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The abrupt closure of For You Wedding, which ruined the wedding plans of at least six couples, demonstrates the need for couples to purchase insurance for their much-awaited day, according to the Consumers Association of Singapore (CASE).
At the time it went under, affected couples had paid at least SG$108,000 in monthly instalments to the caterer, CASE said. Meanwhile, a report by Channel News Asia said that there were several complaints on social media against the company, with one customer saying that he could no longer contact the company despite having paid 80% of the cost of his wedding package. Meanwhile, other customers said they were unhappy with the firm’s services, which also included decoration, photography, and entertainment.
CASE encouraged couples planning for their weddings to purchase a wedding insurance plan that covers business insolvency for service providers. This is similar to travel insurance policies that cover sudden shutdown of travel agencies.
CASE also offered several tips on how couples can safeguard their wedding day.
“Consumers should also do their own research on whether the bridal agency has a good track record of delivering their services promptly and effectively,” it said. “They should minimise their deposit payment as much as possible and should never make full payment upfront to the company.”
Wedding insurance covers the cost of the wedding from various mishaps such as bad weather, business failure, illness, or accidents, according to women’s magazine HerWorld. Typical weddings in Singapore cost upwards of SG$50,000, making it a huge expense. Each wedding insurance policy is different, so couples must make sure the product is well-suited to their plans.
Unfortunately, no wedding insurance plan will cover cold feet. In case of a runaway bride (or groom), the money lost is probably the least of one’s worries.
