That's why there's wedding insurance, right? Well, no.
Most insurance companies do not cover "cold feet". Several years ago, Fireman’s Fund’s Change of Heart Wedding Insurance created quite a buzz within the industry, but couples seeking to buy this insurance quickly learned that they could not, and qualified family members or friends found it was a loser's bet. It still is.
That is why contracts are so important, and I've blogged about this before. When you sign a contract for your wedding, or any event, it is a commitment and there are risks that if the unthinkable happens and you have to cancel, you will lose a great deal of money. Therefore, you should negotiate a sliding scale cancellation clause and feel very comfortable with the estimate of the loss, BEFORE you sign the contract, because the chances of resale for a wedding vendor, other than a venue, are slim to none.