Should i cancel my reception?

When I was younger I thought about a wedding but as an adult I’ve wanted to elope. We got engaged last yr on a mountain top after 10 yrs of dating. I got excited because of my Mom and feel slightly pressured into a wedding. My fiancé wanted 2 close friends and his parents to witness, I wanted my dad and step Mom there. My parents are divorced and I don’t have a relationship with my step dad . My relationship with my sisters are up and down and I feel they are fake at times. We wanted a small ceremony and a restaurant dinner but restaurants wanted to charge $3000 for 10 people. Then we picked a cute country cottage for the reception l. I got excited and signed a contract for $6000 & the last turned into 50 people; mostly family I don’t talk to consistently. My Mom paid for my dress, paid half for my coordinator, and is planning on shelling out more. She doesn’t know that my fiancé list his job a couple months ago and the thousands are stressing us out. Also we don’t want to pay for people to come gossip and eat then leave.


My question is how to get out of the venue contact?? It says it must be paid even if the reception is cancelled. Will wedding insurance cover the $6,000? We already paid $1500