The cost of wedding insurance can vary based on several factors, including the coverage amount, location, and specific policy details. However, I can provide a general overview of what you might expect:

Basic Coverage:

A basic wedding insurance policy typically covers cancellation or postponement due to unforeseen circumstances (such as extreme weather, illness, or accidents). The cost for basic coverage can range from Rs. 10,000-15,000 in premium for the duration of the wedding.

Enhanced Coverage:

If you want additional protection, such as liability coverage (for accidents or property damage during the event) or coverage for vendor-related issues (like a vendor going out of business), the cost may increase. Cost-effective premiums, typically ranging from 0.7% to 2% of the total insured amount. 

High-Value Weddings:

For weddings with a higher budget or more expensive elements (such as designer dresses, lavish venues, or valuable jewelry), the insurance premium will be higher. High-value weddings might require coverage in the range of $1,000 to $5,000 or more.

Geographic Location:

Wedding insurance costs can also vary based on where the wedding is taking place. Urban areas or popular wedding destinations may have higher premiums compared to rural locations. A Rs 20-lakh cover for a wedding in Mumbai or Delhi will cost between Rs 10,000-20,000,

Coverage Limits:

The coverage limits (the maximum amount the insurance will pay out) play a significant role. Higher coverage limits mean higher premiums.

Deductibles:

Some policies have deductibles (the amount you pay out of pocket before the insurance kicks in). Opting for a lower deductible will increase the premium.

Remember that these are approximate figures, and actual costs can vary. It’s essential to compare quotes from different insurance providers and choose a policy that aligns with your specific needs and budget. Always read the policy terms carefully and ask questions if anything is unclear. 🌟

If you’re considering wedding insurance, I recommend reaching out to insurance companies or brokers to get personalized quotes based on your unique circumstances. 😊🎩👰