All that being said, we enjoyed some of the ideas presented in 8 Secret Spots to Hide Valuables at Home. We particularly liked the “Head of Iceberg Lettuce Safe” pictured above which is linked in the article. This is an unusual version of what are often called diversion safes – common household objects either hollowed out or with hidden compartments.
This article reminded us of some creative ways to camouflage your laptop if you worry about theft at the airport or the coffee shop.
Every February, The LifeFoundation runs a promotion called “Insure Your Love” which reminds the public that a good way to show you love somebody is to protect them via the gift of life insurance. Here are a few wacky videos from the nonprofit’s past promotions. If you are a traditionalist about Valentine’s Day gifts and choose to buy jewelry or some other expensive item, make sure you insure those, too!
Collecting things seems to be a common thread for most human beings. It starts in childhood: most kids have a collection of one thing or another, ranging from rocks to bugs (spare a moment to pity the poor mother of the intrepid budding entomologist) at some point during their youth. You may have a collection of your own. Many of us, in a trend that spans centuries, bring home spoons or shot glasses or other souvenirs of our travels. I myself have a cabinet full of emblazoned coffee mugs from such exotic locales as Zoo Atlanta. Well, they have pandas.
Collections are not without risk. Lucille Ball and Desi Arnaz, in the charming 1953 comedy The Long Long Trailer, nearly have their honeymoon derailed by Lucy’s rock collection. Rocks on the open road are an unlikely danger, but unfortunately, collections can be lost in other, more mundane ways, such as fire or theft. If you have a collection that you value, talk over insurance coverage options with your independent insurance agent and make sure it’s covered on your homeowners or renters policy. After all, today’s stamp album can turn out to be tomorrow’s retirement fund.
Valentine’s Day is a tradition going back to 496 A.D, with its actual origins tracing back to St. Valentine’s execution 269 AD for marrying couples against the mandate of the Roman Emperor. Since then, Valentine’s Day has become a gold mine for retailers. According to the US Census Bureau, jewelry stores sold $2.27 billion in merchandise in February 2011. While that number might seem staggering, the National Retail Federation is expecting jewelry sales to hit $4.1 billion this year. Their survey results show that over eight in ten men are expected to buy jewelry for their significant other this year, the highest amount their survey has ever reported, leading to the purchase of lots of expensive jewelry that could easily become lost or stolen.
Contributing to “the big spend” is the fact that Valentine’s Day is the third most popular time for couples to get engaged, lagging behind only Christmas and New Years. According to a survey conducted by Bride’s Magazine last year, the average cost of a wedding ring is $4,647. In today’s tough economic times that would not be easy to replace, nor would any of the other lavish gifts couples buy this time of year. Jewelry is popular with thieves
If you do splurge for the holiday, or have a lot of expensive jewelry lying around already, it might not be a bad idea to investigate your insurance options. Most burglars are looking for accessible items of value that can be easily transported, making jewelry a prime target since items are often left out or kept in easy-to-grab jewelry boxes. The Insurance Information Institute offers the warning that jewelry and other expensive gifts may only have minimal coverage under standard homeowners insurance policies and offers tips for how to properly insure your valuables.
Was Santa good to you over the holidays? If you received any valuable gifts, you may want to review your insurance coverage to make sure that these items are adequately protected in the event of a loss. Standard homeowners, renters and condominium insurance policies will generally cover personal items, but policies often have limits of $1,000 to $2,000 on the dollar amount for certain valuables. You may also want to check your deductibles. It’s a good idea to review your policy to be sure of the extent of your coverage and to check with your insurance agent if you have any questions or doubts. You may want to add an endorsement (also called a rider) to give you additional coverage for valuable possessions.
Here’s a list of some potentially high-value items that you may want to consider for additional coverage: