Protect your valuable and meaningful ring with adequate insurance.
During the festivities of the holiday season, many couples get engaged and celebrate their life-long commitment to each other! It’s known that engagement ring sales hike up around Christmas time with more couples saying “yes”!
When purchasing the ring and budgeting for the big day, many brides and grooms-to-be overlook wedding and engagement ring insurance. This can be a costly mistake to make! For most young couples, wedding and engagement rings are among the most valuable items they own. Of course, with this significant and valuable ring in tow, you’ll want to review your insurance policies to ensure that it’s protected!
Calculate Value
If you’ve recently purchased an item for a loved one for Christmas day, you should have the receipt still in hand! This enables you and your insurer to note the worth of your precious pieces. Knowing the value of an item allows for sufficient coverage to be applied. The engagement ring values increased in price from 2005 to 2007 by around 6 percent per year. Since 2010, it’s gained 2 percent more each year.
Limitations
Your homeowners policy may not cover jewelry replacement if it’s lost or stolen away from home. For an extra couple of bucks a month, increasing your personal items coverage is worth its weight in gold! You may be able to insure high-value items individually, as part of your homeowners insurance.
Give Risk Management LLC a call today to get your loved ones’ precious ring protected! Whether you’re located in Brookfield or the surrounding areas of Wisconsin, our dedicated insurance agents are here to find the best policy for you!
