Wedding Insurance and Redundancy

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The threat of redundancy is still looming over many people as the UK struggles through the current economic downturn. Another 250,000 redundancies are forecast by the CIPD for 2010 which is proving to be a real worry for couples planning their weddings.

If one of the couple is made redundant in the run up to the wedding then the wedding might need to be called off, with deposits lost and the couple left in a worse position financially. Or they may decide to keep the wedding on, but deplete their savings/credit cards to do so, putting them in a risky financial position.

		Visit Debenhams » 5 levels of cover with policies available from £39.
		Visit Dreamsaver » 4 levels of cover with premiums from £25.
		Visit Ecclesiastical » Choose from five tiers, or mix and match to suit your needs.
		Visit InsureForWeddings » Four levels of wedding insurance cover starting from just £19.99.
		Visit John Lewis Insurance »
		Visit Weddingplan » 9 levels of cover with premiums from just £18.49.

One ray of light on this scenario is wedding insurance. Some policies will pay out if redundancy occurs. You should check the small print carefully though – often any deposits you’ve already paid won’t be covered unless you cancel the wedding altogether. If you plan on going ahead with the wedding, you’ll probably find that only the money you have left to pay will be covered.

You can look at our wedding insurance comparison table to see information about the policies, premiums and cover of leading wedding insurance providers.

© CompareWeddingInsurance.org.uk 2009

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