This policy is designed to cover the dealer of gold and jewellery which includes protection to stock
of gold, jewellery, precious stones, etc as well as the furniture, fittings, decoration that may
arise out of fire , acts of god perils, theft,fidelity, in transit,sending’s and many other perils
related to the trade.
Jeweller's Block insurance is a specialized insurance policy designed to provide coverage for loss or damage to valuable items like jewelry, gemstones, watches, and other precious items that are commonly found in jewelry stores, pawnshops, and other businesses in the jewelry industry. Here are some key points about Jeweller's Block insurance in the UAE:
Ans: Jewelry businesses, including manufacturers, wholesalers, and retailers, should consider purchasing Jeweller's Block insurance to protect their inventory, as well as any items that are in transit or on display. This type of insurance policy can also be useful for individuals who own valuable jewelry collections.
Ans: Jeweller's Block insurance in the UAE provides coverage for a wide range of risks, including loss or damage due to theft, burglary, fire, water damage, and natural disasters. The policy can also cover loss or damage to items that are being transported, as well as any damage that occurs during the repair or cleaning process.
Ans: The amount of coverage you need for your jewelry business depends on the value of your inventory and the level of risk involved. It is important to work with an experienced insurance provider, like Al Buhaira Insurance, to determine the appropriate amount of coverage for your specific business needs.
Ans: When selecting an insurance provider for Jeweller's Block insurance in the UAE, it is important to choose a reputable company with experience in providing coverage to businesses in the jewelry industry. The policy should provide comprehensive coverage with competitive premiums and include provisions for protecting against new and emerging risks in the jewelry industry.
Ans: In the event of a loss, you should contact your insurance provider immediately to report the incident and initiate the claims process. The insurance company will then investigate the claim and work with you to determine the appropriate settlement amount based on the terms of your policy. It is important to have clear documentation of the loss and any evidence of damage or theft to the insured items.