These policies are beginning to become big sellers, particularly around this time of year.
Although wedding insurance has never been one of the top selling policies – particularly compared to the standards such as home, health, life and auto – this business is picking up quite dramatically, and experiences certain popular seasons such as around Valentine’s Day and during the summer months when the most marriages take place.
These marriage insurance policies help to protect the investment of the day itself against many perils.
The importance of this coverage is on the rise, as this special day is becoming continually more expensive. The average marriage ceremony and reception in the United States costs tens of thousands of dollars – the cost of several cars! With the number of details involved in this day, wedding insurance can help to make sure that if something goes wrong, the insurer will provide a payout to help to cover the losses.
One of the more common forms of coverage for wedding insurance now includes cold feet.
The pressure of a marriage, particularly one that is occurring on Valentine’s Day, can make anyone’s palms a little bit sweaty. Couples are now protecting themselves against the chance that this pressure will be too much for their future spouse, and are investing in coverage in case their beloved is a no-show.
As this type of insurance policy becomes more popular, the coverage provided is also starting to evolve and expand. Today’s bride and groom can invest in a policy that will protect them against extreme weather, unexpected disasters in many forms, and even a sudden change of heart.
Couples are protecting themselves against a broad range of scenarios, including a photographer or limo driver who never shows up, or illness in the immediate families or wedding parties. If something goes terribly wrong, brides and grooms want to know that they won’t have lost more money than they would need to put a down payment on a house.
This Valentine’s Day, it is expected that more marriages will be protected by wedding insurance than ever before. The summer will help to show the trend that this business will be following this year.