Engagement Day Jewelry Insurance
Engagement Day…err… Valentine’s Day is just around the corner! You’ve probably already booked your dinner reservations (and if you haven’t, get on it!), ordered the flowers and have been carrying around that engagement ring for a week now.
Maybe you’ve gone over it in your head already, how you’re going to propose, and changed your mind at least ten times – Do you get down on one knee and pull out the ring? Or do you drop it in her champagne glass when she heads off to the powder room? Or better yet, can you wait until you get home to surprise her by proposing in front of a carefully selected group of family and friends?
No matter what way you decide to do it, getting engaged is a big deal, and you’ll want to remember it forever, which means keeping her ring safe from the day you pop the question until death do you part.
The Insurance Information Institute recommends that one of the first calls you make after getting engaged is to your insurance agent, and we here at Texan Insurance agree!
Did you know that jewelry losses are one of the most frequent content-related home insurance claims? While most homeowners and renters policies provide some coverage for your valuables, it is rarely enough to replace the more expensive items, like an engagement ring. Jewelry limits typically range from $500 to $2,000, which means that anything above and beyond that number is your responsibility.
You can purchase a jewelry rider or floater through your insurance company for additional coverage. This will even cover the “mysterious disappearance” of your ring, i.e. the ring falls off into the garbage disposal or is lost down a drain.
So grab a copy of your receipt, report it to your insurance company and add the item to your home insurance!