It's a no-brainer to say that a wedding is a major investment. In the United States, the average cost of it is in the tens of thousands. Weddings are the culmination of years of love, trust and lots of savings, with families laying their hearts and bank accounts on the line. Given the expense and extravagance and the dozens of factors that put a wedding at risk -tropical storms, illnesses, deaths, caterers and dress shops that go bankrupt and cold feet (to name a few), it should come as no surprise that more and more families are purchasing insurance.
Wedding insurance is a type of insurance that covers the numerous potential disasters surrounding a wedding (depending on which plan you buy), and puts those who lay out massive sums of money for the celebration at a reduced financial risk.
It might surprise you that the number one most common wedding insurance claim occurs when a bridal shop suddenly goes bankrupt and the bride is out a dress. Since the dress is such an integral and fragile part of it, it is often a key point of concern for those who buy wedding insurance.
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