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January 2, 2018

All You Need Is Love and Insurance for the Ring

 Love is a many-splendored thing, but don’t forget to insure the ring!

 Beware! That beautiful new ring may be attractive to someone who wants to steal more than your heart!

 Love-smitten consumers spend billions of dollars annually on rings, and other engagement and wedding jewelry. And while such jewelry has long been a visible symbol of love, unfortunately, it also is visible to those with more nefarious motives—namely, thieves.

Here’s some good news: jewelry is covered under most homeowners and renters insurance policies. However, most policies limit your jewelry coverage under certain circumstances (such as theft) to a set amount, typically between $1,000 and $2,000.

While no financial compensation could make up for the emotional loss if a thief escaped with your treasured possessions, would this limited amount be sufficient even to replace your valuables?

If not, consider purchasing a separate “floater” policy or adding a “schedule” endorsement to your homeowners coverage. Both types of protection are designed specifically to cover particularly valuable items such as jewelry. Coverage is typically for all causes of loss not otherwise excluded (the broadest property protection available) and is often designed to take into account the unique nature of certain items, such as valuation and whether the item is simply stand-alone or a part of a pair, set or collection.

Contact 1-800-530-5822 for a Cloverleaf Insurance advisor today if you now or soon will possess valuable items such as jewelry.Health Touchpoints


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