Niche insurance specialist Voyager has published the top ten reasons why couples claim on their wedding insurance on or prior to their big day.
Unlike the era in which previous royal weddings took place, when damage to bridal or wedding attire was the most common claim, today bankruptcy of suppliers tops the list.
Based on the number rather than the value of Voyager Dreamsaver wedding insurance claims, the list is as follows:
– Bankruptcy/liquidation of dress supplier
– Bankruptcy/liquidation of caterers
– Bankruptcy/liquidation of venue
– Bankruptcy/liquidation of other wedding suppliers
– Loss of wedding photography
– Damage to bridal attire
– Adverse weather preventing majority of guests and couple reaching the venue
– Death/injury of family member
– Death/Injury of bride or groom
– Marquee damage
Voyager director Jonathan Buttery said: “The list of most common reasons why wedding claims are made very much reflects the economic times we are in. This explains why wedding insurance has a higher profile and more couples are opting to purchase it in order to financially protect their big day.”
He added: “While bankruptcy of suppliers is highly unlikely to disrupt a royal wedding, everyone else planning theirs should carefully check policy wordings, as cheaper policies will not cover claims for financial failure of suppliers, rings or wedding attire among other things.”
Source : Voyager Press Release
