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Abacus Insurance Brokers Unveils Online Wedding Cancellation Program

Sep 10, 2004, Source: Insurance Journal

Abacus Insurance Brokers has announced the availability of an online wedding cancellation program, exclusively for brokers, powered by the APM Platform. Brokers are able to quote and bind in real-time, accept payments online, and issue policies immediately.

Coverage includes: wedding cancellation (cancellation, postponement, abandonment of the wedding due to weather, terrorism, military deployment, illness, and many other perils), supplier deposits, photographs, videos, rings, transportation, honeymoon luggage, gifts, cakes, flowers, attire, documents, and professional counseling. Coverage is available in all 50 states, Canada, U.S. territories, and on cruise ships. Limits are available up to $50,000. Coverage includes both the ceremony and reception.

"We are very excited about this program," Darren Lewin, vice president of Program Development, commented. "The Wedding Cancellation product is a perfect complement to the existing programs available on the APM Platform. Our nationwide network of producers has been asking for this program and we are glad to have delivered. It's the first Wedding Cancellation program in the marketplace distributed exclusively through brokers. With only a small percentage of the 2 million U.S. weddings per year purchasing Wedding Cancellation insurance, there is an opportunity for brokers to carve their niche in this fast growing marketplace."

To sign up to access the online wedding program, visit www.abacus.net/programs/wedding.aspx

The APM Platform enables brokers to quote and bind online in real time. Available programs include: Special Events, Short Term Productions, Equipment Floaters, Movie Boats, Personal Articles Floaters, Events & Exhibitors & Concessionaires, Wedding Cancellation.