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A Valentine's Day You Won't Forget

How to protect your engagement ring after a Valentine's Day marriage proposalA marriage proposal on Valentine’s Day… Congratulations to both of you. We hope you’ll take some time to enjoy the happy moment. I will certainly be a favorite memory for a lifetime. But then you’ll want to remember that there are a few practical considerations now that you own that beautiful diamond ring. We’d bet that you’re not “thinking insurance” at the moment, but we are. You’re likely not aware that the loss of valuable jewelry is one of the most common of all content-related home insurance claims, according to the Insurance Information Institute. us that one of the most frequent of all homeowners’ content-related insurance claims is for the loss of valuable jewelry. We know you’ll want that special new bling to be financially protected in case damage, loss or theft.

Don’t delay. Click READ MORE below to learn the steps to protect your ring as soon as possible:

  • Get professional insurance advice immediately. Your insurance agent will tell that most rental and homeowner insurance policies will usually provide limited coverage for jewelry and other personal items, but it is often not enough to cover the value of high-end jewelry, collectibles, etc. You might need to buy additional insurance depending on the cost of your ring. In fact, it is likely since the average retail value of an engagement ring is around $6000 according to a 2016 survey done by The Knot.
  • You will want a copy of the receipt. This will not only be helpful for your own records but to provide to your insurer as a means to document the current retail cost of your ring for your insurer.
  • Strongly consider getting an appraisal. If the ring has been custom-designed or is a family heirloom or vintage piece, an appraisal record will show the value when examined by a professional. Of course, appraisal reports are not good forever, and you’ll want to have the item re-appraised every few years. Your insurance agent can help you find your way to a reputable appraiser.

Once you have that new engagement ring properly insured and fully protected, then you and your new fiancé can enjoy sharing your news with your friends and family. You’re off on a path of many “firsts” that will change your life as you’ve known it.

Personal Valuables Insurance Tip

Personal Valuables Insurance offers supplemental coverage for loss, theft and damage for many precious items. They include artwork, crystal, silverware, collectibles, cameras, firearms and more in addition to valuable jewelry. Arrange a conversation with your insurance agent who can help you decide whether you need increased insurance protection for valuable items.

Linduist Insurance is a full-service insurance agency offering auto insurance for your vehicle, home insurance for homeowners, renters and condo dwellers, business/commercial insurance and life insurance to all of Maryland (MD), Virginia (VA), Washington DC, West Virginia (WV) and Pennsylvania (PA) since 1992. Our experienced insurance agents  at both our Frederick and Annapolis offices welcome your inquiries and are glad to discuss your coverage needs at any time. The scope of your insurance coverage and options depend entirely upon the policy and the insurance company providing it.  This website is not intended to advise, offer or bind coverage.  You should always discuss your insurance issues with professionals such as a licensed and qualified insurance agent before making any decisions or choosing a course of action.


Monday, 13 February 2017 16:49

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