Jewellery Insurance
This is a package policy specially designed for jewellers & diamontaires i.e. those establishments dealing solely in diamonds.
The policy can be taken by jewellers who are wholesalers or retailers. The policy cannot be given to establishments whose work is predominantly manufacturing like cutters and goldsmiths. The policy also cannot be given to angadias , brokers or pawn brokers etc.
This is a package policy specially designed for jewellers & diamontaires i.e. those establishments dealing solely in diamonds.
The policy can be taken by jewellers who are wholesalers or retailers. The policy cannot be given to establishments whose work is predominantly manufacturing like cutters and goldsmiths. The policy also cannot be given to angadias , brokers or pawn brokers etc.
Scope of Cover
- Covers loss or damage to property contained within the premises where the insured's property is deposited against the risks of fire, explosion, riot or strike, malicious damage, burglary, housebreaking, theft, robbery and hold -up risks only.
- Covers loss or damage to property insured while in the custody of the insured's partners and / or employees
- Property insured, excluding cash and currency notes in transit within India by air - freight or local couriers.
- Loss or damage to furniture, fixtures and fittings from fire, explosion, lightning, riot or strike, malicious damage, robbery and hold - up risks only.
Exclusions
- Loss or damage to the property while it is being worked on or from any process of cleaning, repairing or restoring.
- Loss or damage to the property while it is being worn or used by the insured, his representatives or his relatives.
- Loss or damage to the property while it is displayed in a public exhibition.
- Loss due to theft or missing from property stored in an unattended road vehicle.
- Loss or damage to the property arising from depreciation, gradual deterioration, wear and tear, etc.
- Loss or damage to fragile items.
- Loss or damage to the property owing to a dishonest act of the insured's employee or family member or person entrusted with the property.