The Love Economy: Why Valentine’s Day Proposals Call for Ring Insurance Valentine’s Day, known as the celebration of love, has also become one of the most popular days of the year for engagements. Each February 14th, millions of couples take the next step in their relationship, making grand romantic gestures to symbolize their commitment. But alongside romance comes the practical side of this joyous occasion—protecting the sentimental and financial investment made in engagement rings. Love in Numbers: Valentine’s Day Engagement Statistics An estimated 6 million people get engaged on Valentine’s…
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Jewelry insurance appeals to diamonds and heirlooms
Expensive rings, necklaces, earrings, watches, bracelets and other items need separate coverage. Engagement rings, great-grandmother’s necklace and other expensive items can benefit from jewelry insurance coverage. Their coverage under homeowners or renters policies is very limited. Often, there is inadequate protection offered for the full value of a high-value piece. Renters and homeowners policies offer protection but only up to a certain limit for all pieces. Homeowners and renters insurance policies will usually limit jewelry coverage at around $1,000 to $5,000. However when it comes to more expensive pieces, this…
Read MoreInsurance news from Allstate helps to protect Valentine’s Day investments
Declaring your love to someone can be an expensive matter, and this insurer is reminding consumers to protect valuables. Valentine’s Day is coming up very quickly, and lovers across the country are making insurance news as they shop for special gifts to help to declare their love, but at the same time protecting their investments with the right coverage. Roses and chocolates are one thing, but engagement rings are something else altogether. This very romantic day is a traditional day for many people to propose to the people they love.…
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