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Got Engaged Over Valentine’s Day? Remember to Insure the Ring!

Got Engaged Over Valentine’s Day? Remember to Insure the Ring!

Protecting the Engagement Ring

Did you get engaged over Valentine’s Day? As one of the most popular days to propose, it could be likely that you have a shiny new ring on your finger and a promise of love and commitment from your partner. While you may be excited to start planning for the future, don’t forget to take a minute to insure your precious piece of jewelry. Your homeowners insurance in Renton, WA can help!

Get It Appraised

Gather as much information about the ring as possible. Hopefully your other half kept the receipt for the ring purchase. If the ring is a family heirloom, now is the time to get it appraised by a professional. Obtain a document with the appraisal value recorded so that you have proof of the current value.

Call Your Insurance Agent

Talk to your insurance agent about the best way to protect your precious new piece. Often, you can add this high-value item to your homeowners or renter’s insurance, scheduling it as valuable property. However, if the ring exceeds your current policy’s coverage limits, you may need to acquire additional protection. Some insurance policies set a limit of $1,500 to cover theft or damage to jewlery. If your other half spent two months of salary on this ring, you may need to raise the insurance limits so that it includes your jewelry!  

Do you have more questions regarding your engagement ring protection with your home insurance? Talk to the professionals at Humble & Davenport Insurance, serving Renton and neighboring cities of Washington. We are well-versed at protecting our clients’ precious belongings!