Happy Valentine’s Day! You’ve found that perfect necklace for your loved one, and you can’t wait to share this romantic day together. According to the National Retail Federation, approximately $4.5 billion will be spent on jewelry this Valentine’s Day, but few people will get insurance for it. While your homeowner’s and renter’s insurance policies do cover loss or theft of jewelry, usually the coverage is minimal. If you have an expensive jewelry collection, you should consider buying a separate policy for your valuables.
What can you do to make sure you’re covered?
- Take photos of valuable items that are included in your valuables policy
- Keep receipts or appraisal records
- Maintain a written record of items and update as new items are purchased
- Let your agent know when you purchase new items
Even if you don’t have a separate policy for your valuables, these are good steps to take. But if you do, also know that you’re not limited to jewelry. You can make sure other valuable items like artwork, crystal, antiques and more are covered. You may even want to add household appliances and electronics. Just keep photos and an updated list of those valuables.
Call SafeInsure today and ask how we can protect your valuables by adding to your existing homeowner’s or renter’s insurance policy.