Reality Check: Wedding Insurance Claims
Since many people do not understand or see a reason for wedding insurance, we wanted to provide a reality check.
Travelers is one of the largest carriers to offer wedding insurance and they have recently analyzed their programs claims to provide data to those who are debating on if they need wedding insurance.
Did You Know?
From 2011 to 2015, problems with vendors were the most common and costliest claims. in total, vendor issues added up to 30% of all wedding claim payments.
Of the vendor-related claim payments, almost 64% involved venue problems where the wedding and/or reception was to be hosted.
Illness or injury resulting in cancellation is the second highest claim at 29%.
The top vendor-related claims included: wedding venues going bankrupt, photographer failing to deliver photos as promised,
and DJs not showing up for the reception. Other top claims include illness or injury to the wedding party, disruptive weather, and military
Statistics provided by Travelers Insurance.
Sources: Insurance Journal, PC360, BRIDES
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