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Credit Card Protection & Wedding Insurance
As with anything that costs a lot of money, weddings come with some risks.
What happens if your wedding venue or bridal shop goes out of business, or someone who’s a key part of the wedding falls ill, and you need to postpone your big day?
Remember when the Wild Pheasant in Llangollen suddenly went into administration in 2016, at the height of the wedding season, leaving lots of brides and grooms heartbroken?
The disruption and frustration is bad enough, but it could also leave you out of pocket, and unable to make alternative arrangements through lack of funds.
Credit Card and Paypal Protection
If you’ve paid for something by credit card (or even part of it), you get some protection. Under the Consumer Credit Act, the credit card company are liable if there’s a problem with the product supplied, or if the business your dealing with goes bust. It covers any purchases from £10 to £30,000, and it’s free.
And Paypal offers Buyer Protection, if you use them for purchases on Ebay or other websites.
But for purchases by debit card, bank transfer or other methods, you're not protected, so for those payment methods, and for other risks, it's worth taking out wedding insurance. So that if you have to cancel or re-arrange the wedding because of illness, or a major supplier fails, you'll be covered.
Thankfully, the risk of something like that happening is quite small. And that means that insurance premiums are relatively low, compared to how much you’ll spend on your wedding. You’ll get £10,000 of cover for a one-off payment of around £50, or £20,000 for £100. The cost is small, but the benefit enormous.
Debenhams and John Lewis are probably the most familiar names in the market, but there’s a few specialist companies too - a quick search for ‘Compare Wedding Insurance’ will turn up some price comparison websites to help you find the right deal. When comparing policies, check the small print and whether they cover things you've already paid for - some policies don't.