for my business
for specialised risks
I want to
Insurance for specialised risks
Insurance for agriculture
Call us on
For claims related queries
February is known as the month of love and, even in a pandemic year, billions of rands are expected to be spent on Valentine’s Day gifts, globally. For many, this month represents a time for emphasising the importance of the love in our lives. Interestingly, Picodi, an international e-commerce company, found men buy more expensive gifts than women do, with men’s average spend sitting at R 1027, versus women at R744. In total, a staggering 74% of South Africans celebrate the day of love, and 51% of women rate jewellery as their most desired gift. Another great gift you can give yourself? Peace of mind.
Marius Steyn, Personal Lines Underwriting Manager at Santam says, “We know Valentines’ Day gifts are especially sentimental – and maybe even more so this year – so it’s wise to protect valuable items with the right insurance policy, so you can easily replace them should anything happen.”
Whether it's a diamond engagement ring, the dream car you’ve been dying to drive or any flashy pair of shoes, hold your horses before you start showing off to your loved ones and friends. If you already have household content insurance, talk to your broker for advice on how you can insure your gift.
Steyn shares some tips on how you can cover your gift and have peace of mind if anything were to happen to it:
Steyn concludes that as the person receiving the gift, it’s best to get your own policy as soon as possible if you do not already have one. If you decide on having one policy between you and your partner, but you’re not the main policyholder but rather the additional insured, it’s up to your partner to pay you in the event of a claim, which could get difficult if you’re not together anymore.
By clicking accept, you agree to this, as outlined in our cookies policy.