Insurance for Your Wedding Rings

Did you know that June is the most popular month for weddings? 

I’ve seen many of my clients planning weddings over the next few weeks.  So I thought I’d share an insurance tip this week just for engaged couples and newlyweds.

You’re spending a lot of money on your wedding and those new rings.  Make sure they’re covered! 

Jewelry is covered under your Homeowners or Renters insurance.  But the coverage amount can be limited.   If you don’t cover the individual piece of jewelry specifically, you might not have enough insurance if it were to be lost or stolen.

Here’s what I recommend.  Get an appraisal of your rings from the jeweler.  Then bring in a copy and we’ll add the rings to your policy.  (We can also discuss deductibles or special coverage.)  Depending on the value of the ring, you might spend only a few dollars a year to know that your valuable jewelry is insured.

If you are renting or getting ready to purchase a home and don’t have a policy, now is a great time to schedule a free consultation to discuss what coverage you’ll need and give you a ballpark figure for what it will cost.  Renters Insurance is very inexpensive and can give you a lot of peace of mind as you combine your two households.

But the best tip I can give?  Get a local insurance agent you can trust!  We’ll look out for you and help you get the right coverage at an affordable rate.  Call today for a free quote today at 703-556-7857.

Please check out our website at www.fowlkesinsurancesrvc.com
Photo courtesy of FREEDIGITALPHOTOS.net

What is Transportation Expense (And Do You Really Need It)?

As you look through your auto policy documents, you might have seen a coverage called Transportation Expense.  What is this?  And do you REALLY need it? 

Basically Transportation Expense is there to help you when your car is unavailable due to a covered claim. 

Let’s say that you had a fender bender and your car is in the shop for a few days getting a new bumper.  Or after a major storm, you’ve got hail damage that needs to be repaired.

While the car is being repaired, what will you drive? 

That’s where Transportation Expense comes into play.  With this coverage, the insurance company will pay a certain amount per day (based on your policy) towards a rental car.  That way, you’re not inconvenienced while the repairs are being made. 

We highly recommend that you have this coverage, however there are a few situations where it might not be necessary.

If you own multiple vehicles and could easily drive another while your car is in the shop, you may not need rental coverage.  And if you rarely drive your vehicle, don’t have a job that requires you to drive daily, and could easily stay home for a week and walk where you need to go, you may not need rental coverage either.

If you’re not sure what’s best for you, then give us a call at 703-556-7857 to discuss exactly how much the coverage will cost you each month and what different levels are available.  We look forward to helping you choose the right insurance coverage!



Please check out our website at www.fowlkesinsurancesrvc.com

Image courtesy of Ambro at FreeDigitalPhotos.net