NEWS RELEASE
HARTFORD, Conn., July 3, 2007 – With more than 38,000 couples in TheKnot.com’s registry planning to wed next Saturday on the supposedly lucky 07/07/07, many couples are under the impression that luck—and love—will prevail.* Whether you’ve booked a fairytale castle or worked magic to finalize every last detail, weddings are a significant financial commitment with the average cost now reaching $27,000 each.** That’s why Travelers is encouraging even the luckiest of brides and grooms to consider the Wedding Protector PlanSM, an insurance policycovering weddings.
“Luck will only go so far when it comes to the unexpected,” said Alan Tuvin, vice president of product management for Travelers. “There are a lot of moving parts to a wedding and things can go wrong, even on the luckiest day of the year. Imagine the peace of mind couples will have knowing they have taken the appropriate steps toward protecting that lucky day.”
The Wedding Protector Plan from Travelers provides coverage, with no deductible, for
a variety of unfortunate occurrences associated with a wedding event. For example, coverage is provided if a hurricane causes the necessary and unavoidable cancellation or postponement of the event. Other coverages include postponement for withdrawal of military leave, forfeited and lost deposits, extra expenses associated with special attire, transportation, photographs, and entertainment.
“As we know well in our industry, risk never sleeps, even on the most important day of one’s life,” said Tuvin. “Travelers wants to ensure your wedding day is memorable for the right reasons.”
The top wedding claims and problems typically include damage to wedding attire, mishaps with event photography, cancellation due to illness or bereavement, and no-shows by
contracted vendors.***
* TheKnot.com
** Conde Nast Bridal Media – American Wedding Study, 2006
*** MSN.com (UK)
Committed to being in-synch with the changing needs of consumers, Travelers created
www.ProtectMyWedding.com, which offers a Risk Quiz to help couples determine how much
risk surrounds their wedding, plus examples of coverages provided. Consumers can then
purchase a policy or use the online agent locator to find a nearby Travelers independent agent. The Web site also offers an e-newsletter for newlyweds, which covers topics from lifestyle to money management tips, designed to help couples become in-synch with their lives as one. The Wedding Protector Plan can cover destination weddings in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Bermuda, Bahamas, Turks and Caicos, the Caribbean Islands (excluding Cuba and Haiti) and cruise ships leaving from a port within those territories (some restrictions apply).
While the Wedding Protector Plan can be purchased up to two years prior to the event, it must be purchased at least 14 days in advance. For more information on how to protect a wedding, contact a Travelers independent insurance agent or visit www.ProtectMyWedding.com. For a complete description of coverages, terms and conditions, read the Wedding Protector Plan policy.
About Travelers
Travelers understands that life and business are inherently dynamic and that the best way to serve agents and policyholders is to deliver insurance that evolves to stay in-synch with life and business as they change. For more information on being in-synch, visit www.travelers.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 both the personal and commercial settings, including automobile, homeowners, construction, small business, oil and gas, ocean marine, bond and financial products, global technology and public sector services. Travelers is a Fortune 100 company, with 2006 revenues of $25.09 billion and total assets of $113.76 billion. The company has approximately 33,000 employees.
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Media contact:
Jennifer Wislocki, 860.277.7458