Tips To Protect Your Finances When Your Wedding Is Canceledjessica
Eventsured insures your wedding to prevent the possibility to spending thousands to millions in damages and lawsuits if things go wrong. However, before you say ‘I do,’ and after you have spent thousands in wedding planning, what happens when things don’t go as planned in your relationship? More and more, couples are not even making to the aisle- leaving not only a broken heart to mend, but also an empty pocketbook.
No matter how the wedding was paid for (by one party or both), you will have to get your necessary refunds (if possible) and inform your guests on the cancellation before they spend money on their dress, hotel accommodations, etc.
Next, it’s time to contact the venue. Whether it’s an elegant hotel ballroom or a trendy barn on a farm, the wedding space is usually the bride and groom’s biggest ticket item, averaging about $12,343 to $14,006. Be prepared to lose part or all of your deposit, and don’t go in with demands but instead try and build sympathy. Let the venue manager know that this is a very difficult time for you emotionally, and anything they can do to help offset the financial strain is much appreciated.
As for the dress you purchased – a wedding dress in great condition and under two years old can usually sell for 50 percent of the retail price. And, if your dress is a more recognizable brand like Oscar de la Renta or Vera Wang, you could make closer to 60 percent of its retail value. Try a site like Nearly Newlywed to sell your dress online. You could also consider donating the dress to a non-profit organization. You’ll be doing something good for someone else and get a tax deduction.
We hope that you won’t have to take our tips into practice as we wish that you and your partner will make it down the aisle to say ‘I do.’ And when you do, Eventsured will be by your side to make sure that your investment is protected. For more information give us a call at 888-882-5902.