Tis the Season for Weddings and Here are the Top 8 Wedding Insurance Claims of 2012
Are you planning your dream wedding? Contact one of our Commercial Lines Department Account Representatives to be sure you are covered for any or all of the following losses.
Military: 3%
No amount of planning ahead can prepare for an unexpected military deployment or other obligations, which accounted for 3 percent of wedding insurance claims in 2012.
Attire: 6%Aside from love and commitment, weddings are all about looking good. In 2012, 6 percent of wedding insurance claims dealt with issues with dresses, tuxedos, and other wedding attire.
Damage: 9%Damage can be a sign of a good party, but great time or not, someone still has to pay. For damage that is your responsibility, wedding insurance is there to help. Damage accounted for 9 percent of claims in 2012.
Theft: 10%
That big box of cards full of money can be tempting for any thief, which is why 10 percent of claims Travelers received were related to theft.
Weather: 14%
They say rain on your wedding day is good luck, but it can still put a damper on things if a wedding is held outdoors. Similarly, weather events like a snowstorm can cause icy conditions and make a venue inaccessible, and hurricanes and tornadoes can create catastrophic damage in an area.
Venue issues: 15%
Wedding venues can go out of business or experience unfortunate damage from weather-related events, vandalism, or equipment problems. Wedding insurance helps cover deposits lost and the cost of booking a new venue last-minute.
Illness and injury: 19%
Aside from the bride and groom getting sick or hurt, weddings can be put on hold if key family members such as parents or grandparents are unable to attend a wedding at the last minute due to sickness, untimely death, and travel delays.
Vendor problems: 24%
The most common vendor-related claims Travelers received involved the issues with the photographer, caterers going out of business, DJs not showing up, and problems with wedding planners.