My wedding venue is requiring liability insurance valued at $2 Million. Can we afford this?
This is a really common requirement of venues and it really is to your benefit. This way if you are renting a $10,000,000 estate for your wedding and someone damages the marble floors flown in from Italy, you won't have any out of pocket expenses. While $2 Million can make any couple sweat, in general this will cost you about $250 to $350 total. You can secure this insurance from your personal insurance carrier or at a website that specializes in event insurance such as www.wedsafe.com. Just make sure your paperwork includes all of the verbiage the venue is requiring and you should be good to go!