Hopefully, you’ve already protected your ‘big day’ with a wedding insurance policy. This policy will help you to ensure that everything runs smoothly, and that you’re covered if anything goes wrong. If you don’t have this policy yet, there’s no need to worry – just call us to get a wedding insurance quote!
There’s one more insurance policy that you should consider as you put the finishing touches on your nuptials: jewelry insurance. Adding a jewelry policy to your insurance repertoire will ensure that both of your wedding rings and your engagement ring are fully protected.
Let us explain the two main reasons why your jewelry needs its own separate policy:
Be Covered in More Situations
Some people may tell you that your jewelry is protected under an insurance policy that you already have. It’s true – your jewelry is probably partially covered under your renters or home insurance policy. While this protection will cover you in some cases, it by no means offers full protection.
For example, a home insurance policy will probably only cover your jewelry in a few specific cases. If your rings are lost or damaged in a way not outlined in your home insurance policy, you’ll be out of luck (and left to replace your bands without an insurance payout).
On the other hand, a dedicated jewelry insurance policy will offer your jewelry more comprehensive protection against loss or damage.
Insure the Full Value of your Jewelry
Your home or renters insurance policy is a great way to cover most of your possessions, but there is typically a limit on the amount of jewelry it covers. This limit can be as low as a couple hundred dollars, depending on your policy!
With engagement rings alone potentially costing thousands of dollars , you need to make sure that they are insured for their full value. This means that they need their own separate insurance coverage.
These two factors also apply to many other valuables that you may have. Collections such as coins or stamps, china and silverware, fine art, and furs are just some of the items that can be insured with separate policies. They will gain the same benefits (added coverage and additional value coverage) listed above.
So if you are getting married in the next few months, and are interested in adding jewelry coverage to your current insurance policies, all you need to do is call 877-550-0025 . A Vargas and Vargas Insurance representative will collect some information about your rings, and provide you with a quote. And don’t wait to do this until after your ceremony – make sure that your jewelry is completely covered on your wedding day, as well as on your honeymoon!
Photo credit: Lady B2008 / Foter.com / CC BY-SA
