Hi everyone! Looking for some input on paying for a venue.
My fiance and I have found a gorgeous venue in Wisconsin that we are almost completely settled on. We have a few things to work out, but the setting is beautiful and the price is very reasonable. In total, for the use of the venue, food, bar tenders, and dj, is about $9,700 which the owner tells us is divided into thirds and paid through the year leading up to our date. This sounded good at first, until I realized that we essentially have a nonrefundable deposit of about $3500 due at signing. Is this a lot? Or unusual?
And if the venue were to suddenly go out of business, change ownership, or god forbid have a fire, is it typical for these nonrefundable payments to still be returned? Can that sort of thing be covered by insurance?
Any advice or experiences would be appreciated!