Consider Wedding Insurance To Get Hitched Without A Hitch
Monday, August 19, 2013
The average cost of an American wedding cost more than $28,000 last year. Travelers insurance is now offering wedding insurance. There's coverage for failed wedding pictures, the caterer goes out of business, gifts go missing, etc.
RENEE MONTAGNE, HOST:
Not only are insurers gearing up to protect homes and other investments from the next storm, couples can now protect a different kind of investment.
DAVID GREENE, HOST:
Which brings us to our last word in business today, which is: Wedding Insurance.
CHANTAL CYR: If your photographer fails to deliver your wedding pictures or if the camera malfunctioned, we'll pay to reconvene the wedding party for pictures.
GREENE: Chantal Cyr is vice president of personal insurance at Travelers.
CYR: There's also coverage for gifts that mysteriously disappear during the wedding.
MONTAGNE: Or if you're caterer goes out of business, there's a policy for that.
GREENE: Or bad weather shuts down your venue, there is a policy for that as well.
MONTAGNE: All that is driven by the fact that weddings have become incredibly expensive. Last year, the average American wedding cost more than $28,000.
GREENE: Wedding policy options at Travelers Insurance costs between $160 and $1,025 - it's a one-time payment. Now, Chantal Cyr says their wedding insurance does not cover everything -does not cover a change of heart.
MONTAGNE: Or - as far as we know - bad wedding singers.
(SOUNDBITE OF SONG, "LOVE STINKS")
GREENE: Had to play that, didn't we? Had to play that.
MONTAGNE: I want my money back.
MONTAGNE: That's the business news on MORNING EDITION, from NPR News. I'm Renee Montagne.
GREENE: And I'm David Greene.
(SOUNDBITE OF SONG, "LOVE STINKS") Transcript provided by NPR, Copyright NPR.View this story on npr.org