wedding insurance Archives - Spencer Insurance Agency, Inc

Should you get wedding insurance?

You may have heard about insuring your wedding day, but do you know exactly what wedding insurance is and what it protects? There are many things that can occur to ruin your big day! Anything can put a damper on your wedding, from sudden cancellations to stolen gifts, or a damaged gown. Wedding insurance can help protect you from unforeseen disasters and give you peace of mind.

Not sure what wedding insurance really is? Basically, wedding insurance helps protect the investment that you or someone else has into your special day. For example, if your photographer doesn’t show up and you have to find a last-minute replacement for double the original price, this is considered a wedding day financial loss, and wedding insurance can help protect you from it.

Wedding insurance can cover many different aspects of your wedding. It can cover problems that occur with the venue, weather, vendors, key people, sickness, injury, or unexpected military or job obligations. Wedding insurance doesn’t cover cold feet, jewelry, gemstones, or pearls.

Wedding insurance can vary in cost depending on the coverage that you are looking for. The average cost can range from $155 – $550. You may also want to consider liability coverage. A general liability plan can cost about $185 and covers up to $1,000,000 in accidents.

The sooner you get wedding insurance, the better off you are. Keep in mind, some insurance companies have limitations and restrictions about how far in advance you can get wedding insurance.

Give our office a call to discuss all your wedding insurance options! (215) 885-2200

https://spencerinsurance.com/wedding-insurance/

Source: https://www.theknot.com/content/wedding-insurance-101

Know someone who got engaged or recently married?

 

Do you know someone who was engaged or married on Valentine’s Day?  If so, pass this message onto them.

I realize that the most romantic thing to do after you get engaged is not to call your insurance agent. However, it is important.  Let this trusted adviser help you navigate through this exciting time.

How can my insurance agent help?

  • You may have just received an engagement ring. The ring is valuable.  What happens if that ring is lost or stolen?  Get the ring insured
  • Planning a wedding ceremony? Are you putting deposits down for the photographer, venue or wedding dress.  What happens if these places go out of business just days before your wedding?  Did you know you can purchase inexpensive wedding insurance to protect your deposits?
  • You need to review your finances with your insurance agent and financial planner. Should you purchase life insurance?  Check out Rachel’s story.

Spencer Insurance Agency is here to help you during this exciting time.  We have an article on our website just for engaged and recently married couples. Don’t miss this article.   You may need to contact your employer, add a spouse to your health insurance, change a beneficiary on a life insurance policy and much more.

Contact us if you would like to discuss your engagement with us.

 

Happy Valentine’s day!

Just married truck

Did you get married or engaged on Valentine’s Day?  Do you know someone who did?  Please share this information with anyone you know who was recently engaged or married.  It is valuable information they need to know.  Thank you!

We congratulate all those who were married or got engaged on Valentine’s Day.

Spencer Insurance Agency has some tips for you as you plan your wedding or start your life as a married couple. Did you know you can insure that wedding you are planning? A wedding day is one of the most memorable days of your life. It is also a large expense. Protect your investment in this wonderful day. Check out our Wedding Insurance website.

You also need to take action on a number of items once you are engaged or married. Check out our tips on what you need to do now. Planning a honeymoon? Did you purchase Travel Insurance? Do you need to change your name? Update your social security card or drivers’ license? Did you review your life insurance? Change your beneficiaries? Read Rachel’s story to see why you should not wait to purchase your life insurance. As you plan your wedding check out our tips so you plan for these items also.

All of us at Spencer Insurance wish you the very best!

‘Tis the Season for Wedding Insurance. Are you prepared?

Wedding insurance infographic  Just married truck

Protect your investment.  You hear this often. You do it for your car, home and retirement assets.  You would not think twice about insuring these assets so why not that $25,000 wedding or that $10,000 you are paying to attend that destination wedding?

If you are not planning a wedding or trip then please pass this on to someone you know who is planning one.  You could save them a lot of money.

Check out our wedding site and consider what could go wrong with the wedding plans. For a small premium we can make sure you will not be out of pocket for things that may go wrong with the wedding plans. Check out our other tips when planning a special wedding day.  Ask us for a wedding insurance quote today.

And don’t forget the honeymoon!  Check out what could go wrong with that honeymoon or vacation you planned.  Learn about travel insurance and see if it makes sense for you.

