Week of 5/28/07
The term "innocent party" is the key. If either the bride or groom flakes after endless months of planning and thousands of dollars in deposits, the parents hosting the wedding could be made whole, because they would be a classic innocent party. But if the engaged couple were paying for some or all of their wedding and one got cold feet, their portions wouldn't be covered, explains Rob Nuccio, chief executive of RV Nuccio & Associates, who works with Fireman's and created the cold-feet policy.
A basic cancellation policy for a $27,000 wedding costs about $220. That's slightly more than the average cost per guest, so Erron Al-Amin, senior director of personal insurance marketing for Fireman's, offers this helpful tip: Invite one less distant relative and think of Fireman's as just another invitee. "Except," she says, "we're the best you are going to have." Party on!