Did that special person in your life just propose marriage on Valentine’s Day? If so, then please accept our best wishes for both of you. We’re sure you’re on cloud nine, and you should be. This is a moment you won’t forget. However, don’t take too long, because there are a few pressing tasks that need your attention now that you are the proud owner of that sparkling diamond ring. We know you have not yet considered the safety of your new bling, but we have. Sometime very soon, you’ll want to “think insurance” as we are. Did you know that the Insurance Information Institute warns that the loss of valuable jewelry is one of the most common of all content-related home insurance claims?
So we hope you’ll take the following steps to see that your new engagement ring is financially protected in case it is lost, damaged or stolen.
This is the time of year when, it seems, everyone is tying the knot -- strolling into wedded bliss. All the checklists and plans are underway, and dreams of the wedding march and the honeymoon dance in your head. But does that checklist include the possible changes to your insurance portfolio as you join two lives and become a couple? Will you need different financial protection? What will managing two careers as a couple mean for you? How will merging two households affect you?
Do your future plans depend upon two incomes? If so, your lifestyle will reflect that. You will have expenses that you have not yet anticipated, and perhaps you have existing education loans or even medical bills to pay. Then there's retirement... yes, it seems so far away, but who knows what the future will bring? Will you buy a home? Will you start a family? In fact, one never knows what life holds in store, so it is important to make plans now to protect what you have and what you expect to have.