancelled. Protection can be purchased to respond to loss involving unrecoverable expenses as well as to lawsuits that result from a wedding that is held as planned.

In most instances, to qualify for coverage, the wedding’s cancellation or delay has to be caused by an eligible source of loss/disruption such as catastrophic weather, a church where the wedding is to be held suffers smoke damage and is suddenly closed, or the reception caterer closes her business the day before the wedding.

Items covered by the policy are usually expenses that can’t be recovered (non-refundable). Eligible expenses often include the following:

• Facility Rental (church, reception halls, etc.) Costs
• Catering Costs
• Clothing Rental Fees
• Photographer Fees (in some cases, videographer fees may also qualify)
• Hotel Costs
• Transportation Costs (limos, taxi costs for transporting wedding party or guests incurred by insured or honoree)
• Air Transportation
• Other miscellaneous, non-refundable costs

Eligible expenses include those related to the honeymoon as well. Examples of “Other expenses” may be the deposits for services, such as florists, entertainers, etc. Naturally, payment of these costs is subject to the policy’s limit.

Wedding Personal Liability

When this coverage applies is purchased, the insurance company will protect the insured against losses or lawsuits that allege that the insured/honoree is responsible for bodily injury, personal injury or property damage to a third party. However, any claim must be due to an incident that takes place at the wedding (including reception). The coverage obligation does not only apply to losses, but also includes a duty to legally defend an insured/honoree against claims/losses.

Example: The Brydals are sued by a best man who was seriously injured when the nervous groom turned abruptly to get the wedding ring and knocked the best man off a podium.

Additional Coverage

Many wedding policies offer additional coverages such as:

• Photographs and Video Tape Coverage
• Gift Coverage
• Rented Property Coverage
• Special Attire Coverage
• Jewelry Coverage

When some accident comes about to turn the big day into the big cancellation or the big disaster; having wedding insurance could take the financial sting out of the situation.

When couples plan a wedding, they often try to cut down on excess expenses after the affair is planned out.  Do your guests really need roast duck?  Why are the tablecloths so pricey? Does the cake really need to be that expensive?   There are many ways to trim down the extraordinary price of weddings. 

One thing couples should definitely not forgo is wedding insurance.  Wedding insurance offers customers protection against rescheduling frees, loss of deposits, and (with some policies) damages to gowns or suits.  Here at Paradiso Insurance, this protection is a bargain priced at around $350. 

While some couples would opt to not purchase insurance, we HIGHLY recommend that all couples take a look at protection for their special day.  A wedding disaster could end up costing thousands of dollars.  Don’t forgo wedding insurance: it’s worth every penny.  Contact Chris Paradiso for more information or call us at (860) 684-5270.

- The Paradiso Team

Paradiso Insurance understands the importance of having coverage and being prepared for all types of circumstances. Paul T Murphy Insurance Company shared a great blog that we had to pass on to you!  If you have an event planned during the Winter months, this blog is a great read with helpful tips!

It’s almost spring time, is your wedding insured?  For a ridiculously cheap price we can cover almost every aspect of your wedding.

Give us a call at 800.660.2991 or check out our wedding insurance page for more information!

- The Paradiso Insurance Team

 Homeowner’s insurance is the best way to protect the valuables inside your home.  In case of theft or a fire, everything inside your house is covered.  This includes jewelry.  However, if you have a particularly nice piece, you may want to schedule that item with your insurance company.  Scheduling an item means that you put it on a list of valuable items you wish you add extra coverage to.  Under a basic homeowner’s policy, your ring would not be covered in case of a lost or chipped stone.  Let’s say for example you own this beautiful ring to the right of this post.  This gorgeous Ceylon Sapphire from Sri Lanka (for sale by New England Gemstone Supply in Vernon, Connecticut) is expensive enough that you may want to purchase added security.  If the stone is lost, you are covered under your valuable item policy.  The insurance company will supply you with a stone of the same cut, clarity, and size.  It the entire ring is lost, your insurance company will likely cover the cost of a replacement.  Expensive jewelry should always be placed under its own policy.  Computers, cameras, coins, and anything with great value should also be scheduled.  For more information, contact Chris Paradiso at 800-660-2991 or visit our website!

 - The Paradiso Team

Since the start of this blog, the most written about subject has been wedding insurance.  Here at Paradiso Insurance, our goal is to help our customers as much as possible.  Wedding insurance is just another way we can protect you.

Recently, the Paradiso Team came in contact with a person who knows firsthand the importance of wedding insurance.  She has been incredibly helpful, and we look forward to helping her out in return.  Her story, as hard as it is to tell, shows firsthand how important wedding insurance can be.

