Posts Tagged ‘Wedding Insurance’

How Much Wedding Insurance Do You Need?

Monday, January 18th, 2010

There are four different types of wedding insurance offered by
SmartQuotes.ie

We thought it would be beneficial to take a sample wedding of 150 people and see what a suitable level of insurance would be.  We used the main costs for the purposes of this exercise and other costs should be considered.

Description Before or After € Paid before Note
Drink 3,600 After - No Note
Hotel – Food etc 15,000 Both 10,500 Probably 70% before
Dress 3,000 Before 3,000 No Note
Make up and Hair 600 Both 300 Probably 50% deposit
Flowers 1,500 Both 750 Probably 50% deposit
Band 3,000 Both 1,500 Probably 50% deposit
Photography 1,500 Both 750 Probably 50% deposit
Video 1,500 Both 750 Probably 50% deposit
Church & Music 1,000 After No Note
Cars 1,000 Both 500 Probably 50% deposit
Suit Hire 750 Both 375 Probably 50% deposit
Cake 500 Both 250 Probably 50% deposit
Rings 1,000 Both 500 Probably 50% deposit
Other 5,000 Both 2,500 Probably 50% deposit
Totals 20,350 11,175

In the case of the above example the suitable plan would be the 3* at a cost of €99 which would cover most of the costs paid in advance of the wedding. This would offer failure of supplier cover up to €5,000 which an option to increase this to €10,000 at a cost of an additional  €29.  In the current economic environment this may be worthwhile considering for peace of mind.

SmartQuotes.ie offer wedding insurance from €69.99. Click here.

“All figures are correct at the time of publishing.  These figures are for illustrative purposes only.  If Financial Advice is required you should contact SmartQuotes (trading name of PFP Financial Services Limited”

Marriage Can Save You Money!

Monday, January 4th, 2010

It is sometimes overlooked by newly married couples that as well as having the ability to be assessed jointly after marriage (which can in certain cases lead to a tax saving) they can apply for a year of marriage review.

Depending on the income levels and the date of marriage this can be a significant saving.  The process is very straightforward.  The revenue have a very useful guide here.

SmartQuotes.ie offer cheap wedding insurance from €69.99.  This covers a range of eventualities including cover against the main provider of the funds for the wedding being made redundant.  In these current economic times it can provide peace of mind in the mist of all the chaos around planning a wedding.  For full details go to our wedding insurance page here.

Wedding Insurance Ireland

Friday, November 27th, 2009

Wedding insurance is a relatively new product on the insurance market.  In
order to ascertain the benefits I thought it would be worthwhile publishing
a few bullet points on the cover.  The main points of cover are

- Cancellation and rearrangement of wedding due to issue such as damage to
the venue, death of relative etc.
- No show of band/ photographer etc.
- Redundancy (subject to conditions) of bride, groom or relative who was
due to pay for a portion of the wedding
- Failure of suppliers including hotel, cake suppliers or anyone else who
has been paid a deposit
- Bad weather which causes cancellation

The level of cover depends on the policy taken out.

Another tip. It is worth considering paying deposits/ stage payments by
credit card.  If the hotel were to go bust you would have recourse in most
cases to the credit card provider.

With SmartQuotes.ie you can obtain discount wedding insurance for your big
day.  Go to http://smartquotes.ie/wedding-insurance/