In light of Valentine’s Day, I would like to share a quick story with you about love (and insurance) gone wrong.

Kevin bought a beautiful engagement ring for his girlfriend, Jessica, in December. He had heard about people insuring their rings so he decided to add it to his policy. Kevin stashed the ring in his safe until February 14th.

On Valentine’s Day, Kevin and Jessica had a wonderful steak dinner. The waiter then brought out a chocolate soufflé with the ring situated perfectly on top. Jessica jumped out of her chair and Kevin proposed on one knee. She said, “Yes!” and the other restaurant goers clapped.

To celebrate, they took a mini-cruise to the Bahamas.

After a heated game of bingo, Jessica burst out of the Explorer’s Lounge to the deck. Kevin followed her. Jessica said she no longer wanted to marry Kevin, because he didn’t let her win Bingo, and threw the beautiful engagement ring overboard.

Kevin was heartbroken, but he remembered that he had insurance on the ring so all was not lost!

When he arrived back at port, he contacted his insurance company to make the claim. He discovered that the insurance wouldn’t cover the ring.


Kevin had given the ring to Jessica. The ring was no longer considered Kevin’s ownership. The ring is not a shared asset until the marriage certificate is signed.


While it is important to insure your large ticket items, you need to be careful about how you do it. Our agents are happy to walk you through the process of proper insuring and answer any questions that you may have!

P.S. if anyone finds a ring near South Bimini please let Kevin know. He is looking for it…