Love, Risk and Coverage: The Unlikely Romance Between Valentine’s Day and Insurance

Ah, Valentine's Day - the time of year when love is in the air, the day for lovers or is it that insurance is also in the air….. well, insurance is usually the last thing on anyone's mind. But, before you roll your eyes and dismiss the idea, let's take a moment to explore the unexpected connection between Cupid's arrows - and coverage plans.

Love is a risky business

There are inherent risks to love. Yes, that warm, fuzzy feeling inside can also bring the side effect of heartache, literally and metaphorically. From the heart palpitations of a new crush to the emotional rollercoaster of a long-term relationship, love is a wild ride. But fear not, for where there's risk, there's insurance! Just as we protect our homes, cars and health with insurance policies, there's a case to be made for protecting our hearts too (figuratively, of course).

Valentine's Day mishaps

Let's delve into the Valentine's Day mishaps that could have you reaching for your policy documents faster than you can say "roses are red" - and insurers often reporting a rise in claims after February the 14^th. Picture this: you've planned the perfect romantic evening—candlelit dinner, a bouquet of roses, perhaps even a romantic bath littered with rose petals. But alas, disaster strikes! The candle sets fire to the tablecloth, the roses trigger an allergic reaction, and the bath overflows, flooding the kitchen downstairs, you left the oven on or the disco lights that you purchased for the “romantic dance” malfunction and burn the house down – from an internet unknown cheap seller. Fear not, for insurance has your back! Home insurance can help cover the damages from that candle incident - and the overflowing bath - while health insurance might come to the rescue for those pesky allergies. Love is always served better by sensible insurance forethought!

The Proposal Predicament

The proposal—the pinnacle of romantic gestures. But before you drop down on one knee and pop the question, have you considered the potential pitfalls? What if the ring gets lost, or stolen? What if your partner says no and throws it into the nearest body of water in a fit of rage? What if you’re both so nervous, you fumble things, and the ring falls off the scenic Instagram cliff you’re standing on? During the Great Depression in America, De Beers ran a campaign suggesting that men commit to spending one month’s salary on the ring - and the idea stuck. Indeed, Brides.com now says a hopeful suitor should spend around three months salary on a ring! Luckily, there's such a thing as jewellery insurance to safeguard that precious ring. This token of your affection certainly won’t come cheap and should be insured even before you ask that very important question.

Love and long-term planning

As relationships mature, so do the the long-term aspects of love and the resulting financial entanglements. Joint bank accounts, shared mortgages and overlapping insurance policies become the norm. It's a tangled web of love and bureaucracy. But, before you cry your heart out, remember that insurance is here to ride in on a white horse and simplify matters! Whether you're combining car insurance policies or bundling your home insurance with your partner's, there are plenty of ways to streamline your coverage and save some money in the process. Who said romance was dead?

Love is the best policy

Love and insurance may seem like strange bedfellows, but they're more intertwined than you might think. From protecting against Valentine's Day disasters to navigating the complexities of long-term relationships, insurance is there to lend a helping hand (or the policy of a comforting embrace). So, this Valentine's Day, as you're showering your loved ones with affection, take a moment to appreciate the unsung hero of romance: insurance. After all, nothing says "I love you" like a comprehensive coverage plan.

And like your loved one, the chosen one – make sure it is the right insurer and broker that will be there in your time of need.

Have a great evening!

Read more blogs from Ascend:

The perils of buying business insurance online

Inflation and increasing claims costs

Any questions? Please don’t hesitate to contact one of our team.

matthew.collins@ascendbroking.co.uk |  Telephone: 01245 449 060