Indian weddings are an expensive affair; given the fact, the event is extravagant and demands a significant expense in all. An enormous amount goes into buying the bridal outfit teamed with accessories and other items such as shoes and cosmetics.
Further, with up-gradation and change in people’s choices, people are now looking for wedding dresses that are custom-tailored by famous designers. Consequently, having a wedding insurance policy can back you financially in case of the dress being damaged or stolen.
Things to look before choosing the wedding insurance cover
Insurance covers come with several features, and people often fail to recognize the potential features and benefits that are associated with it. This, in turn, restrains them from making the most of such insurance covers.
Here is a list of features that you should consider before you buy a marriage dress insurance policy.
- Extent of coverage
Wedding insurance cover is likely to offer coverage for your wedding dress during instances such as –
- Theft or burglary.
- Damage due to fire or storm or explosion, etc.
- Unintentional damage.
Ensure if the insurance plan provides coverage under these conditions, which are quite common and can easily cause damage to your wedding dress. To avoid future hassles during claims, you can apply with a reputed financial institution, Bajaj Finserv, who offers Pocket Insurance & Subscriptions like the Wedding Dress Insurance policy.
Here, you can benefit from coverage of a higher amount of Rs.50,000 with a minimal yearly premium and meet your financial obligations in case of damage or theft of a wedding dress.
- Duration of cover
Check for the period of coverage before you buy a wedding dress insurance cover. Various insurance aggregators have their respective terms after purchasing, during which you can place the claim.
It is recommended that you opt for an insurance policy that provides a more prolonged duration of coverage. The longer-term will allow you to wear your wedding dress on other occasions without any worry.
Besides, you can also purchase a shoe insurance policy given the fact that an expensive pair of shoes complement your wedding dress. To safeguard them financially against any damage, this insurance plan can be beneficial as it provides a higher amount of coverage.
- Amount of premium
Purchasing the wedding insurance cover from a reputed financial organization will enable you to realize the full potential of these policies. They provide a higher amount and cover several instances when you can place the claim with the provider.
Also, if you are looking for an insurance policy that will cover losses incurred during the whole event; you can opt for an event insurance policy as well. You can claim the benefits in case the wedding gets canceled due to an unavoidable circumstance.
- Ease of application
Various insurance providers enable users to apply for wedding dress insurance cover in only three simple steps. All you have to do is log in to the official website of the insurance provider, fill up the application form with necessary details and make the payment for the same.
You can make the payment for your first and subsequent premiums online via net banking, debit/credit cards, UPI as per your convenience.
- Claim procedure
Reputed insurance providers have simplified the application process as well. Make sure you check for the same before zeroing on one. Opt for a provider that allows you to place a claim within 24 hours of informing them.
Altogether, an insurance plan helps you financially in covering your losses. Make sure you choose the wedding insurance policy that provides you with the most benefits.