Wedding insurance: buy it or drive thru… It isn’t common to hear about wedding-related claims in headline insurance news, but the fact is that there are a growing number of claims being made by future brides and grooms as well as newlyweds. Couples have a great deal to worry about and there are a number of risks that apply to the day that is likely to be the most expensive celebration that they will throw in their lifetimes. Travelers is among the insurers that are now offering a Wedding Protector Plan,…
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Forms of insurance coverage not always considered by consumers
Though consumers are typically aware that they need homeowners’, renters’, and automobile insurance, there are other forms of coverage that can be offered by policies of which they may be entirely unaware unless they are highly knowledgeable about the various types of protection available. Some of them include: • Personal Electronic Equipment Insurance – this is a very practical insurance for consumers who have expensive electronic devices at home, such as televisions, audio equipment, or computers. It covers loss and damage and might even pay for repairs and replacement, depending…
Read MoreCICI Lombard and Bajaj Allianz announce new wedding insurance products
CICI Lombard and Bajaj Alliance insurance companies from India have announced that they are now offering a unique form of “wedding insurance” product. Though marriages are meant to be a dream come to reality, the truth of the matter is that they don’t all come to pass, and that there is a chance that they may need be stopped for any number of reasons. The insurers recognized this fact as an opportunity and developed a new product in which weddings could be insured against the possibility of postponement or cancellation…
Read MoreHurricane Irene spurs growth in wedding and event insurance
When Hurricane Irene made its way up the East Coast of the United States, it destroyed homes and businesses, ripped up trees, downed power lines, and disappointed many who had been preparing for important events such as weddings. The majority of couples who had intended to get married during the week of August 28, 2011, were forced to either cancel their weddings or at least postpone them until a later date. Hurricane Irene made the risk of this type of unforeseen event quite real to many other couples who have…
Read MoreDon’t get left at the alter without wedding insurance
Inflation has taken its toll on everything; including the price of weddings. Research shows the average cost for a wedding is between $15,000 and $25,000. If you went out and bought a car that costs this much; you would insure it. People insure their homes, art collections, even their pets; it only makes sense to protect your wedding investment also. Wedding insurance sales are on the rise. With the average cost of a wedding being so much, many people are opting to have insurance coverage for their special event. Statistics…
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