BusinessPhoto: News18 BusinessHow Wedding Insurance Protects Advance Payments
Wedding planning involves large budgets, often ₹20 lakh to over ₹1 crore, with significant non-refundable advance payments to vendors like venues, caterers, and decorators. Unforeseen events such as severe weather, vendor failures, medical emergencies, or travel disruptions can cause delays or cancellations, risking these advance payments. Wedding insurance helps families manage financial losses by covering such unexpected disruptions, especially for destination weddings requiring extensive coordination.
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