This Valentine’s Day and throughout the month of February, many in the River Region and across Central Alabama will receive special gifts from loved ones like flowers from Al’s Flowers in Montgomery or a date night at Acre in Auburn. In this article, we will be talking about the gift of jewelry – whether it’s a sparkling ring, custom necklace, or delicate bracelet from any of the jewelers in Montgomery area or Auburn. These items represent significant moments and serve as lasting symbols of love. As meaningful as these gifts are, they come with significant value – both sentimental and financial. While you may put a lot of effort into choosing the perfect piece of jewelry for your loved one, it’s just as important to consider how to protect it.
Starke Agency urges our clients throughout Montgomery, Birmingham, Auburn, Prattville, and Pike Road to consider purchasing a Personal Articles Policy (PAP) to cover unexpected jewelry loss or damage. For most consumers, a standard homeowner or renters’ insurance policy includes coverage for personal property loss. However, there are deductibles and coverage limits. For example, a standard homeowner’s policy won’t cover accidental loss such as dropping a ring in the sink or misplacing it while out in Montgomery or Auburn. If you lose the ring, you could lose your entire investment.
For valuable items, such as jewelry, a PAP can provide additional affordable coverage that your home insurance won’t adequately cover. With a PAP, insured jewelry items are covered for accidental physical loss or damage. In other words, if your husband loses his wedding band while hunting near Pike Road or taking a walk at Lanark in Prattville, it is covered. Fine arts and collectibles are also covered under a PAP.
Why Insuring Jewelry for Valentine’s Day (and Every Day) is Essential:
- Protection against loss or theft.
- Protection against damage.
- Coverage for sentimental value, not just financial value.
- Peace of mind for everyday wear.
- Global coverage for travel.
- Customization for unique jewelry pieces.
- Ensuring your items are valued correctly.
Tips for Purchasing a Personal Articles Policy:
- Consider having jewelry re-appraised periodically to ensure your policy provides appropriate coverage.
- Keep all documentation, including purchase receipts and photos, with your appraisal.
- When filing a claim on a covered valuable item, having proper documentation, such as an appraisal, will help with the claims process.
- Each time you make a major purchase, update your PAP, including the receipt, serial number, and photograph of the new item as proof of ownership.
The month of February is all about celebrating love, and what better way to show your affection for someone special than by protecting the things they love? Insuring your jewelry ensures that, no matter what happens, the memories and value behind the gifts remain intact. For all residents in Montgomery, Birmingham, Auburn, Prattville, and Pike Road, insuring your valuable items offers protection, peace of mind, and the assurance that the love you’re celebrating is cherished and cared for. After all, love and the treasures that represent it should always be protected.
For questions or more details, please contact your Starke Agency personal account advisor today!
