Colorado

Mar 14, 2014 5:09 PM by Leah Kraus

Opting out of wedding insurance can cause financial disaster

The decision to close the Craftwood Inn in Manitou Springs has had a serious impact on those who put down thousands of dollars to get married and hold their reception there.

Saskia Kesners and her fiancee had been planning and saving for their dream wedding for two years and had it fully paid for at the Craftwood Inn.

Kesner says she received a call from her cake decorator earlier this week that changed that. The decorator told her that she would be more than happy to make the cake but that because the venue was closing her contract was null and void.

Kesners says her signed contract from the Inn said that if something disastrous happened, they would get a refund. As of Friday, they have yet to hear from them.

She says she paid for everything -- cake, a DJ, tables, drinks -- the whole nine yards.

However, one thing she and her fiancee didn't pay for was wedding insurance. Kesners says she didn't even know that was an option but if she had, she would have gotten it.

Wedding planners say insurance is the right way to go. They say many times insurnace only costs a couple hundred extra dollars, and when you're already paying thousands of dollars for a wedding it's a smart choice to make.

"When you say 'I do' it's forever so why not insure that from the start," says Megan Dobson, director of wedding planning at The Pinery.

The Pinery was able to help another couple who lost their wedding after the Craftwood Inn closed. Brandon Dastrup and Sophia Holguin also failed to get wedding insurance because they say they didn't know about it.

"It's not even so much the financial," says Brandon. "That's a huge part, but it's the mental kind of drain this has on you when you go through something like this."

News 5 has compiled a few websites you can visit to learn more about wedding insurance:

WedSafe Wedding Insurance

Travelers Wedding Protector Plan

Nationwide Wedding Insurance

 

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