Jewelers Block Insurance
Jewelers block insurance is the specialized inland marine policy for the diamond and fine jewelry industry. It covers jewelry stock, work-in-process (stones and metals at the bench), showcases and displays, and the significant theft exposure jewelry businesses face from burglary and robbery. Unlike …
Key Coverages for Jewelers Block Businesses
- Jewelry stock — finished merchandise, gems, and precious metals
- Work-in-process — stones and mountings at the bench
- Showcases and display equipment
- Stock in transit — at trade shows, with salespeople, by mail
- Safe and vault contents
- Robbery coverage during business hours
Frequently Asked Questions
What is 'mysterious disappearance' and why does it matter?
Mysterious disappearance covers unexplained loss of inventory — stock that cannot be located without evidence of a specific theft event. In a jewelry store with thousands of pieces, discovering a piece missing without explanation is common. Standard …
Does jewelers block cover customers' repair items?
Jewelers block typically covers customers' goods in your care for repair — analogous to bailee's customers coverage. The coverage is usually sublimited and may require receipts for high-value pieces. Review the 'property of others' provisions and set…