The Ultimate Valentine’s Day Gift
Valentine’s Day is just around the corner, and it’s nice to mark the occasion with something special for your sweetheart. Flowers and candy are good standbys, but a piece of jewelry will last forever. Now how much do you want to spend? A hundred dollars, or a thousand? How about a hundred-thousand?
If you’re Prince William, you are going to have a hard time outdoing the engagement ring. Kate Middleton's 18-carat blue sapphire surrounded by 14 diamonds is valued at £85,000, or about $136,000. She may have to wait awhile before asking for an upgrade.
Did you know that if Kate Middleton’s engagement ring were lost or stolen, it wouldn’t be covered under a standard homeowners policy? In fact, high value items like jewelry, art, and electronics can be covered under your policy with an option called a rider. The cost for a rider can start at a few dollars a year and go up from there, depending on the value of the item you want covered.
So do something special for your Valentine this year. Make sure her expensive jewelry is covered in case of theft or loss. Talk to your insurance agent to find out about additional coverage for your high-value items.