Thank you for your business and the trust you put in Spencer Insurance Agency!  Call us today at 215-885-2200 to discuss your wedding insurance or Travel Insurance needs.

Did you get engaged or married on Valentine’s Day. . .

Just married truck

Did you get married or engaged on Valentine’ Day.  Do you know someone who did?  Send them this information.

We congratulate all those who were married or got engaged on Valentine’s Day.

Spencer Insurance Agency has some tips for you as you plan your wedding or start your life as a married couple. Did you know you can insure that wedding you are planning? A wedding day is one of the most memorable days of your life. It is also a large expense. Protect your investment in this wonderful day. Check out our Wedding Insurance website.

You also need to take action on a number of items once you are engaged or married. Check out our tips on what you need to do now. Planning a honeymoon? Did you purchase Travel Insurance? Do you need to change your name? Update your social security card or drivers’ license? Did you review your life insurance? Change your beneficiaries? Read Rachel’s story to see why you should not wait to purchase your life insurance. As you plan your wedding check out our tips so you plan for these items also.

All of us at Spencer Insurance wish you the very best!

Getting Married? Wedding Season is Coming!

(Charlie’s family at Laura’s wedding in November)

Here is an article I wrote for our website.  Last November my daughter was married and this July my son Brian is getting married.  So I gathered some information to help newly engaged couples plan for their big day.

If you know someone planning for a wedding pass this along to them.

Congratulations on your engagement!

What do I do now that I am engaged?

  • Insure your engagement ring
  • Plan your wedding ceremony and reception
    • Search the web for sites that help you plan your wedding. Ask people you know who were recently married how they planned their wedding.
    • Purchase Wedding Insurance – Most people don’t know you can insure a wedding. Check with Spencer Insurance Agency to get this valuable coverage for under $300. Reasons to insure your wedding. . .
      • Protects you from losing your deposit should the venue for your wedding go bankrupt.
      • Protects you from losing your deposits should you not have the wedding due to sickness, weather and other factors. Sorry, no coverage for “Cold Feet.”
      • Protect your wedding gifts from theft the day of the wedding.
      • Consider other reasons, the photographer goes bankrupt, your wedding dress is not delivered on time.
  • Review your finances with your future spouse and a financial planner
    • Discuss how you will handle your finances once you are married.
    • Discuss your current assets with each other and decide how to protect them.
    • Be aware of what you will need to do after your wedding day.
    • Spencer Insurance Agency works with many financial planners and can recommend one if necessary. We are not CPAs or lawyers and do not provide legal advice. We suggest you consult your accountant, financial planner, lawyer and other professionals as you take this big step.

What do I need to do after I get married?

  • If you are changing your name. . .
    • Check your documents and change your name on:
    • Social Security Card – You will need to do this first so you can change your name on other identification.
    • Driver’s License
    • Other Identification
  • Notify your employer
    • Change your Federal withholding status if necessary
    • Review your Group Health Coverage
    • Tell your creditors, utilities and other vendors of your name change
    • Discuss your name change with your doctor and see what needs to be done to have your spouse pick up a referral or prescription for you. You may need to sign a form.
  • Update your benefits and beneficiaries
    • Review all your life polices, group and individual
    • Check the beneficiaries listed on your retirement accounts
    • Since marriage is a life changing event, you may be able to make changes to your group benefits. Check with your HR department or employer.
  • Review your insurance policies to make sure you are getting all the discounts you are entitled to receive

Call Spencer Insurance Agency at 215-885-2200 for a no obligation Insurance Review. Make sure you have all your bases covered now that you are married.

Do you have any tips for newly engaged couples?

Comment below and let us know how your wedding plans are going!

 

Bankruptcy in Elkins Park has many brides scrambling!

Don’t allow this to happen to you!

 Wedding season is blossoming!  Tammy and I will be attending two weddings in June, our daughter Laura gets married in November and today is our 31st wedding anniversary.

 These days will be filled with many great memories.  Make sure you start on the right foot.

 Today’s headline from the Philadelphia Inquirer is “Bankruptcy in Elkins Park has many brides scrambling!”  Check out the full article.

According to the article “In the five months since the Land Conservancy filed for Chapter 11, many couples have hustled to find new venues, reissue invitations; and rebook caters, photographers, and bands.”

