Jeweller's Block Insurance
The policy covers 4 sections:
|
Sections |
Risk |
Scope of cover |
| 1. | Covers loss of or damage to the stock in trade and also cash and
currency notes as stated under (a) to (e) below while contained in the premises
where the insured’s business is carried on or at other premises where the property
insured is deposited: Property insured on the premised; Property insured in Display windows; Property insured in locked safe on the premises; Cash and currency notes, and Property insured in Bank Lockers. |
Fire, Explosion, Lightning, Burglary, Housebreaking, Robbery, Hold Up, Theft, Flood, Strom, Tempest, Earthquake. Terrorism can be covered on additional premium. |
| 2. | Covers loss of or damage to the stock-in-trade while carried
or conveyed or distributed outside the premises by the persons for the purpose
of the insured’s business by any cause whatsoever except excluded.
Property insured while in the custody of the insured, his partners, or his employees, directors, duly constituted attorney and sorters of diamonds, persons not in regular employment of the insured such as brokers, agents, cutters or jewellery manufacturers. |
All Risk cover. |
| 3. | Covers insured property (excluding currency) whilst in transit
within India by Regd. Post/Air freight only:
Regd. Insured Parcel: Rs.5 lakhs or 10% of the sum insured under Section I, whichever is less; Air Freight (full value to be declared to the Air Liners) Transit through Angadia (Maximum Rs.10 lakhs). |
All Risk cover. |
| 4. | Loss or damage to the furniture, fixture, fittings, safe & trade equipments. | By fire and allied perils or burglary and/or housebreaking, theft, robbery, hold-up, riot, strike and malicious damage only. |