By RENAISSANCE ALLIANCE
Like millions of other couples this year, you may be putting the finishing touches on your wedding plans. In 2018, there were an average of 6,200 weddings per day in the United States, but some months are more popular than others. Spring is an active time, with 10% of all weddings in May and 11% in June. Statistics say the average wedding budget is $ 20,000 and the average number of guests is 178. With COVID restrictions in most states, the 2021 wedding season should feel much more normal than 2020.
From the event to the honeymoon, it's a big deal with many details, so it can be easy to overlook insurance. But we are not just talking about wedding through t insurance, as if you are planning an expensive event, you should definitely consider covering cancellations or losses such as stolen gifts, damaged photos, rings or dresses and other unforeseen problems. . In this case, we are talking about insurance issues that you and your spouse should consider when starting a financial life together.
The National Association of Insurance Commissioners (NAIC) offers a practical tip on insurance issues for engaged couples to discuss: Combine Your Insurance: Just Get Engaged? Do not forget to talk about insurance. It discusses decision points and money-saving tips for homeowners and tenant insurance, car insurance, health insurance and life insurance. you through all the considerations both for the event itself and for the different coverage options you need in the future. When you start a new life together, you undoubtedly have many hopes, plans and dreams. The right coverage can keep you on track by protecting you from unexpected losses. Your agent will know the best coverage options and efforts to save money.
Below is an infographic insurance survival guide for newlyweds, also from NAIC. (For a larger version, click on the link or image).