Check your insurance cover to ensure a happy Valentine’s Day

Valentine’s Day is a chance to demonstrate your love by a gift to your loved one or by whisking them away for a romantic holiday.

However, without proper insurance, what starts as a happy day could turn into a nightmare if things go wrong.

If you are planning to give your beloved something expensive you need to make sure that both of you are properly insured. Insuring expensive items when they are taken outside the house is covered by “personal possessions” insurance which is either built in as standard or can be purchased as an optional extra to the home insurance policy. Without this cover, any item of value that is lost or stolen away from the home is not covered. So, if you are intending to propose in a beautiful setting and you lose your nerve or the ring, you can be comforted that you will have another opportunity at a later date without having to dip into your savings.

If you are planning a romantic holiday abroad, the importance of taking out travel insurance is well known, even if it is for only a few days. Costs of medical treatment overseas can be very variable and loss of baggage could prove very expensive without proper cover. Single trip policies can be purchased online and there are many retail outlets, banks and building societies which offer competitive cover.

What is less well known is what happens if something goes wrong when you are travelling to a destination in the UK. If you have already purchased an annual travel policy, It is important to note that with some annual policies, in order for cover to be provided you must have pre-booked at least 2 nights accommodation in a hotel, guest house or the like.

Mike Powell, Consultant - General Insurance at Defaqto said: “By taking a few minutes to check your insurance cover, you can cover your losses from unforeseen problems and help ensure that you and your loved one have a Valentine’s Day to remember, for all the best reasons.”