Valentine’s Day is upon us! Are you showering your loved ones with beautiful gifts? If you get a little out of hand with spoiling your spouse or partner, be sure to think it through before you purchase something that could affect your liability or even somehow give up your secret gift. If you're looking to surprise your significant other with an expensive Valentine’s Day gift, you definitely need to check out these tips...
Look at that car!
One of the most dramatic commercials you will see is when the husband walks outside to find a $50,000+ luxury sedan or sports car. If you're planning on buying your significant other a new car, make sure you speak with your auto insurance agent to find out how long you can wait to add it to your policy. If you add the new vehicle to the policy and your insurance company sends you a new ID card or updated policy documents, it could really throw a wrench in your surprise!
Diamonds are forever, as long as they don’t disappear!
If you're planning on buying an expensive watch or jewelry, it will most likely need to be added to your homeowner's insurance or renter's policy. When you purchase it, try to get an appraisal from the jeweler. Most companies require an appraisal to add jewelry to a policy. When you schedule jewelry on your homeowner's or renter's insurance policy, not only are you covering the jewelry but in most cases, you are covering the jewelry better. Most scheduled jewelry will be covered even if you lose the jewelry and sometimes if you lose a diamond from your jewelry.
If you're looking for an insurance agent or have any questions about your Valentine’s Day gifts, reach out to us at Harrell Agency Services! We're your go-to insurance agent in Central Florida!