Insurers may offer the option of extending jewelry coverage during international travel, ensuring your valuable items are protected anywhere in the world.

Some insurance plans offer coverage to cover the cost of first aid and restoration of jewelry damage, such as a dropped stone or metal damage to the jewelry.

When you purchase new jewelry, this coverage ensures that your new purchase has extra protection for a specified period.

It provides all-risks coverage for the loss of or damage to jewelry or similar valuable items held as stock by retailers, wholesalers, manufacturers, and pawnbrokers. It typically covers various causes including theft, robbery, burglary, shoplifting, fire and more.

The typical exclusions includes employee dishonesty, faulty workmanship, unattended vehicles and other standard exclusions such as nuclear hazard, communicable disease, war, and terrorism.

There is no fixed minimum coverage limit. the coverage is entirely dependent on the value of the items involved. The acceptance of coverage by underwriters varies based on factors such as the size of the insured business, location, and the level of security measures in place at the premises.

Losses are adjusted as follows:-

• For Insured own goods, adjustment based on the cost price recorded in the stock records.
• Pure precious metals are adjusted based on the replacement cost at the time of the loss.
• Losses related to insured interest entrusted to the assured are adjusted based on the assured’s liability as stated in the entrustment note.

Please note that these answers provide a general overview, it is important to refer to the policy documentation for precise details on coverage, exclusions under our jewelers’ block insurance.