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Valentine's Day and the Gift of Jewelry
Roughly 10% of couples in the the the United States choose Valen Valen ne’s Day Day as the the the perfect me me to to to get engaged Jewelry
is the the the most popular Valen Valen ne's Day Day gi 20% of of consumers are expected to to to to buy jewelry spending a a a a a a a a a a a a total of of $4 3 billion according to to the Na onal Retail Founda on on on on If you you you are planning to to to to gi jewelry to to to to your special someone take the me me to to to to make sure you you you have adequate insurance in in in place to to to to protect it from loss the or damage How much does it cost to insure your jewelry?
Average cost cost cost is $1 $1 to to to to $2 for every $100 that it it would cost cost cost to to to to replace replace it it So if your ring as an an an example costs $9 $9 000 to to to to to replace replace you you can expect to to to to to pay between $90 and $180 per year to to insure it Worth every dollar Is my my jewelry covered by my my renters or homeowner's policy?
A standard homeowners policy includes coverage for jewelry and and and other precious items items such such as as watches and and and furs These items items are covered for losses caused by all the the perils included in in in your policy such such as as re re re re windstorm the the and and vandalism However there are special limits of of liability for certain valuable items such as as as the the the the the the the the of of of jewelry jewelry To keep coverage a a a a a a a a a a a a a a a a a a a ordable because jewelry jewelry can be be easily stolen the the the the the standard policy has a a a a a a a a a a a a a a a a a rela vely low limit of of liability for for the the the the the —generally about $1 500 This means that the the the the the insurer will not pay more than the the the the the amount speci ed in in the the the the the policy for for any given piece of jewelry or or other valuable item that is lost