WHAT IS JEWELLERS BLOCK INSURANCE POLICY ?

 

What Is jewellers Block Insurance ?  

Jewelers block insurance policy will provide a wide range of coverage of risk, jewelers block insurance policy specially design and developed for jewelers and diamondtries, and policy offer tailored maid as per your business requirement, whole your jewelers business risk cover under one single jeweler block protector policy.

Which type of causes / losses covers under policy?

• Theft, 
• shoplifting 
• snatching, 
• robbery, 
• burglary, 
• HOUSE breaking, 
• dacoity, 
• Fidelity (dishonesty by employees and business partners), 
• fire,
• a loss in transit, 
• loss with courier companies (angadia), 
• Post parcels losses, 
• loss with airlines and air cargo, 

and all type of natural calamities i.e.

• flood, 
• earthquake, 
• tsunami, 
• storm,  
• Typhoon

All terrorism losses, riots, strikes, in fact, every loss will be covered which interrupt your business or trade. 

Subject to the declaration in the proposal form.

Which type of causes not covered under jewelers block policy?

• Unexplained losses, 
• mysterious disappearance, 
• dishonesty by customers or other traders, 
• hypnotism
• lost stock,
• Unattended stocks

What covers under jewelers block policies? and sections 

Own Stocks and stock held in trust related to your business ie. Gold jewelry, silver jewelry and articles, diamond jewelry, imitation jewelry, loose diamonds, color stones, mounts and alloys, packing materials, and other business related stocks, note only stock covers in insurance subject to availability in your company books of account.

Section 1 - Fire & Allied perils, Burglary, Robbery for Jewellery, Cash & valuables whilst at premises

   This Section covers the stocks of the insured for trading purposes which include jewelry, diamonds pearls including cash and currency notes at the insured premises

Section 2 - Robbery for Jewellery, & valuables whilst in transit under the custody of the insured or his representative

  The Section covers loss or damage to the contents as mentioned in Section 1 whilst in transit under the custody of the insured, his partners, directors, employees, brokers, goldsmith, cutters and sorters due to any perils as mentioned under the above-mentioned section.

Section 3 - Jewellery, & Valuables whilst under transit with third-party transporter or posts

Loss or damage to your stocks while stocks whilst anywhere in India by angadias, registered parcel post, air freight, inland waterways, rail &/or road.

Section 4 - Fire & Allied perils, Burglary, Robbery for Furniture, Fixtures and office equipment’s and machine

This Section covers the furniture, fixtures, office machines like Air conditioners, fax machines EPABX and other similar machines used for the business purposes by the jeweler. The cover is provided against the following perils:

Note: The above are only the salient features of the Policy, for complete terms and conditions please refer to Policy Wordings. A proposal form is a contract between you and insurer thus before submitting the same read it properly.

Some Leading insurance companies in India, who offers jewelers block insurance policies:

Government sectors:

1) New India Assurance Co. Ltd. 

2) The oriental insurance Co Ltd 

3) United India Insurance Co Ltd 

4) National insurance company Ltd 

Private sectors: 

1) Iffco Tokyo general insurance Co. Ltd

2) Bajaj Allianz General insurance co. Ltd

3) Future Generali

4) Hdfc Ergo General Insurance

5) SBI General Insurance

Insurance Brokers / Agents

An insurance broker / Agents is best placed to assess your risks, answer your questions and negotiate with insurers to get you the best deal. You don’t have to use a broker / Agent but using one means that you’re:

• Not paying for cover you don’t need;
• Not paying for expensive overlaps across policies; 
• covered for all your risks and exposures.
• Helping In at the time of claim 
• updating you with all new changes
• save your time and energy

Some brokers and agents details are given below for your references

1) Kataria jewellery insurance consultancy.

                                

                                                  About Kataria's

We are the first and the only insurance consultants in India which specializes exclusively in Gems and Jewellery insurance. We have authorized agents of The Oriental insurance co ltd and other government and private insurance companies under IRDA. We are servicing more than 8,000 satisfied jewellery clients across India who have trusted us and insured their stock of Diamonds, Gold, Silver, Gems stones, Cash etc 

2) Nice Insurance Landmark

About nice insurance landmark

It gives us immense pleasure to introduce ourselves as IRDA’s authorized insurance professionals. We as the insurepreneurs deal in Life Insurance and General Insurance products & services.

Based in Mumbai, Nice Insurance Landmark was established in the year 1984. Since then we are serving the

insurance needs of the nation & providing valuable information, tips & counseling people for their life & assets. Through web conferencing, we are very well connected with 22 states and 3 union territories of India.

Note: Above all Images subject to information way only not intention to void any trademark.