New Delhi, Nov. 9 -- Indians are known for having big, lavish weddings, with families often spending huge amounts on venues, catering, decorations, jewellery and other arrangements. However, an unforeseen event such as a natural disaster, fire or sudden cancellation of a function can disrupt months of planning.

In some cases, an incident could also result in physical damage or theft of valuables during the celebrations. Since, families often save for years to finance their own or their children's big day, it's better to have a fallback plan.

To protect yourself from events that aren't in your control, individuals can consider wedding insurance, which covers certain financial losses arising from above mentioned risks. However, before pur...