Far out Friday: Insurer predicts royal wedding premium

Far out Friday: Insurer predicts royal wedding premium | Insurance Business Australia

Far out Friday: Insurer predicts royal wedding premium

Prince Harry is set to wed American actress Meghan Markle this weekend, and it seems the whole world is talking about the upcoming nuptials – insurers included.

In fact, one British insurance firm has teamed up with a wedding planning service to try and determine exactly how much the premium would be, should the loved-up couple seek to insure their big day.

Taking into consideration everything from church fees and toilets so security and trumpets, industry specialist Bridebook estimated that Harry and Meghan’s wedding is likely to set them back around £31,969,873 or AU$57,465,687.

“Whilst every wedding is expensive, the mix of royalty, Hollywood and global attention, Harry and Meghan’s will no doubt be the global wedding of the decade,” said Bridebook founder Hamish Shephard. “They’re having everything from bespoke silver-plated fanfare trumpets to a ‘drone destroyer’, so it’s safe to say they will be adding a few extra zeros to their bill.”

Relying on the financial breakdown from Bridebook, specialist insurer WeddingPlan estimated a six-figure price tag for the duo’s special day – around £128,052 or AU$230,159 – a huge jump from the £66 (AU$119) WeddingPlan customers typically spend insuring their own special day.

 

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