Thinking of proposing this Holiday Season!
The weeks surrounding Christmas and New Years are a popular time for marriage proposals. If you plan on getting on one knee sometime soon (or if you're waiting for someone to pop the big question) make sure your engagement ring is protected.
First question is - Do you have a homeowners insurance or renter's insurance policy?
If the answer is yes, then you probably want to purchase a rider, or endorsment, as an extension of your policy to cover the ring through your insurance carrier. Homeowners policies typically provide coverage for jewelry however, there are limits.
So, if someone steals your ring or it becomes lost you may not be able to collect the full value of the lost item. You will do yourself a favor purchasing seperate coverage for the ring. The cost of seperate coverage is minimal and well worth it in the event of a loss. Call your homeowners insurance agent and talk to them about your situation. They'll want to know what the ring is valued at. They can give you an estimate for scheduling an endorsement, or rider, to cover the ring.
If you don't have a homeowners or renters insurance policy, call The Insurance Center of Decatur today!
217-428-4800