Homepage / Money

Economy Has BBB Pushing Wedding Ins.

BBB: Cost Of Insurance Ranges From $100 To $145

POSTED: 5:21 pm EDT April 21, 2009
UPDATED: 11:20 am EDT April 22, 2009

With bankruptcies on the rise as a result of the tough economy, many brides have said they've been left in a lurch on their wedding day.

But officials said an insurance policy could reduce some of the stress that comes with the big day.

Stacey Solomon said she was left shocked and upset when the Danielson bridal shop where she planned to get her wedding dress abruptly closed in October. She said she didn't know what to do.

"I feel I was unfairly treated," Solomon said. "She has $1,000, and I have nothing to show for it."

If Solomon had wedding insurance, she would have been protected.

Connecticut's Better Business Bureau said Travelers Insurance has reported that more than 40 percent of all wedding insurance claims filed in the past two years have involved unforeseen problems with vendors and venues, some of which went bankrupt.

Howard Schwartz, of the Better Business Bureau, said wedding insurance can cover a lot of things, such as a cancellation due to bad weather or military deployment. He said it can cost anywhere from $100 to $140 and is made in a one-time payment.

In addition, Schwartz said anyone who files a claim must have all of their records and receipts.


Links We Like

Sponsored Content
If you have aspirations of becoming a millionaire, check out these five habits that may be worth emulating. More

Choosing less space has to do with a desire to live simpler, whether you're retiring or just want a low-maintenance lifestyle. More

Your skin care regimen should be based on your skin type. Find out how to identify and care for oily, dry, or combination skin. More

The signs of Cancer can sometimes be very subtle. Here's a guide to help you recognize them early. More

Credit Report

560? 675? 720? The average US Credit Score is 692. What is your score? See it online for FREE! More

Best Local Rates On...



LocalNational

30 Yr Fixed Mortgage4.95%5.02%

48 Mo New Car Loan5.72%6.52%

$30k Home Eq Loan6.44%7.81%

6 Month CD0.75%0.80%
Help! I don't understand!
More Rates


Sponsored Links

Stock Quotes

Get a Quote
Enter Symbol

Consumer Info



Sponsored Content Provided by ARA

Housing Crunch

With banks and lenders facing major troubles, gain some insight on how to sell, refinance or keep your home. You'll find everything mortgage in our special section. More


E-Mail News Alerts
Get breaking news and daily headlines.
Browse all e-mail newsletters