 Spencer Insurance can’t help with the scrambling these couples will be doing to get a new venue, however we can insure your wedding so you are reimbursed for lost deposits if your venue, photographer, caterer  or wedding dress supplier goes bankrupt or closes its doors.

 Contact us today to see how to protect this day from financial ruin.  Congratulations to all getting married this year!

Can I drop auto insurance on my seasonal or broken down vehicle?

roulette_wheel3Don’t Take that chance! Don’t drop your auto insurance on a seasonal vehicle unless you have surrendered your tag to PennDOT and talked to me.  Pennsylvania allows you to drop your auto insurance on a seasonal vehicle as long as it is not registered. 

 If you do not surrender the tag you could have severe consequences.  Pennsylvania law states that if you do not have auto insurance on a registered vehicle you can be fined, however that could be the least of your worries.

 Pennsylvania courts have ruled that if you have an uninsured registered vehicle and you are involved in an accident you do not have any first party benefits.  First party benefits include medical, work loss and funeral expenses.  This applies NOT ONLY to the uninsured car but any insured cars you own.

 If you are in an accident with a car you have insured and registered your insurance company can deny you first party benefits if they find out you have another car that is registered but not insured.  You can go online and get details of a case, Progressive v. Anthony Kennedy.

 This is why I do not recommend dropping your auto insurance on a seasonal vehicle.  The penalty is too severe.  You may have good intentions but if you forget to return the tag you put yourself in a very vulnerable position.

 It is not unusual for clients with antique and classic cars to store their cars for the winter.  The snow and salt is not good for the vehicle so they keep it in the garage. However, then  a beautiful sunny and warm January Saturday comes along and they can not resist the temptation to drive the classic car with its top down, UNINSURED and EXPOSED to a lawsuit!

  Another risk you run, even if you return the tag to PennDOT, is that your classic or antique car could be destroyed by a fire in the garage or someone could hit your car on your property.  Your homeowner’s insurance will not cover the car in the event it is destroyed by a fire, vandalized or stolen.

 
Give me a call to discuss your options on how to properly cover a vehicle that is seasonal or out of commission for a short period of time.  I will discuss your situation and tell you the best way to reduce your risk.  There may be some very affordable options for you. You may be able to get an Antique car policy which would reduce your premium substantially.  

 Another reason to reconsider dropping your coverage: You may be getting a multi car discount. You could lose the discount, causing the premium on your other cars to increase and you might not save as much money as you expected.

 If you decide to surrender your tag and drop your insurance, go to our website at www.spencerinsurance.com and check out our Resources page and Links to get the information and form you need to surrender your tag properly or get a seasonal registration from the state.

 Many times the premium savings you receive by dropping your insurance on a vehicle is small compared to the risk you take of being sued without insurance.  Then the “True Cost of Insurance” becomes much greater!  Call me today to make sure you are not being penny wise and pound foolish!

Proud Parents

By Charlie Spencer CLU

 

 

My wife Tammy and I had a wonderful event this past Sunday.  Our son Brian married a wonderful young lady named Jennie Roach.  I wish Brian and Jennie all the best for their bright future.  Jennie, welcome to the Spencer Family!! 

 

Weddings are a great time to meet up with friends and family and celebrate the occasion.  As the father of the groom I watched as Jennie planned the wedding.  It was better for Jennie that I was not too involved.  She wisely spoke with Tammy and my daughters when planning the wedding.

 

Well, the insurance agent in me came out during the planning of the wedding and many things that happened at the wedding and during the planning got me thinking insurance.  (Yeah, I know I should get a life).

 

A wedding is a wonderful time but also a huge investment!  There is a lot of planning, the ceremony, reception, flowers, photographer, etc.  Fortunately for us the wedding went off wonderfully, but I was prepared if something went wrong.

 

In these economic times we need to be careful who we choose for the reception, photographer, bridal shop, florist, DJ, and more.  What if they go out of business?  What happens with my deposit?  What happens if the bridal shop or photographer goes bankrupt?  For a very small premium you can insure your investment in this wonderful day.  Don’t leave it to chance, insure it.  Call us at 215-885-2200 for more details.

 

I want your special day to be as wonderful as our wedding was!  Savor the moment!  Remember at Spencer Insurance Agency, Your protection and peace of mind is our only business!