Friday, March 27, 2015
YOLO COUNTY NEWS
99 CENTS

Wedding insurance expands as nuptials get pricier

By
From page A4 | February 18, 2014 |

By Michael Melia

Worried about the groom getting cold feet? There’s an insurance policy for that.

With the cost of the average American wedding reaching about $26,000, insurers have been selling a growing number of policies to protect against losses from extreme weather, illness and, in one firm’s case, even a sudden change of heart.

Cheryl Winter spent $500 for Hartford-based Travelers Cos. Inc. to cover her daughter’s $50,000 destination wedding last October in New Orleans, where her biggest concern was a potential hurricane. The weather cooperated, but the limousine never showed up. Her daughter took a taxi cab to the church, and they used the insurance policy to claim the deposit money they couldn’t get back from the limo driver.

“No one wants to be walking in the French Quarter in a long gown and high heels,” said Winter, who lives in the Houston area.

The insurance is offered by a small number of U.S. companies. Insurers declined to provide data on the number of customers beyond saying they are growing steadily. It can cover losses from issues ranging from bankrupt wedding halls to cancelations forced by unexpected military deployments. Travelers says issues with vendors account for about a quarter of the claims, with most of those related to issues with photographers or videographers.

For Travelers, an insurance giant with annual revenue of $26 billion, the policies will not make or break the bottom line. But the wedding insurance it began selling in 2007 is also a way to connect with a couple who might later think of the company for home insurance and other life milestones.

“It could be the beginning of a relationship with a young couple,” said Ed Charlebois, a Travelers vice president for personal insurance.

Wedsafe, backed by Aon, also offers wedding insurance, which differs little from the specialty insurance that firms may offer for other kinds of events and celebrations.

For parents concerned about a relationship souring before the exchange of vows, Fireman’s Fund Insurance Co. offers change of heart insurance. It’s been available since 2007, but the program administrator said the fraud rate soared in the early years as policies were bought for couples who were known to be fighting. That coverage now applies only if the bride or groom calls off the wedding more than nine months beforehand.

“Coverage does not exist once you hit the altar,” said administrator Rob Nuccio of R.V. Nuccio & Associates. “The only ones who were buying it were the ones who knew they would have a claim.”

Kyle Brown, director of the Bakersfield-based Bridal Association of America, said he recommends wedding insurance, but he estimates policies are taken out for less than half of 1 percent of the more than 2 million weddings held annually in the U.S.

“Nobody likes to think about the bad side,” he said.

Winter said some people told her insurance would be a waste of money for her daughter’s wedding, but she read various reviews and decided it was worth protecting the investment. She’s planning to buy a policy for another daughter’s wedding in 2015.

Comments

comments

The Associated Press

.

News

Anti-gay initiative puts AG in a bind

By The Associated Press | From Page: A1

 
County supervisors consider options for historic courthouse

By Anne Ternus-Bellamy | From Page: A1 | Gallery

 
State loosens sex offender residency restrictions

By The Associated Press | From Page: A1

Need a new best friend?

By Enterprise staff | From Page: A3 | Gallery

 
Lawyer disputes police’s hoax claim in California kidnapping

By The Associated Press | From Page: A3

 
Davis Flower Arrangers meet Wednesday

By Enterprise staff | From Page: A4

Sign up for Camp Shakespeare

By Enterprise staff | From Page: A4

 
Empower Yolo offers peer counselor training

By Special to The Enterprise | From Page: A4

Sing along on April Fool’s Day

By Special to The Enterprise | From Page: A5

 
Neighbors invited to adopt Willow Creek Park

By Special to The Enterprise | From Page: A5

.

Forum

Blame Reid for impasse

By Letters to the Editor | From Page: A7

 
Practice cancer prevention each day

By Special to The Enterprise | From Page: A7

 
Turnabout is fair play

By Letters to the Editor | From Page: A7

Be aware and be afraid

By Letters to the Editor | From Page: A7

 
.

Sports

UCD’s Hawkins, Harris to shoot at Final Four

By Enterprise staff | From Page: B1 | Gallery

 
Home sweet home: Aggie women win a tennis match

By Enterprise staff | From Page: B1

Devil boys grind out a net win at Franklin

By Enterprise staff | From Page: B1

 
DHS baseballers fall to Vintage in eight innings

By Enterprise staff | From Page: B1

UCD men edge Hawaii on the court

By Enterprise staff | From Page: B1

 
DYSA roundup: Recent youth softball games feature big hitting

By Enterprise staff | From Page: B2 | Gallery

Sacramento get its second straight win

By The Associated Press | From Page: B2

 
Sharks get a key win over Detroit

By The Associated Press | From Page: B10 | Gallery

 
.

Features

.

Arts

UCD Student Fashion Association presents charity fashion show

By Special to The Enterprise | From Page: A3

 
‘Get Hard’ comes across as rather limp

By Derrick Bang | From Page: A8 | Gallery

Monticello announces April live-music shows

By Enterprise staff | From Page: A9

 
Leonardo Tuchman’s work shows at UC Davis Craft Center Gallery

By Special to The Enterprise | From Page: A9

Sacramento Youth Symphony holding open auditions

By Special to The Enterprise | From Page: A9

 
Preview Art Studio Tour participants’ work at The Artery

By Enterprise staff | From Page: A9 | Gallery

Smokey Brights to perform at Sophia’s

By Enterprise staff | From Page: A9

 
‘Deserted Destinations’ is April exhibit at Gallery 625

By Special to The Enterprise | From Page: A9 | Gallery

.

Business

Camry Hybrid takes a step forward

By Ann M. Job | From Page: B3

 
.

Obituaries

Celebrate Rusty Jordan’s Life

By Creator | From Page: A4

 
.

Comics

Comics: Friday, March 27, 2015

By Creator | From Page: B4