How to insure your engagement ring

| March 11, 2019

article image
If you just got engaged, congratulations! It’s a very exciting time. You’ve got a wedding to plan, guests to invite, a venue to choose, and about a million other things to do. But already you’re worried that something might happen to the ring – the sparkly, gorgeous, beautiful ring now attached to your left hand. It’s so shiny and it means so much to you; you’d be heartbroken if anything happened to it. That’s why you’re wondering how to insure your engagement ring. Here’s what you need to know about getting engagement ring insurance. How to insure an engagement ring. 1. First step: Check out your renters or home insurance policy. The first thing you’ll want to do is check out your home or renters insurance policy. Usually, your home insurance or renters insurance will only offer limited coverage for jewelry and other valuables – it could be as little as $1,000 per item. And if your ring is worth more than that, it might be time to consider getting extra coverage for your new bling. (If your ring is worth less than the coverage offered by your home insurance or renters insurance you may not really need to purchase extra insurance.) Also, find out if there’s a total limit for jewelry and plan accordingly.

Spotlight

Tower Hill Specialty

Tower Hill Specialty is a niche provider of specialty personal lines property insurance. The specialty personal lines property insurance market can best be described as dwelling fire, manufactured home, condo, and homeowner risks that fall outside of the standard and preferred marketplace.

OTHER ARTICLES

Working From Home: What You Need to Know About Insurance Coverage

Article | March 30, 2020

During these unprecedented times, the everyday norm is shifting for most Americans. Commutes have become a simple walk down to the coffee maker instead of the usual 15-30 minute drive from home. With much of the workforce working remotely, likely from a home office, it is important that you are protected from further unexpected exposures. Most homeowner and renters insurance policies limit coverage, so discussing business exposures with your agent to ensure proper coverage is in place is a must.

Read More

Do I Need Professional Liability or E&O Insurance in Massachusetts?

Article | March 30, 2020

In a nutshell, Errors and Omissions (E&O) insurance is a professional liability insurance policy created to protect professionals, employers, and employees from claims of inadequate work or negligence. Here in Massachusetts, it’s a useful policy for professionals who work with contracts, finances, investments, and other risks.

Read More

COVID-19: How Insurance Can Help Mitigate Business Losses through the Crisis

Article | March 30, 2020

The COVID-19 outbreak is now a pandemic, affecting governments, businesses and individuals all over the world. As borders are closed, and day to day life is put on hold, it presents an unprecedented threat to the global economy and to the future viability of many businesses. Nevertheless, there are steps that organisations can take to protect themselves, and to ensure the financial consequences are kept to a minimum. In particular, businesses should be considering whether they can mitigate losses through their existing insurance policies. Regardless of the type of insurance, particular attention should be paid to notice requirements typically set out in each policy wording.

Read More

How Big Data is Impacting Client Expertise in Insurance Industry?

Article | March 30, 2020

Big data has helped the financial services industry, including with the insurance industry, evolve like never before. Maximum count of traditional insurers and insurance corporations are preferring big data analytics to boost client expertise. Moreover, insurers are utilizing massive big data to its fullest capability or are there scope to try and do more? The insurance regulator has already allowed a sandbox, a mechanism to promote and facilitate innovation, and currently, the Federal Reserve Bank of Asian country has planned a sandbox for fintechs. Disha Sanghvi asks specialists if this may cause higher utilization of massive information and a lot of innovation within the insurance space.

Read More

Spotlight

Tower Hill Specialty

Tower Hill Specialty is a niche provider of specialty personal lines property insurance. The specialty personal lines property insurance market can best be described as dwelling fire, manufactured home, condo, and homeowner risks that fall outside of the standard and preferred marketplace.

Events