Insuring Your Valentine’s Day Gift

Engagement_diamond_ringInsurance Protection for Valentine’s Day Gifts

Valentine’s Day is just a few days away, and if you are planning on giving your sweetheart something extra sparkly, it is important to make sure that your gift is properly protected. Investing in the right insurance policies is the best way to make sure that your jewelry is covered in case of any unfortunate situation.

While your existing homeowners or renter’s insurance policy will provide some coverage, it may not be enough for any valuable pieces of jewelry that you buy. The personal property coverage that is provided by renters and homeowner’s insurance policies has dollar limits on the amount of protection that they will provide. If you have any valuables, your existing policy will probably not provide enough protection.

There are two main steps that you can take to provide enough protection for all your valuables. The first choice is to increase the personal property coverage under your homeowner and renter’s insurance. Keep in mind that increasing your personal property coverage will not provide specific coverage for your valuables; it will only increase the coverage for all of your assets.

The second choice is to schedule your valuables within your renter’s or home insurance policy. When you schedule your items, it will provide coverage for a specific item. In most cases, your insurance provider will require that you show proof of the value of the item by either providing the receipt for the item or getting it appraised. As an additional benefit, scheduled items will have extra coverage that is not provided by other insurance policies, including coverage for mysterious disappearance.

For all of your homeowners and renter’s insurance policies and to ensure that your valuable and shiny Valentine’s Day gift has the protection that it deserves, contact the insurance professionals at Alliance Group in Fairport, New York.