What Engaged Couples and Newlyweds Should Know About Protecting Their Assets

Allstate Offers Newlyweds Ideas for Saving & Planning

Wedding bells ring about 2.3 million times each year around the country, and June is the most popular month for tying the knot. As the big day approaches, most couples pore over details such as flower arrangements, seating assignments and life after marriage. However, most newlyweds probably haven’t thought through the next step—protecting their valuables before and after the big event.

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For future brides and grooms and recent newlyweds, combining assets under one roof takes more than a moving van and space for all their belongings. Every couple planning to build a life together should take prudent actions to protect their gifts and good wishes soon to come or they may seek help from professionals or go to couples therapy anytime sooner.

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Scheduling the Ring

A radiant diamond engagement ring glittering on the bride’s finger isn’t only an attractive symbol of a couple’s new union; it’s also a new asset that should be insured. Just as you would insure a new car before driving it off the lot, you should insure a new ring either before or just after it leaves the jewelry store.

Allstate encourages newly engaged couples to have rings scheduled for insurance coverage. Scheduling an engagement ring provides an opportunity for couples to secure a personal property endorsement for the full appraisal amount.

“This is one of the first steps future brides and grooms should think about,” says Allstate New York spokesperson Jaclyn Darrohn. “With everything else to plan for an upcoming wedding, it makes sense for future brides and grooms to protect their newest and probably their most meaningful asset.”

Engaged Couples Endorsement

Scheduling an engagement ring for coverage is a convenience Allstate insurance agents offer as part of a broader engaged couples endorsement. This is a free endorsement for future and new brides who also carry Allstate condominium or renters insurance. As wedding registry gifts pile up, couples should consider insurance protection for gifts that may sit unattended in boxes.

Once an Allstate agent is informed about a couple’s engagement, the couple may receive coverage for up to 90 days following their wedding on gifts stored at home or at a storage facility within the same state. Allstate’s engaged couples endorsement provides 100 percent coverage of the gift contents’ covered loss value against potential theft and damage. Coverages differ for those carrying Allstate homeowner’s insurance.

This way, in the event that their partner dies, a probate attorney can easily handle their estate. The best way to keep these relatively complex issues legal is to hire the assistance of a real estate attorney. Their knowledge and experience working with estate law will ensure that there are no legal complications should this estate plan need to be enacted.

Building for the Future

There are several factors all new couples should consider when planning their insurance protection. Couples need to decide whether to rent or own a home together, to use or store cars, and to keep, store or get rid of specific items. “Combining households and insurance policies calls for a detailed plan,” Darrohn added. “Meeting with an insurance agent is important to make sure a couple’s coverage needs are addressed and taken care of before and after the wedding.”

The honeymoon period is never over for newlywed couples looking to secure their futures with proper insurance protection for their current and future holdings. With the pre- and post-wedding coverage options from Allstate Insurance, couples can afford to focus on other aspects of their new lives.

For More information and a new quote please call Shirley Eizember, Pinckney Insurance Agency, 41 Port Watson St, Cortland New York. 607-756-8505

The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer known for its “You’re In Good Hands With Allstate®” slogan. Now celebrating its 80th anniversary as an insurer, Allstate is reinventing protection and retirement to help nearly 16 million households insure what they have today and better prepare for tomorrow. Consumers access Allstate insurance products (auto, home, life and retirement) and services through Allstate agencies, independent agencies, and Allstate exclusive financial representatives in the U.S. and Canada, as well as via www.allstate.com and 1-800 Allstate®.

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