Were you one of the many couples to pop the question during the holiday season? Congratulations! When it comes to planning your joint future, make sure you and your new jewelry are adequately protected with comprehensive insurance coverage. Here’s a starting point for insurance considerations for newly engaged couples.
Engagement Ring Coverage
Update your home inventory for your homeowners insurance to include your new valuable jewelry. This will cover your ring if it is lost, stolen, or damaged as a result of an event in the home such as theft or fire.
Explore additional plans such as Collectibles and Valuable Items to cover out-of-home accidents involving your ring. These plans will bring you peace of mind should you ever face one of the many common incidents where engagement rings become lost or damaged.
Combining Auto Plans
Bundling auto plans often will bring savings. However, remember that if your spouse-to-be has a poor driving record, it could affect your coverage options when you bundle your plans. Review your records prior to combining plans to ensure you’re making full informed decisions.
Updated Life Insurance Plans
This is a good time to review your life insurance coverage. Most people only utilize the plan provided by their employers. Consider whether these plans would cover all living expenses in the event of an emergency, or if additional, more comprehensive coverage may be useful. Additionally, use this time to make any changes to the beneficiary of your existing life insurance plans and discuss what to expect with your future spouse.
The foundation of any strong future is planning! Set you and your spouse up for a long and happy life by staying on top of your insurance considerations. MetzWood is here to help you weather any storms that may come your way, and protect the moments that matter most.
Get in touch with a MetzWood representative today to discuss your coverage options.