Tide Turns On $9000 Engagement Ring

A Cape Cod jetty may have caused a rocky start to the engagement of a Massachusetts couple. You probably heard the story this week about the would- be groom that tied a $9000 engagement ring to a sand dollar. This was all part of his plan to propose at the jetty overlooking Bass River Beach in South Yarmouth. The good news is the girlfriend found the sand dollar. The not so good news is she dropped both the sand dollar and the $9000 bauble. The ring is still lost to the great Atlantic.

 The news reports that the ring was insured by the groom’s mother a few days earlier.  It shows the importance of discussing insuring valuable articles  with an insurance professional. Our agency representatives make a point of explaining guidelines with customers to assure valuable items are properly insured.  Who owns the ring and where they reside are all important factors  in deciding on how the ring should be insured. If the engaged couple have their own individual residence or reside together then coverage should be secured through a tenant or condo policy. If the groom or bride-to-be live at home then it is possible to insure under a parent’s home insurance policy.

 A happy ending is expected for this lucky couple on all fronts. The wedding proposal was accepted and a replacement engagement ring  will soon be adorned by the lucky bride-to be.

 

 Kasey McCarthy, CPCU

Andrew G. Gordon, Inc. / Insurance

680 Main Street  (POB 299)

Norwell, MA 02061

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About Geoff Gordon
Geoffrey Gordon, CFP(r), CIC, CRM joined the agency in 1982, after working in sales for a national carrier and then for a Massachusetts life insurance agency. Geoff earned his CERTIFIED FINANCIAL PLANNER (TM) certification in 1985, his Certified Insurance Counselor (CIC) designation in 1994, and completed his Certified Risk Manager (CRM) designation in 2004. Geoff has been president and owner of the agency since 1987, and devotes most of his time to assisting new and existing commercial accounts in reducing the cost of risk. As a small business owner facing many of the same challenges most of our commercial clients face, Geoff appreciates and understands how managing risk can deliver bottom line results.

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