Before “Here Comes the Bride,” you need to pop the question, and with Valentine’s Day just a few days out, we here at Joyce, Jackman & Bell Insurors have got a few tips for ensuring that your Valentine’s valuables are protected from the store to her ring finger, and for the rest of your lives.
Your homeowners or renters insurance policy most likely includes a provision for protecting your jewelry. If your expensive new gift is lost due to a covered event like a fire or hurricane, then it should be fully covered. The bad news is that coverage for theft is generally capped at $1,000 to $2,000, so you’ll be on the hook for any cost beyond that amount.
The solution? Contact your insurance company about investing in a jewelry endorsement for your pricier items. This add-on will even cover you for the “mysterious disappearance” of your ring. That means you won’t have to worry about the cost of replacing it should you accidentally drop it down the drain or lose it at the beach.
One of the best features of any jewelry insurance policy is that it carries no deductible, which means you won’t have to pay out of pocket expenses to replace your lost items.
Follow these steps for insuring your ring:
- Contact your insurance company today for a quote
- Be sure to have obtained at least two copies of the store receipt – one for us and one for your record
- Get any heirloom pieces appraised by a reputable appraiser
- Add it to your home inventory – Remember, the more accurate and up-to-date the list, the quicker and easier it will be to replace in the event of a claim
Whether you’re getting down on one knee at home or proposing at a swank restaurant downtown, JJB Insurors wish you the best of luck on your engagement day!
Source - Here’s Something Every Real Sweetheart Should Know: Jewelry And Other Expensive Valentine’s Day Gift Items Require Special Insurance Coverage
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