“I work closely with my dad who works for a local insurance company, and he was recently (2 years ago) approached about selling wedding insurance.  The reason that I recommend this type of insurance is because I was going to get married last summer and 2 weeks before the wedding my fiance called it off.

I had not purchased insurance because I thought my dad was crazy for suggesting I buy it, especially after planning for so many year; after all the wedding was going to happen.

Needless to say my family and myself lost a ton of money because the event did not happen.  I have also witnessed a handful of weddings that were booked here and then were cancelled within the last week. Some because one or the other were going to war, others because of situations similar to mine.

I guess when you are in the planning stages of a wedding you are so focused on the event that it is very difficult to think that you may in fact not have a wedding or need insurance to cover some sort of disaster.”

If you are looking to have a formal wedding, let us cover you.  To find out more, call us at 800.660.2991 or visit our website for a free quote.

- Dan from The Paradiso Team wants to thank LH for her story.

Since the start of this blog, the most written about subject has been wedding insurance.  Here at Paradiso Insurance, our goal is to help our customers as much as possible.  Wedding insurance is just another way we can protect you.

Recently, the Paradiso Team came in contact with a person who knows firsthand the importance of wedding insurance.  She has been incredibly helpful, and we look forward to helping her out in return.  Her story, as hard as it is to tell, shows firsthand how important wedding insurance can be.

“I work closely with my dad who works for a local insurance company, and he was recently (2 years ago) approached about selling wedding insurance.  The reason that I recommend this type of insurance is because I was going to get married last summer and 2 weeks before the wedding my fiance called it off.

I had not purchased insurance because I thought my dad was crazy for suggesting I buy it, especially after planning for so many year; after all the wedding was going to happen.

 

Needless to say my family and myself lost a ton of money because the event did not happen.  I have also witnessed a handful of weddings that were booked here and then were cancelled within the last week. Some because one or the other were going to war, others because of situations similar to mine.

I guess when you are in the planning stages of a wedding you are so focused on the event that it is very difficult to think that you may in fact not have a wedding or need insurance to cover some sort of disaster.”

If you are looking to have a formal wedding, let us cover you.  To find out more, call us at 800.660.2991 or visit our website for a free quote.

- Dan from The Paradiso Team wants to thank LH for her story.

To start this blog, we (Paradiso Insurance) want to thank the armed forces abroad for their bravery and dedication to our country.  It takes a strong person to put their lives on the line for others.  Your selfless actions go beyond valor. 

Many people in the Armed Forces have girlfriends or boyfriends who live at home.  Often, people wish to get married before they are deployed.  Even if you are not on active duty, it is incredibly important to consider wedding insurance.  Let’s say for example that PFC Miller is home for a few months before being deployed again.  He and his girlfriend of 4 years, decide to marry one another before he heads back overseas to fight.  They make all the arrangements – cateres, venue, pastor, everything.  Unfortunately, PFC Miller hears from his CO that he is to be deployed earlier than expected.  The wedding must be postponed.  Without wedding insurance, the Miller’s would have lost their deposits and a great deal of money.  With wedding insurance, however, they are covered.  Their insurance company will reimburse them for their lost funds. 

Wedding insurance is incredibly important whether you are in the Armed Forces or not.  For a free quote, visit our website or call us at 800.660.2991.

- The Paradiso Team

Since the start of this blog, the most written about subject has been wedding insurance.  Here at Paradiso Insurance, our goal is to help our customers as much as possible.  Wedding insurance is just another way we can protect you.

Recently, the Paradiso Team came in contact with a person who knows firsthand the importance of wedding insurance.  She has been incredibly helpful, and we look forward to helping her out in return.  Her story, as hard as it is to tell, shows firsthand how important wedding insurance can be.

“I work closely with my dad who works for a local insurance company, and he was recently (2 years ago) approached about selling wedding insurance.  The reason that I recommend this type of insurance is because I was going to get married last summer and 2 weeks before the wedding my fiance called it off.

I had not purchased insurance because I thought my dad was crazy for suggesting I buy it, especially after planning for so many year; after all the wedding was going to happen.

Needless to say my family and myself lost a ton of money because the event did not happen.  I have also witnessed a handful of weddings that were booked here and then were cancelled within the last week. Some because one or the other were going to war, others because of situations similar to mine.

I guess when you are in the planning stages of a wedding you are so focused on the event that it is very difficult to think that you may in fact not have a wedding or need insurance to cover some sort of disaster.”

If you are looking to have a formal wedding, let us cover you.  To find out more, call us at 800.660.2991 or visit our website for a free quote.

- The Paradiso Team wants to thank LH for her story.

