15 Feb 2019 They Proposed! Now What?

They Proposed! Now What?

Valentine’s Day: A day that brings people together to celebrate love. Using rings, chocolate, roses, and teddy bears, people show their true appreciation for the people in their lives.

Every Valentine’s Day, more than 1 million people get engaged to their spouses, which is more than any other day of the year. Many people choose to show this act of love by exchanging a ring, but not many know how to keep that ring safe.

Insuring your ring is a small price to pay for having peace of mind. Many people are paying thousands of dollars for a ring, so why might they not get it insured? Well for one, a man or woman might have such confidence that nothing will ever happen to their cherished belongings, HOWEVER, that is not always in their control. Imagine this situation: you have a spectacular vacation planned with your husband for your anniversary, but decide to leave your ring behind so you don’t have to worry about leaving it somewhere or having it stolen. When you decide to leave that ring at home, you never thought about the risk of someone breaking into your house. As scary and unlikely as that sounds, it happens. In the United States, there is roughly one burglary every 13 seconds, and jewelry is often stolen.

We definitely do not want that happening to you, but if it does, you should be prepared. Without insurance, your rings, necklaces, family heirlooms and anything else of value could be gone with nothing in return, but with insurance, you have the opportunity to get reimbursed for those precious possessions.

If the idea of purchasing jewelry insurance sounds daunting to you, here are a few questions that you can ask your insurance agent:

  1. What circumstances are not covered with this policy?
  2. Am I insured for replacement or cash payout?
  3. Will the policy adjust according to inflation?

For more information on insuring your ring, please visit our previous posts on Insuring with a Massachusetts Jewelry Floater and Why You Should Get a Jewelry Appraisal. We wish you a safe and happy Valentine’s Day this February 14th, and hope that you get to spend it with the people that you love.


Authored by Riley Alkins




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