Getting married is an exciting time in a couple’s life. Nothing beats the feeling you get when your significant other gets down on one knee and pops the question you’ve been waiting for. The ring is beautiful and just as you always imagined. But, do you know who protects this ring? You may have heard about jewelry insurance policies. Before purchasing this type of insurance, take a look at your homeowner’s insurance.
Many homeowner’s insurance. policies do allow coverage for loss and damage to jewelry. Depending on the value of your engagement ring, this may be enough for you. Typically, most policies allow up to $1,000 in coverage for jewelry. If your ring is valued at more than that, you may want to purchase additional coverage in the form of jewelry insurance and/or a floater policy. If you live in an apartment or condominium and you have a renters/condo insurance policy, they usually offer some coverage for jewelry as well.
An engagement ring is more than a material possession, it is a sentimental keepsake. You should make sure that it will be covered by either your homeowner’s insurance or a supplemental policy. Those in Pennsylvania should contact Kramer Insurance today for more information on homeowner’s insurance and jewelry coverage. Visit our virtual insurance office today at www.kramerinsurancecenter.com for a free quote!
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