'For sale: Wedding Dress. Worn once by mistake,' read an ad. But alas! Not all mistakes can be corrected if it is an expensive wedding.  The wedding season peaks from late October to early December each year. With couples and families going the whole hog when it comes marriage ceremonies, weddings are easily one of the biggest financial events in our lives.

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It is time for celebration, unbridled fun and hope of a beautiful future together. But, Uncertainties have a way of spoiling things. Just like for your health, car, home and accident, a wedding can also be insured. As Indians warm up to the idea of destination weddings and marriages costing a bomb abroad, discerning customers are going for wedding insurance in droves. DNA Money spoke to industry experts on wedding insurance and its nitty gritties.

Marriage money
Conservative estimates put the size of the wedding market in India at Rs 1 lakh crore. Weddings require serious financial muscle. A Matrimony.com survey reveals that over 20% of females plan to spend Rs 10-20 lakh and 6% respondents said they are going to spend Rs 20-40 lakh on the wedding. These numbers go up significantly if we are talking about destination weddings and overseas weddings.

Risks like the cancellation of wedding & postponement due to fire and allied perils, damage to property (venue of a wedding), a personal accident of family members, and third-party liability bodily injury/property damage at the time wedding event etc. can turn your world upside down.

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