1st June 2010 by Adam
Data from the first 6 months of 2010 have shown the most frequent Dreamsaver wedding insurance policy purchased through www.WeddingInsurance.co.uk to be the Gold level of cover, which has a cancellation cover £10,000.
Many commentators have reported that the average cost of a wedding in the UK is in the region of £20,000; however our research has shown that customers are buying policies to cover wedding for a much lower amount.
This could be due to two factors:
'As the economy improves we would expect the cost of weddings to increase and see a corresponding rise in the sum insured of wedding insurance policies. However, if couples are underinsuring that is a more worrying trend. A wedding insurance premium is a tiny proportion of the overall spend on a wedding (just 0.3%), so underinsuring your big day could be a false economy.' commented Jonathan Buttery, Managing Director of Voyager Insurance services, who operate the Dreamsaver Wedding Insurance brand.
Please Note: Policies must be purchased a MINIMUM of 14 days before the ceremony date.
Please Note: This Article refers to an historic version of Dreamsaver Wedding Insurance policy. Policy Terms, Conditions, Exclusions and Prices may have changed. Please see the latest policy wording for more details