Jewellers Block Insurance

This is a package policy specially designed for jewelers & diamontaires i.e. those establishments dealing solely in diamonds.
The policy can be taken by jewelers who are wholesalers or retailers.
The policy cannot be given to establishments whose work is predominantly manufacturing like cutters and goldsmiths.

The policy comprises four sections which are optional except for section I which is compulsory.
Section I:Covers loss or damage to jewellery, gold and silver ornaments or plates , pearls, precious stones, cash and currency notes whilst contained in the premises insured, by fire, explosion, lightning, burglary, house breaking, theft, hold up, robbery, riot, strike and malicious damage. The sum insured should represent the cost price of the jewellery items.
Section II:Covers loss or damage to jewellery, gold etc. as described in Section I whilst it is in the custody of the insured, his/her partners, employees, directors, sorters of diamonds or whilst such property (excluding cash and currency notes) is in the custody of brokers, agents, cutters and goldsmiths. The sum insured should represent the cost price of the jewellery items
Section III:Covers loss or damage to property described in Section I whilst in transit by registered parcel post, air freight or through angadia. The sum insured should represent the maximum loss likely, arising out of any one incident
Section IV:Covers loss or damage to trade and office furniture and fixtures in insured premises due to fire, explosion, lightning, burglary, house breaking, theft, hold up, robbery, riot, strike and malicious damage. The sum insured should represent the market value of the property.