A element of the Dow Jones Industrial Average, Travelers features approximately 30,000 employees along with generated revenues involving approximately $27 billion within 2014. Concerns related to end up being able to venues, photographers, florists, and also caterers had been the top reasons behind filing claims.
“No 1 likes for you to think about possible problems on which is actually supposed to be certainly 1 of your very best days of your life,” stated Ed Charlebois, Vice President involving personal Insurance from Travelers.
The Travelers Companies, Inc. Your company nowadays introduced its most typical causes with regard to wedding insurance claims. Couples can in addition obtain liability coverage as part of a wedding insurance policy for you to protect themselves through liability credited for you to property damage and individual injuries to third parties in the event.
Some examples of losses wedding insurance covers, include: injury to or perhaps loss in the bride’s gown or groom’s tuxedo; deposits if your vendor fades of business or simply doesn’t display up; or loss of the rings prior to the event (within seven times of the event).
The Wedding Protector Program may be bought in an unbiased insurance professional or even online. Pertaining To a lot more information, visit www.travelers.com.
HARTFORD, Conn.–(BUSINESS WIRE)–Many couples is planning to be basking within the glow to getting engaged this Valentine’s Day, and also Travelers desires to assist protect these people from possible wedding day problems. (NYSE: TRV) is a leading provider involving property casualty insurance pertaining to auto, house and business. wedding costing practically $30,000, couples need to contemplate how anyone can mitigate the particular monetary risks associated with arranging a wedding.”
The Wedding Protector plan via Travelers will help couples protect on their own own through financial losses brought on by issues with vendors, particular attire, unique jewelry, photography and more. “However, with the average U.S. Pertaining To more information, visit ProtectMyWedding.com.
Forty-four % involving claims concerned vendors that get been hired for that wedding and also didn’t deliver as promised.
Twenty-eight percent involved property damage towards the venue which was related for the wedding.
Eight percent associated with claims resulted from sickness and also injury befalling your bride, groom, or crucial member of the particular bridal party resulting in cancelation or perhaps postponement.
Other issues, for example military duty/deployment as well as difficulties with bridal party attire, each accounted pertaining to 6 percent regarding claims, respectively.
An analysis regarding Travelers’ wedding insurance claims via 2014 found that: