Insurance at the heart of Valentine’s Day

Insuring valentines day gifts

However, when buying these sorts of gifts, it’s important to take proper precautions in order to keep your items safe.

Most home insurance policies include coverage of expensive items such as jewelry. However, many policies include a low limit of liability coverage on the loss of jewelry in the event of a covered claim, such as if the jewelry is stolen. 

To ensure your Valentine’s valuables are adequately covered under your home insurance policy, evaluate your belongings to determine if they need additional coverage. An appraisal of your valuable items by a reputable appraiser will provide you with information required by your insurer to assess appropriate coverage.

Tips for choosing an appropriate appraiser:

• Research their credentials:  Choose an appraiser who has graduated from a reputable program.

• Ask people you trust: Solicit recommendations from friends and family members, or ask the jeweler where you bought the item for recommendations.

• Be wary of prices that are “too-good-to-be-true”: Some appraisers offer their services at a low cost, or even free.  Recognize that a competent professional appraiser will charge suitable rates for the work involved to do the job well.

Keep these tips in mind when seeking an appraiser for your special gifts this Valentine’s Day.

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