Our insurance policies lapsed due to agent's lack of understanding of financial paper work required to cover our risks. We experienced BimaGenieTM 's "Operate from Client Site" philosophy, when their experienced resources helped us organise the required paper work operating from our office. They conducted a GAP analysis and recommended risk management solutions for all our outlets.
In that highly romantic revelry filled days, expectant of a forth coming wedding , no one will ever dare to think of something going wrong somewhere. It is a taboo too to think inauspicious of a ceremony so sacred like marriages. But with the Indian fat wedding getting even bigger in glitz, frills, pomp and colour these occasions are also susceptible to eventualities like accidents or fire like any other mega events. With the rich are more and more going for destination and concept weddings, the annual Indian wedding spend is expected to touch 2000 crore in the immediate future. Even die -hard religious and superstitious people may not like to take a chance to see their money ruined just in case something happens. To their help many of the Insurance Companies are offering Wedding Insurance.
The most common cover is for postponement or cancellation of a wedding in case the bride or grooms gets injured in an accident or if any of their blood relatives are hospitalize. The Policy covers for perils such as fire, earthquake, flood, riot and strike, etc.. Most policies also cover damage to property like the stage, the seats, or equipment which have been leased, rented. The policy covers Burglary and damage to the wardrobe also. Money kept in the safe, gold ornaments, precious tones, gifts from relatives, etc. can also be covered under burglary extension. There are provisions for covering Public Liability and legal costs in case of any incidence of food poisoning or other damages that may occur at the venue.
The Sum Insured:
Can be customized according to one’s needs taking into consideration the location, number of programmes, the kind and grandeur of decorations, number of guest, etc. you have to keep accounts of all expenses, receipts, valuation certificates, etc.
The policy must be taken at lest three days in advance before the actual start of the wedding event and end with the end of the functions connected with the wedding. Ideally, the policy should commence 10-15 days in advance so that the arrangements and preparations for the functions can also be covered.