When something is important to you, insurance is something you will likely purchase to cover that item.  Rings, cars, even coins can have their own policies that cover you incase of an accident.  Life insurance protects something even more precious.  But one type of insurance that is constantly forgotten is wedding insurance.  Weddings are important too!  When most people think of insurance, they think about the bill they pay to keep their auto or homeowner’s policy in effect.  Wedding insurance is different.  For one small premium, your wedding is covered.  At bare minimum, you are protected in case your wedding is rescheduled and your deposits are lost.  Coverage can be expanded to include many other things, too!  Here at Paradiso Insurance, we know that your wedding is incredibly special to you.  Call us at 800.660.2991 and let us protect your special day.  

- The Paradiso Team

Insurance is purchased for one reason: to protect your self from monetary loss. From rings to cars, from homes to health, you should always be covered. Usually, your most valuable and precious items are insured. Your wedding day is the most special day of your life. Shouldn’t you insure it? Visit us at www.paradisoinsurance.com for more information!

- The Paradiso Team

Buying insurance for weddings is a relatively new idea. Before the 1990s, nobody had even heard of such a policy! However, as weddings became more and more elaborate, couples started to look for coverage. What if the groom is injured? What if the deposit is lost if the venue closes? The price of a venue and catering alone can be astronomical. Business savvy couples understood the need to be financially protected incase of a problem. There are thousands of couples who realized that fact the hard way. In Houston, Texas, Hurricane Ike damaged many wedding venues. According to the Houston Business Journal, over $2 million is missing from the pockets of brides and grooms. Unfortunately, many of these couples will never see their deposits returned. For those who purchased wedding insurance, however, their deposits will be returned in full by their insurance company. This insurance is cheap: most policies cost around $350. Protect your special day! For a free quote, visit our website or call Chris at 800.660.2991! – The Paradiso Team

Ceylon Sapphire

            Homeowner’s insurance is the best way to protect the valuables inside your home.  In case of theft or a fire, everything inside your house is covered.  This includes jewelry.  However, if you have a particularly nice piece, you may want to schedule that item with your insurance company.  Scheduling an item means that you put it on a list of valuable items you wish you add extra coverage to.  Under a basic homeowner’s policy, your ring would not be covered in case of a lost or chipped stone.  Let’s say for example you own this beautiful ring at the top of this post.  This gorgeous Ceylon Sapphire from Sri Lanka (for sale by New England Gemstone Supply in Vernon, Connecticut) is expensive enough that you may want to purchase added security.  If the stone is lost, you are covered under your valuable item policy.  The insurance company will supply you with a stone of the same cut, clarity, and size.  It the entire ring is lost, your insurance company will likely cover the cost of a replacement.  Expensive jewelry should always be placed under its own policy.  Computers, cameras, coins, and anything with great value should also be scheduled.  For more information, contact Chris Paradiso at 800-660-2991 or visit our website.

 - The Paradiso Team

     When couples plan a wedding, they often try to cut down on excess expenses after the affair is planned out.  Do your guests really need roast duck?  Why are the tablecloths so pricey? Does the cake really need to be that expensive?   There are many ways to trim down the extraordinary price of weddings.  One thing couples should definitely not forgo is wedding insurance.  Wedding insurance offers customers protection against rescheduling frees, loss of deposits, and (with some policies) damages to gowns or suits.  Here at Paradiso Insurance, this protection is a bargain priced at around $350.  While some couples would opt to not purchase insurance, we HIGHLY recommend that all couples take a look at protection for their special day.  A wedding disaster could end up costing thousands of dollars.  Don’t forgo wedding insurance: it’s worth every penny.  Contact Chris Paradiso for more information or call us at 800-660-2991.

- The Paradiso Team

            So you’ve always dreamed of a beautiful winter wedding near the Litchfield hills in northwestern Connecticut.  Unfortunately, the weather that particular day managed to produce over a foot of snow and your perfect venue refuses to refund your deposit. No worries! Your wedding insurance will cover (in full) the cost of the cancellation and rescheduling process.  Wedding insurance is a relatively new way to protect your special day.  For years, the average price of weddings has been creeping skyward.  Nowadays, if you are looking to have a formal wedding, expect to pay over $25,000.  In this economy, that is a sizeable sum of money.  However, is it worth the trouble to insure your wedding?  Absolutely!  Let’s say for example that on the way to your wedding, your husband-to-be is in a car accident.  The wedding clearly cannot continue.  Most venues will not refund your money for the cancellation (if they do, don’t expect anywhere near a full refund).  Now, I know what you are thinking: wedding insurance must cost a fortune!  Not true.  For an average policy, expect to pay around $350.  Don’t let your special day be ruined.  Contact Chris Paradiso at Paradiso Insurance for more information.

            – The Paradiso Team