What is a Jewelers Block Policy?
The Jewellers Block Policy is an “all-risk” coverage. All-risk coverage means that the insurance company must specify any items that are not covered. If you can’t find a risk under the exclusions, this typically means that it is insured.
Typical risks covered under the Jewellers Block policy are:
- Items on store display
- Items on memo
Coverage is based on stock at premises, trade shows, and exhibitions. It covers jewelers worldwide with an aim to protect your stock against loss due to burglary and fire as well as shoplifting and robbery.
What is covered under Jewellers block insurance?
- Precious and semi-precious stones
- Precious metals
HWI specializes in niche and hard-to-place risks and can advise you on the following:
When traveling with jewelry stock, you may have to meet specific criteria to qualify for extended travel coverage. Our team can advise you on travel coverage and personal security.
Temporary consignments from a supplier to a merchant carry different risk exposures, and could even lead to legal disputes. You need to be covered for those risks. HWI can advise you on the coverage that works best for your business.
Depending on the circumstances, insurance carriers may impose certain limits on the display values of your jewelry. We can advise you on proper premises security and advice you on how you can increase these limits.