Americans are projected to have spent $17.6 billion on Valentine’s Day this year, pushing those hand-written love letters aside and grabbing their wallets to pony up some serious dough. According to a survey from the National Retail Federation, the average consumer will spend approximately $126 to ensure that Cupid hit its mark.
This estimate is about an 8.5 percent increase from last year’s spending, putting those claims to rest about how one can’t put a price on love. But after all is said and done and Valentine’s Day is another year away, some of these tokens of love will get damaged, lost or stolen. As you may or may not know that homeowner policies generally cover valuable and precious items such as jewelry, but they usually have limits. So what is the best way you can protect your valuables?
Protecting your valuables from loss is an affordable option for anyone with treasured belongings. Whether you just need jewelry insurance or want insurance for multiple valuables, there are plenty of options to choose from. So you can add on and choose the exact coverage you need. Plus, if you purchase more than one policy with a company you can save with a multi-policy discount. Many companies offer this savings to you, so all you have to do is ask.
Hope you had a wonderful Valentine’s Day and Cupid was very good to you!
Here at Donald J. Medeiros Insurance Agency our goal is to try to help our viewers by suggesting solutions for all insurance needs. By no means can we address each reader’s specific concerns in every incident. So, we strongly advise to check with an insurance representative to address your specific needs. However, you can also contact us for any questions or concerns and we will be happy to help you. We can offer a complete line of personal & commercial insurance products for all of Massachusetts, Rhode Island and New Hampshire.