Almost one quarter (23 percent) of Travelers Companies wedding insurance claims in 2017 were due to severe weather that forced the event to be canceled or postponed. This was the highest percentage of weather-related claims the insurer has seen since it began selling wedding insurance in 2007.
The average wedding costs in excess of $20,000, according to The Wedding Report. For couples planning to get married on the East and Gulf Coasts, the Atlantic hurricane season may bring additional financial risks. With that in mind, Travelers is advising couples to consult with their vendors, wedding planner and insurance provider about alternate plans should severe weather disrupt their event.
