Allstate Protects Your Love Investment

Posted by  //  February 3, 2014  //  Allstate, Articles

Offers Tips for Insuring Engagement Ring and Other Valuables

Valentine’s Day is a romantic day to share with a special someone and one of the more popular days to get engaged. Protecting a sparkling new engagement ring may not be top of mind, but imagine paying for that ring all over again if it gets lost or stolen. But if you haven’t found the perfect ring yet if you want to tie the knot soon, you can actually buy engagement rings online because it’s far more convenient than physically store-hopping.

Personal property within your insurance policy for a homeowners, renters, condo, or manufactured home may offer a set limit that will only pay up to a certain dollar amount for each piece of insured jewelry or group of valuables such as golf or fishing equipment, musical instruments or fine arts. You can see post for more information. Jewelry, like an engagement ring, that exceeds that amount may need additional coverage. Allstate’s scheduled personal property (SPP) product covers most valuable items against perils like fire, theft and loss.

“Our data shows the highest percentage of the company’s scheduled personal property items are added to property policies during the months of January and February,” Allstate NY Spokesperson Jaclyn Darrohn. “These are times when more valuable gifts may be given that include pricy jewelry and engagement rings.”

The company has tips to help consumers protect their jewelry investment:

  • Have a detailed appraisal and be sure to keep the bill of sale. To keep coverage current, have jewelry appraised every five years. If you also have any other gold items that you want to store or invest safely, you can find out more here.
  • Keep and maintain an inventory of jewelry and individual valuables – this should be part of a broader home inventory to help better understand everything someone owns. What we love about trading gold with this is that it caters to traders of all skill levels though منصات تداول الذهب.
  • The personal property coverage within your homeowners, renters, condo or manufactured home policy does not cover valuable items such as jewelry if they are lost.
  • Review your current insurance coverage to determine protection levels to fit individual needs.

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The company also advises consumers consider additional personal property coverage questions when thinking of protecting their valuables, such as:

  • Is there a homeowners, renters, condo, or manufactured home policy to attach the SPP policy to? Whose name is the policy in?
  • Does the item’s value warrant additional coverage from an SPP or can it be covered under an existing policy with property coverage?
  • Will the valuable personal items be taken out of the country?
  • Is there a detailed description and/or bill of sale for all valuable personal items that can be retrieved in case of a loss?

If valuables exceed per item limits, consumers may want to ask an agent about a scheduled personal property coverage option to better protect more valuable items.

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 and 1-800 Allstate®.

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