Love and Marriage and.....Insurance? Part 1

This week, we are presenting a 5 part mini blog episodes of: "First Comes Love, Then Comes Marriage.....But Are You Insured?"   Proposing to a loved one, preparing for your wedding, buying your first home or planning to start a family are big life milestones.  These life milestones affect all areas of your life and yes, even the insurance.  You want to know how these things may affect your insurance or how are they covered. 

Our first episode starts with our young couple, Joe and Lisa, out on the town for quite dinner together.  Lisa is surprised and overjoyed when Joe gets on one knee, presents her with a gorgeous ring and asks her to marry him.  "Yes!" she exclaims and accepts the ring.  Let's pause this show for a quick commercial.......

Most people don't think twice about asking their agent how the new ring is covered under their homeowners or renters insurance.  Most people don't know until something has happened to that ring, that there is very limited coverage under the general homeowners policy for jewelry and usually not covered at all for an item that is misplaced or simply lost.  A policy or coverage commonly referred to as a Personal Articles Policy is used to schedule specific pieces of jewelry and usually requires a recent appraisal (Note - this policy is also used for other items that can be limited in coverage such as jewelry, furs, silverware/goldware, fire arms, antiques, collectibles and many other items).   Generally, you may be able to add the coverage to your current renters or homeowners insurance, or purchase a stand alone Personal Articles Policy.  You've invested a great deal of money into your ring, make sure it's properly insured.  Now back to our program.....

Joe and Lisa are now ready to share the good news with their friends and family.  They begin to talk about setting dates, venues, dresses..........to be continued until tomorrow!