Allstate Insurance Offers New Yorkers Tips for Insuring Engagement Rings and Other Valuables

HAUPPAUGE, N.Y. (Feb. 9, 2016) - It's awards season and Valentine's season and America is on watch for the glam couture and glitzy jewels. While mainstream Americans may not walk the red carpet like a celebrity, it's important for New Yorkers to insure your jewels like one.

'Many people don't wear their jewelry because they are afraid they might lose it,' said Christina Kelly, Allstate New York Spokesperson. 'Some pieces hold sentimental value that can never be replaced, but when our customers choose proper insurance coverage on jewels it gives them confidence and peace of mind that they are financially protected when the unexpected happens.'

Homeowners, renters or condo insurance policies typically limit coverage for personal items such as jewelry, furs or couture accessories to between $500 and $2,500, depending on the policy. Jewels like engagement rings, necklaces, bracelets or earrings that exceed that amount, may need additional coverage to help ensure they're protected. Scheduled Personal Property (SPP) covers most valuable items like jewelry against perils like fire, theft and loss.

Tips to insure your jewelry

  • Have a detailed appraisal and be sure to keep the bill of sale. To keep coverage current, have jewelry appraised every five years.
  • Keep and maintain an inventory of jewelry and individual valuables - this should be part of a broader home inventory to help better understand everything someone owns.
  • Review your current insurance coverage to determine protection levels.

The tips provided here are guidelines. Please use your best judgment when insuring personal property items.

Available online, the Allstate® Digital Locker can help consumers create a detailed home inventory of all their items, jewelry and more, that is securely stored online and easily available in case of any disaster or theft.

The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer, protecting approximately 16 million households from life's uncertainties through auto, home, life and other insurance offered through its Allstate, Esurance, Encompass and Answer Financial brand names. Allstate is widely known through the slogan 'You're In Good Hands With Allstate.' The Allstate brand's network of small businesses offers auto, home, life and retirement products and services to customers in the United States and Canada. In the 20 years since Allstate became a fully independent public company, The Allstate Foundation, Allstate, its employees and agency owners have donated more than $405 million to support local communities.

The Allstate Corporation issued this content on 08 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 February 2016 16:40:22 UTC

Original Document: https://www.allstatenewsroom.com/news/valentines-red-carpet-insurance-fashion-must/