Wedding insurance “more commonplace”
December 8, 2007 by admin
Filed under News, News-Insurance
It is becoming easier and “more commonplace” for couples to take out wedding insurance, according to a spokesman for Debenhams. 
More people are now aware of the availability of wedding insurance products whereas previously it was difficult to find a provider.
However, although it is easier to find, some couples spend so much on the big day they get to a point where they will not spend anything else says Dan Tremain, product development manager for Debenhams.
“They’re spending tens of thousands of pounds but they won’t spend fifty quid to insure the £20,000 effectively,” he said.
Research by Debenhams also revealed that the number of wedding cancellations is on the rise.
Illness among close relatives is the most likely reason for calling off the big day while cancellations have increased by almost half over the past 12 months.
Debenhams are expected to launch wedding insurance with £30,000 cancellation cover as standard. A more exclusive option should also be available with cover worth £70,000.
