Like any other trader, Gold Merchants are aware of the risk involved in the commodity that they trade in. Gold and Jewelry in general attracts a lot of attention. The risk of loss and damage involved demands extra security. However, no matter what securities are exercised the risk of loss is not totally eliminated and insurance becomes a solution for providing coverage.
At the Company we offer the Jeweller's Block Insurance. As the name suggests, this insurance provides wider coverage against loss and /or damage to stock, furniture, fitting and fixtures etc.
Under this policy there are specific meaning to the word "Stock" which shall mean goods consisting of gold, jewellery, platinum goods, bullion, precious stones and pearls.
The rate chargeable is always applied on the Total Sum Insured and is very dependent on the scope and extent of cover opted for, security measures in place amongst others. There is a Deductible and Conditions to the policy.
