The season of giving – and wedding engagements – is upon us. For newly engaged couples, the proposal is just the beginning of their marriage journey. There are many exciting plans to make and look forward to in the coming years. We’re here to make sure you spend less time worrying about risk and more time enjoying your engagement and wedding planning. Here are a few steps to take to protect your new ring and secure your event plans.
Insuring Your Engagement and Wedding Rings
Whether you are newly engaged or have worn a wedding ring for years now, it’s never too late to protect or reinsure your valuable jewelry. Your jewelry is protected under your home insurance policy, but unless you have it scheduled separately, some policies have special limits for jewelry as low as $5,000 to cover all jewelry — and that's subject to your policy deductible. If you have a valuable jewelry collection, and for engagement and wedding rings worth more than $5,000, we recommend that you schedule them separately on your home insurance policy.
Determining the Value of Your Rings
In order to protect your investment, you should know the value of what you have. If you recently purchased your rings, you’ll know exactly how much they are worth today. For rings purchased previously, there are a few ways in which you could determine value. Before investing in appraisal services, check with the jeweler from whom the item was bought or a local jeweler you know and trust. Jewelers can update you on the item's current pricing and determine if there is a need for a reappraisal.
To avoid undervaluing your collection, talk with our jewelry and collectibles insurance experts. By eliminating unwanted surprises at claim filing, you can be sure your valuables are protected. Contact your client manager to start a conversation about protecting your jewelry.
Get Facility and Event Insurance for Your Wedding Day
Whether you plan to have your wedding at a reception hall, farm or museum, hosting an event at a venue will often require facility rental insurance. Our new facility rental and event insurance will cover any damages to the facility as well as legal costs for property damage or injury that happened during the event. Signing up using our new portal means you can get a certificate of insurance in minutes. Learn how you can mitigate risks at your next event with facility rental and event insurance.
Questions?
Engagement and marriage should be an enjoyable and memorable experience, yet it can also come with a lot of new information and considerations. We’re here to help answer any questions you may have when it comes to protecting what matters to you. Request a quote online or call us at 844.715.1416.