Be Mine, Valentine?

Jewelry Protection – Make Sure Your Token of Love is Covered

Ah, February.  Valentine’s Day is near, and love is in the air.  Well, love and a few other things, such as chocolates, romantic dinners, candy hearts that say “Be Mine” - and, of course, jewelry.

According to the National Retail Federation, a projected 4.8 billion dollars will be spent on jewelry this month.  That’s a lot of bling!  It’s exciting {not to mention romantic} to receive jewelry from a loved one — or to give it as a gift.  But if you’re lucky enough to have some new jewelry in your home this Valentine’s Day, you should take a few minutes to think about something you probably don’t find quite as exciting or romantic: insurance.

Aren’t sure where to turn?  Don’t worry.  At ALINK Insurance Services, we think it is exciting to help our customers protect what’s most important to them — so we’re ready to help and can answer all of your questions.

Here are a few things to consider when insuring jewelry:

• You may need to purchase additional coverage.  Your homeowners policy covers valuable items such as jewelry only up to set amounts.  If the cost of replacing your jewelry exceeds that limit, you will want to purchase scheduled personal property coverage.  You can check your policy or give us a call.

• You might want to reconsider your deductible amounts.  As always, this impacts your policy premium.  It’s a good idea to take a look at your deductibles whenever you make a change to your policy.  

• Do you need an appraisal?  You may need to have an independent appraisal if the insurance company requires it or if you don’t know the value of your jewelry.  Each item should be listed with a description and value on paper.

• What kind of coverage is offered?  You’ll want to determine if items are covered no matter where they are, whether they’re in Colorado Springs, or on an international trip, and if the policy offers full replacement cost.  You also should ask if you will be required to replace your jewelry if lost or stolen, or if you can simply keep the cash settlement.

• Pictures can be helpful.  Lost or stolen pieces of jewelry sometimes can be recreated if the jeweler has a good photograph to work from.

Of course, it’s important to store your jewelry securely when it’s not in use; a safe in your home or a safe-deposit box is best.  We want your jewelry to be replaced if it’s lost or stolen, but we’d rather your sentimental and valuable pieces stay with you and your family for years to come.

Here’s hoping your Valentine’s Day is full of fun and romance.  And if there’s no jewelry involved, well, there’s always next year!

Contact Us!

For further questions and assistance, please contact ALINK Insurance Services at any of our offices!

Denver Metro/Parker: 303-752-6479
Colorado Springs: 719-473-6262
Greeley: 970-475-0900
Surrounding States: 877-643-614