Valentine’s Day is one of the most popular days for engagements, weddings and celebrations of love. Did you give or receive something sparkling this year? While the sentimental value is priceless, you should be aware of your options to protect your gift with the right insurance coverage.

What your home policy covers

Your homeowner’s insurance protects you from several types of losses. In addition to your home and property, it also covers all the possessions that you normally keep on your premises, within the limit of your coverage. Valuables, such as jewellery, are often too pricey to replace should the unexpected happen, and it’s a good idea to make sure you have enough coverage for all items close to your heart.

When it comes to coverage for your jewellery, our comprehensive group home policy covers up to $2,500 total for jewellery, watches, precious or semi-precious stones, fur garments and garments trimmed with furs.

Get extra coverage for your priceless items

If you have jewellery that exceeds $2,500 in total value, you may want to consider increasing your limit to $5,000, or scheduling an item separately as a Valuable Personal Article. Other items you can schedule include cameras, fine art, musical instruments, silverware, and more.

Automatic coverage

Your home policy also includes automatic coverage for new property, which means that you’re automatically protected in the event of a claim at no extra cost until you renew your policy. Just make sure you notify us of the purchase.

There’s no greater value than sentimental value. Keep your precious items locked up when not in use, either in a safe at home or in a safe-deposit box, and make sure clasps and closures are in working order before you wear them.

Learn more about homeowner’s coverage available from The Co-operators.