Protects against losing non-refundable deposits and costs if a wedding is cancelled or postponed for a covered reason.
How it works
Estimated cancellation probability times the non-refundable event cost at risk gives the expected loss. Subtracting the premium gives the net expected value of carrying the policy.
What this does not include
This doesn’t include liability coverage (a separate common wedding insurance component, covering injury or property damage at the venue) — this calculator focuses on cancellation/postponement cost protection only.
How to use this calculator
- Enter the non-refundable event cost at risk, estimated cancellation probability, and premium.
Frequently asked questions
What typically triggers a wedding insurance payout?
Common covered reasons include vendor bankruptcy, extreme weather, military deployment, or sudden illness — most policies exclude a simple change of heart by either partner.
How much do wedding insurance premiums typically cost?
Often a few hundred dollars, varying by total coverage amount and specific policy features — a small fraction of typical non-refundable wedding deposits.
Is wedding insurance worth it for a low-cost wedding?
The expected-value math generally favors insurance more as non-refundable costs at risk grow larger — a modest, low-deposit wedding may have less to protect relative to the premium cost.
