HARTFORD, Conn.--(BUSINESS WIRE)--The Travelers Companies, Inc. (NYSE: TRV) today announced that separate fine jewelry insurance policies are now available through the Wedding Protector Plan® with coverage limits of up to $100,000. With this new offering, engaged couples can safeguard their wedding from unexpected mishaps and, at the same time, protect their wedding bands and fine jewelry.
“Valentine’s Day is one of the most popular days of the year for proposals, and we’re pleased to help make it easier for couples to protect their engagement rings, wedding bands and other valuable jewelry,” said Todd Shasha, Managing Director of Personal Insurance Product Management at Travelers. “Adding a jewelry policy with the updated Wedding Protector Plan can give couples peace of mind so they can focus on building their future together.”
Typical homeowners insurance policies often have limits for jewelry of up to about $1,500. The average value of engagement rings purchased is approximately $6,000, according to a recent survey from The Knot. Through the Wedding Protector Plan, jewelry insurance can be purchased as a stand-alone policy to make up the difference and insure rings worth more than what typical homeowner limits cover. Travelers also offers homeowners insurance, with options to purchase expanded jewelry coverage by endorsement.
The Wedding Protector Plan from Travelers can cover the major events associated with a wedding, including the rehearsal, rehearsal dinner, ceremony, reception and a post-wedding event. Lost deposits, missing or damaged wedding attire, photos, flowers and more can also be covered under a policy starting at $160. Optional liability coverage is also available.
For more information, speak to an independent insurance agent or visit www.protectmywedding.com.
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has approximately 30,000 employees and generated revenues of approximately $30 billion in 2018. For more information, visit www.travelers.com.