The Hanover Insurance Group Offers Seven Ways To Protect Generous Gifts From Your Sweetheart This Valentine's Day

 The Hanover Insurance Group Offers Seven Ways To Protect Generous Gifts From
                     Your Sweetheart This Valentine's Day

PR Newswire

WORCESTER, Mass., Feb. 11, 2013

WORCESTER, Mass., Feb.11, 2013 /PRNewswire/ --On Valentine's Day, couples
often demonstrate their love with everything from heart-shaped chocolate to
expensive jewelry. As the prices of platinum, gold and other precious metals
continue to rise, and with jewelry being one of the top items thieves target,
there is more need than ever to protect, and insure your precious valuables.
With this in mind, The Hanover Insurance Group is offering strategies for
protecting your jewelry and getting proper insurance in case of loss, damage
or theft.



"While standard homeowners' insurance policies typically include coverage for
personal items such as jewelry and other valuables, there is often a limit of
$1,000 to $2,000 for the theft of these personal possessions," said Mark
Desrochers, president, personal lines insurance at The Hanover. "It is
important, for example, for consumers who have received an engagement ring or
a new piece of jewelry to check with their independent insurance agent to talk
about how they can protect these precious items."

To help keep your jewelry safe and properly covered, The Hanover recommends
following these seven strategies:

1.Contact your independent insurance agent immediately: Your agent is a
    valuable resource for protecting your belongings. Let your agent know that
    you are now in possession of a piece of jewelry. Find out how much
    coverage you have and if additional insurance is needed.
2.Have the item appraised: Heirlooms and antique jewelry will need to be
    appraised for their dollar value. Ask your independent agent for
    recommendations regarding a reputable appraiser.
3.Keep a copy of the store receipt: Forward a copy of the receipt to your
    insurer so that the company knows the current retail value of the item.
    Make sure to keep a copy for yourself.
4.Know who is responsible: If you receive an engagement ring, be sure to
    check with your independent agent to see whose insurance policy should
    carry the coverage in case of a loss – the purchaser or the recipient.
5.Add the item to your home inventory: Everyone should have an up-to-date
    inventory of their personal possessions. An inventory can help you
    purchase the correct amount of insurance and speed up the claims process
    if there is a loss.
6.Take a picture of the item: Get into the habit of keeping a visual record
    of all of your personal possessions. This helps to document your loss and
    speed up the claims process. It is also useful to document antique and
    unusual pieces of jewelry.
7.Keep the item in a secure location: Always make sure to store your jewelry
    in a secure location, especially if you will be away from your home for a
    while. If you do not plan to wear the item regularly, consider keeping it
    in a safe deposit box. 

While there is no way to insure the sentimental value of jewelry, having it
properly insured will provide financial protection in the event it is lost or
stolen. For more information to help you keep your precious possessions safe,
please contact your independent insurance agent or visit


Founded in 1852, The Hanover Insurance Group, Inc. (NYSE: THG) is proud to be
celebrating 160 years of delivering on its promises to its agent and broker
partners, and their customers. The Hanover Insurance Group, Inc., based in
Worcester, Mass., is the holding company for a group of insurers that includes
The Hanover Insurance Company, Worcester, Mass., Citizens Insurance Company of
America, Howell, Mich., Chaucer Holdings plc, London, and their affiliates.
The Hanover offers a wide range of property and casualty products and services
to businesses, individuals, and families through a select group of agents and
brokers. The company is ranked among the top 25 property and casualty insurers
in the United States. Through Chaucer, the company also underwrites business
at Lloyd's of London in several major insurance and reinsurance classes,
including property, marine and aviation, energy, U.K. motor and casualty. For
more information, please visit

Amy Banek
Media Relations
(508) 855-4486

SOURCE The Hanover Insurance Group, Inc.

Press spacebar to pause and continue. Press esc to stop.