Voyager, a niche insurance specialist in the UK, has published the top ten reasons why couples claim on their wedding insurance on or prior to their big day.
The bulletin noted that “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 noted: “The list of the 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.”
“While bankruptcy of suppliers is highly unlikely to disrupt a royal wedding,” he added, “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.”
Voyager was established in 1996. It was acquired by Somerville in September 2007. Based in Guildford, outside London, it is “one of the UK’s leading travel insurance specialists providing bespoke travel insurance schemes to insurance brokers and third party intermediaries. These include tour operators, travel agents, ferry companies and online insurance specialists. Its product offering spans the full range of travel insurance from single-trip, long stay and annual multi-trip to winter sports and European vehicle assistance.”
Source: Voyager
Topics Claims
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