Quick. What’s the most popular day of the year for popping the question? If you said Valentine’s Day, you’re wrong. According to Facebook, America’s official “love holiday” actually trails Christmas and New Year’s Eve for engagements. In fact, more than all engagements occur in November and December, with estimates ranging anywhere from 30% to 43%.
Facebook had lots of interesting observations. Of the 2.6 million people who changed their status to “engaged” in the US last year, the median age at engagement was 24. Unfortunately, another trend uncovered by Facebook is that the price tag for the average US wedding is higher than ever.
So what’s the takeaway? Basically that there are a lot of young men out there buying engagement rings this month whose money is probably going to their weddings instead of insuring their big jewelry purchase!
Of course, it doesn’t have to be that way — and shouldn’t be that way. Outside of buying a home or a car, one of the biggest purchases of your life is an engagement ring. Luckily, young couples can now purchase GemSafe, a form of jewelry coverage developed by SterlingRisk that is highly affordable and extremely comprehensive.
Here’s how it works. GemSafe is able to keep costs down because it allows you to purchase only the coverage you need for your engagement ring. If you have other valuable jewelry, just add it to your GemSafe policy. And regardless of where you travel on your honeymoon or in the years to come, GemSafe provides you with worldwide coverage and lets you go to the jewelry store of your choice for repairs.
To get started, go to GemSafe.com, upload a photo of your engagement ring along with a photo of your receipt or appraisal, and complete the online application. The whole process takes about five minutes.
This holiday season, make sure GemSafe is tops on your wish list. Few gifts are so affordable and offer so much in return! For more information, visit www.GemSafe.com.