When security is just not enough and a break in can cause losses of several crores, insurance is what you need.
JEWELLERS BLOCK INSURANCE
- High liquidity and inflation-beating capacity are jewellery’s strong selling points. The steady increase in demand is luring businessmen to set up big shops with jewels worth crores of rupees.
- Even after employing reputed security and following stringent regulations, incidents of cutting the roof or walls and getting away with stocks of high values is on the rise.
- There is, therefore, a need to insure the stock against various perils.
Get quote if you agree to our Terms of Use and Privacy Policy
JEWELLERS BLOCK INSURANCE
ABOUT
Business dealing with jewellery, diamonds, species, bullion and precious stones must opt this insurance. This policy provides protection against financial loss due to fire, burglary, housebreaking, theft, riot, strike, robbery and hold up, terrorism, at named premises.
The package insurance provides coverage in 4 sections.
- Loss of Stock, Cash and Certificate of diamonds due to the above perils at the premises
- Loss while the items are in possession of employees / Owners outside the premises
- Loss while in transit through Angadia, declared registered post and courier
- Loss of other contents in premises – Office Equipment, Electrical fittings, etc.
JEWELLERS BLOCK INSURANCE
BENEFITS
- Sum Insured to represent the maximum projected value of items for the year
- No depreciation
- Policies subject to agreed deductible for coverages
Add On Covers
- Can opt for coverage of fraud and dishonesty risks.
- Shoplifting
- Mysterious Disappearance
- Risks during Jewellery exhibition
Search Website
Have a question? Ask or enter a search term?
Search Insuropedia
Have a question? Ask or enter a search term?