Wedding insurance policies provide protection to your wedding outfits against damages due to covered incidents. Although the terms of coverage of such insurance plans vary between insurance providers, it is advisable for individuals to choose a marriage insurance policy that will help them financially secure their designer clothes.
Since the monetary loss is enormous, you can claim the insurance and meet your financial obligations towards its repair or repurchase.
What is covered under the wedding insurance policy?
You can claim benefits under wedding insurance policy in case your wedding outfit is damaged under specific conditions. The insurance policy provides coverage of a high amount as you apply for the policy with a reputed financial institution.
The features and ambit of coverage for this insurance plan are discussed below –
- Fire or flood
Damage caused to your wedding dress due to natural calamities such as floods, fire, explosion, earthquake, lightning, strike, cyclones, etc. is covered under this policy.
Note that different insurance providers provide varied coverage sums for such incidents. While some may suffice for a complete replacement which is often a basic requirement, others may provide a sum assured substantial only for repairs. It is vital to check the sum insured under this coverage term separately as provided by an insurer.
Bajaj Finserv is one such insurance aggregator which offers Pocket Insurance & Subscriptions such as the Wedding Dress Insurance cover with a sum assured of up to Rs.50,000.
- Theft or robbery
You may also claim the designer clothes insurance policy amount if your outfit gets stolen or robbed. These insurance policies can help you in dealing with the sudden loss in a convenient manner.
Given the fact that weddings are a grand event with lots of aspects such as music concerts, etc. to take care, you can also purchase an event insurance to financially secure the whole wedding. With reputed insurance providers, you can avail an insured sum of Rs.3 lakh against a very nominal yearly premium.
- Accidental loss or damage
Accidental damage of the wedding dress can also land you in trouble which you can safeguard with the help of a marriage insurance policy. It should be noted that you will be insured of the amount that is printed on the purchase invoice of the wedding dress.
Make sure you provide adequate and valid documents to register your claim with the insurance provider for a hassle-free process.
How can you claim the insurance?
In order to claim your wedding dresses insurance plan, you will be required to follow a few simple steps as set by the financial service provider. Most providers have eased the process to facilitate the users with benefits of availing the amount.
All you have to do is call up the customer care support executive of the insurance provider soon after your dress is damaged or stolen. Lodge a claim with them for the insurance amount within the next 24 hours.
To process the claim, you will be required to submit the following documents –
- Duly filled signed claim form.
- FIR photocopy in case of theft or burglary.
You may opt for a designer clothes insurance plan as well if your wedding dress is designer-made. With this, you can be insured up to Rs.50,000 for a minimal premium. Above all, make sure you select the suitable marriage insurance policy, which will help you safeguard your clothing and other essentials in the appropriate manner.