Does My Credit Card Cover My Wedding? Insurance Myths Debunked
Many couples believe that paying for wedding expenses on a credit card provides all the protection they need. While Section 75 of the Consumer Credit Act can be helpful, relying on it alone is a risky strategy that leaves you exposed. We’re here to debunk the common myths and explain why dedicated wedding insurance is the only way to fully protect your big day.
Myth 1: “My Credit Card Protects All My Deposits.”
Section 75 allows you to claim against your credit card company if a supplier fails to provide goods or services costing between £100 and £30,000. However, it only applies if you paid the supplier directly. If you paid a wedding planner who then paid the supplier, you are likely not covered. Furthermore, it offers no protection if you have to cancel for personal reasons like illness.
Myth 2: “It Covers the Entire Chain of Suppliers.”
Credit card protection is limited. For example, if your venue cancels and you get your money back for the venue hire, your credit card won’t help you recover the lost deposits you paid to the florist, caterer, and band who can no longer provide their services on that date. Wedding insurance, however, covers these consequential losses, protecting the entire chain of bookings.
Myth 3: “I’m Covered for Everything Else, like Rings and Attire.”
Credit card protection offers absolutely no cover for loss or damage to your wedding rings, attire, cake, or gifts. It also provides no public liability cover in case of accidents at your venue. These are significant gaps that only a specialised wedding insurance policy from a provider like iDoinsurance.co.uk can fill.
The Comprehensive Solution: Dedicated Wedding Insurance
While paying by credit card is a good practice for an extra layer of protection, it is not a substitute for a proper wedding insurance policy. A dedicated policy is designed to cover a wide range of interconnected risks, from cancellation and supplier failure to personal liability and property damage. It’s the only way to ensure every aspect of your wedding investment is truly secure.
