The average wedding cost in the U.S. is upwards of $25,000. That’s oftentimes more than a couple spends on a new car. Planning such an expensive and important event can be very stressful and sometimes risky.
The couple should consider buying wedding insurance to protect themselves from unforeseen circumstances. Now, I’m not saying that something horrible is going to happen but it’s best to be prepared.
Travelers Insuarance offers a Wedding Protector Plan designed specifically to cover weddings.
“A wedding is a large investment both emotionally and financially,” said Alan Tuvin, vice president of product management for Travelers. “There are a lot of moving parts to a wedding and things can go wrong. It is important to protect such a significant financial investment.”
Their standard policy covers wedding ceremonies and receptions in the United States, Puerto Rico, Canada, a U.S. Territory, or aboard a cruise leaving from one of these locations. For an extra premium, they can also cover weddings in the United Kingdom, Mexico, the Caribbean Islands (excluding Cuba and Haiti) and cruise ships leaving from a port within those territories.
Though the policy doesn’t cover if your fiance cancels the wedding, it does cover many other things, including damage or loss of the bridal gown or groom’s tuxedo, lost deposits if vendors go out of business or don’t show up, damaged or lost photos, sudden illness by the bride or groom and many other items.
It’s difficult to imagine cancelling or postponing your wedding, or other wedding day disasters that might happen. But it’s better to be safe than sorry. You can protect yourself for a premium as little as $160.
Even if your wedding is right around the corner, it’s not too late. If your wedding is more than two weeks away, you can sign up for Travelers’ wedding insurance.
To get more information, visit ProtectMyWedding.com and put your mind at ease. You have enough to worry about while planning your wedding.