Who Knew You Needed Wedding Insurance So Badly?
http://myvesta.org.uk/articles/articles/4051/1/Who-Knew-You-Needed-Wedding-Insurance-So-Badly/Page1.html
By Myvesta UK
Published on 01/23/2008
With costs rising and the trend leaning towards unusual marriage locations insurers are beginning to realise that there are plenty of rich pickings to be had in this market.It seems that wedding insurance is becoming widespread as it provides a safety net to the unthinkable…what if your wedding has to be postponed or cancelled due to an accident or illness or the reception venue goes out of business or is double-booked? You lose the rings? After all this expense and effort isn't it unromantic or boring to ensure that nothing is left to chance and to at least be able to claim back some of the costs? Wedding insurance could be seen as another expense in the never ending list of expenses but it could turn out to be vital.
Research has shown that planning a wedding is number two on the list of stress factors however help is at hand as Marks and Spencer Financial Services (M&SFS), who set up its own website at the beginning of 2002 allowing customers to buy policies instore or online, offer the services of a stress counsellor via a telephone hotline!
Top Ten Wedding Insurance Claims
The number of weddings which have to be cancelled for one reason or another has more than doubled in the last year.
With This Policy......
As the wedding season gets into full swing thousands of pounds are being spent on dresses, receptions and honeymoons. In fact it is estimated that the average wedding will cost around £14,000 by the time you have booked the reception and photographer, paid for the honeymoon, outfits, flowers, cake and many other items that form part of the integral day.
Your wedding day is memorable, you want it to be perfect and the most special day of your life. But what happens if disaster strikes?With costs rising and the trend leaning towards unusual marriage locations insurers are beginning to realise that there are plenty of rich pickings to be had in this market.It seems that wedding insurance is becoming widespread as it provides a safety net to the unthinkable…what if your wedding has to be postponed or cancelled due to an accident or illness or the reception venue goes out of business or is double-booked? You lose the rings? After all this expense and effort isn't it unromantic or boring to ensure that nothing is left to chance and to at least be able to claim back some of the costs? Wedding insurance could be seen as another expense in the never ending list of expenses but it could turn out to be vital.
Research has shown that planning a wedding is number two on the list of stress factors however help is at hand as Marks and Spencer Financial Services (M&SFS), who set up its own website at the beginning of 2002 allowing customers to buy policies instore or online, offer the services of a stress counsellor via a telephone hotline!
Top Ten Wedding Insurance Claims
- Damage to wedding attire.
- Retaking of photographs.
- Cancellation due to illness or bereavement in immediate family.
- Caterers failing to turn up at the reception.
- The wedding rings are lost.
- Wedding transport fails to turn up.
- Cancellation due to venue being double booked.
- Public liability - property damage.
- Wedding presents are lost or stolen.
- Supplier goes out of business.
Helen says..
Bear in mind while you can insure against nearly all eventualities you cannot insure for a change of mind. If you have a change of heart or one of the couple runs off with somebody else you will not be covered.