4 Home Loans

An expensive Valentine’s Day gift should be protected with good insurance coverage, and some people may need to re-evaluate their coverage, according to one report.People like glitzy gifts, and Britons are set to spend nearly £467 million on jewelry this year.

Few people think about insurance when they bestow beautiful baubles on their sweethearts, according to Andrew Lowe, head of Direct Line Home Insurance.

If disaster happens and the gift is lost or stolen, they will be glad they had it covered, he says.

He recommends that buyers keep proof of purchase and pictures of expensive gifts.

Direct Line also recommends that, in light of recent bad weather, people who may experience flooding make certain that their home owners’ insurance is up to date.