Photography is the Most Frequent Cause of Vendor-Related Wedding
Mishaps for Couples
HARTFORD, Conn.--(BUSINESS WIRE)--Mar. 20, 2013--
Couples look forward to having their wedding day memories preserved
forever through photography and video, but according to an analysis of
insurance claims by Travelers (NYSE: TRV),
58 percent of all wedding claims related to vendor issues involve
problems with the photographer. Travelers reminds couples that they can
help protect their wedding budget by considering wedding insurance.
Travelers’ claim data found that vendor problems resulted in the most
frequent causes of wedding day mishaps for its customers, accounting for
24 percent of all wedding claims received. Illness and injury accounted
for 19 percent of the total wedding claims with 15 percent attributed to
venue issues. Wedding day mishaps associated with weather accounted for
14 percent of claims.
Protector Plan can provide more protection to help
couples avoid the added costs of unexpected wedding glitches. It also
covers expenses associated with recreating the special day, from
retaking photos to purchasing fresh flower arrangements to extending the
In 2012, the average cost of a wedding was $25,656 according to The
Wedding Report, a research company that tracks the wedding industry,
with U.S. couples spending approximately $4,178 on their photography and
“Photos are one way that brides and grooms hope to preserve the precious
memories of their wedding day, and couples should have the right
protection in mind to insure against potential loss or damage for
something so valuable,” said Chantal Cyr, Vice President of Travelers
Personal Insurance. “As the cost of weddings continues to increase,
engaged couples need to know that they have options for protecting their
investment. A wedding is about being able to celebrate your special day,
not a time to be worried about mishaps, weather or cancellations.”
Twenty-one percent of vendor-related issues involved a caterer going out
of business. Problems with DJs not showing up or going out of business
accounted for 11 percent of the claims, with five percent of claims
citing issues with wedding planners.
Protector Plan can be purchased from Travelers for as little as
$160. It covers items such as lost deposits, perishable materials,
unavoidable cancellation due to weather or military leave, lost or
damaged photographs, damaged gifts, host liability and more.
By visiting protectmywedding.com,
brides- and grooms-to-be can quickly learn about the coverage
and limits they need to protect their wedding budget. To learn more
about wedding insurance, including the costs and buying
online or through an independent
agent, visit www.protectmywedding.com.
The Travelers Companies, Inc. (NYSE: TRV)
is a leading property casualty insurer selling primarily through
independent agents and brokers. The company’s diverse business lines
offer its global customers a wide range of coverage in the auto,
settings. A component of the Dow Jones Industrial Average, Travelers
has more than 30,000 employees and generated revenues of approximately
$26 billion in 2012. For more information, visit www.travelers.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130320005166/en/
Source: The Travelers Companies, Inc.
The Travelers Companies, Inc.
Gary Griffin, 860-954-1371