No less than 12,000 euros, that's the average price of a wedding in France.
An amount often collected thanks to family donations and savings made over many months.
With such financial stakes on the table, we understand that the smooth running of the celebrations is not only a priority for the bride and groom, but also a necessity.
As a precaution, some are then tempted to cover this event by taking out “marriage cancellation or postponement” insurance.
What does it consist of?
Is it worth it?
A la carte coverage
Although not widely used, this type of coverage at first glance offers rather advantageous protection for couples and their loved ones. Most often, these contracts cover serious situations such as illness, accident or even the death of one of the fiancés, of a member of his close family (parents, children, brothers and sisters) or of a witness. Can also be taken into account unforeseeable events such as a transport strike or a natural disaster rendering the place of reception unusable. On the other hand, there is nothing to do if one of the spouses says "no" in front of the altar ...
If one of the situations provided for in the contract occurs, the insurance covers the costs already incurred by the bride and groom and are not refundable.
Depending on the extent of the coverage chosen, this can range from the deposit paid to certain providers such as the room and the caterer, to the purchase of the wedding dress, the photographer's stamp, the order of flowers or the reservation of the honeymoon.
It all depends on the insured benefits and risks.
Flexibility in addition
Marriage cancellation or postponement insurance can be taken out between a year and a month before the big day.
Enough to give couples time for reflection and why not make up their mind a few weeks before the wedding because of the unforeseen magnitude they have suddenly taken on.
Especially since the cost of this insurance is rather reasonable since it corresponds to 2 or even 3% of the costs incurred, or some 360 euros of premium to be paid for a wedding of 12,000 euros.
Risk appetite
Like any insurance, this has limits.
In particular, insured guests must be under the age of 90 and be as healthy as possible.
The guarantee only works if the illness or accident preventing the marriage from taking place has not been noted before the contract is taken out.
In short: if your cardiac grandmother is urgently hospitalized because of a heart attack the day before the wedding, the insurance will not apply.
As for the risks associated with the health crisis, the insurance can exclude cancellation due to epidemic.
Before turning to specific protection and pushing the bill even higher, therefore, first of all read all the contracts with your service providers (caterer, room, music) to find out the accepted hypotheses for cancellation and reimbursement.
And, to put it into perspective, remember that out of nearly 240,000 marriages celebrated each year, less than 1% are canceled.
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