Jewellers' block Insurance Policy In
A Few Easy Steps

Jewellers Block Insurance has certain exclusions, including:

• Mysterious disappearance of stock.
• Price fluctuations and trade credit losses.
• Financial loss due to damage during repair, cleaning, or exhibition of jewelry.
• Losses caused by riots or strikes.
• Loss or damage to furniture, fixtures, or business equipment such as air conditioners and fax machines.

To file a claim with Ambicaa Jewel Insurance, follow these steps:

• Immediate Notification: Report the incident to Ambicaa Jewel Insurance, providing details about the loss or damage.
• Evidence Collection: Gather evidence, such as CCTV footage, police reports, or photographs.
• Document Submission: Provide stock records, invoices, and proof of ownership.
• Survey and Assessment: The insurer may appoint a surveyor to assess the loss.
• Settlement: Claims are processed promptly after verification.

The Sum Insured typically represents the maximum value of stock within the premises, calculated as Cost + 10%. The additional 10% covers costs such as freight, duty, glazing, finishing, and making charges.

This insurance covers:

• Theft, burglary, robbery, shoplifting, and dacoity.
• Employee dishonesty and infidelity.
• Fire and natural calamities like earthquakes and floods.
• Losses during transit or at third-party locations (e.g., job workers, certifying institutes).

Losses involving logistics providers, courier companies, and parcel posts.

Pre-requisites include:

• Information on business premises construction and location.
• A record of past claims history.
• Adequate security measures, such as CCTV cameras and secure safes.

Yes, because banks are not liable for losses due to fire, theft, or other damages. Ambicaa Jewel Insurance ensures your valuables are protected even in bank lockers.

This policy is suitable for:

• Hallmarkers, grading institutes, retailers, wholesalers, manufacturers, brokers, and others involved in the jewelry trade.

Yes, Ambicaa Jewel Insurance offers insurance for pawn brokers to cover pledged goods, primarily gold and jewelry.

This insurance covers:

• Goods pledged to the pawnshop.
• All risks of physical loss or damage.

Public liability related to the business.

Yes, Ambicaa Jewel Insurance covers loss or damage during transit, including:

• Registered parcel posts.
• Professional courier services.
• Air freight.
• Self-transit by the insured or employees.

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Most claims are settled within four weeks. However, complex cases may take up to three months.

The claim limit is defined by your policy’s coverage. If the claim exceeds this limit, you may need to cover the remaining expenses.

The sum insured should reflect:

• Current valuation of all precious metals and stones in stock.

An additional buffer of 15-20% to account for stock increases.

Yes, Ambicaa Jewel Insurance allows jewelers to offer insurance to their customers. This policy can cover theft, burglary, accidental loss, fire, and natural disasters. Many jewelers provide free insurance for a year, with an option for customers to renew later.

To claim, the customer should:

• Notify the jeweler or Ambicaa Insurance.
• File a police report for theft or burglary.
• Submit purchase receipts for verification.

Yes, if:

• The policy is used for business purposes.
• The business is GST-registered.
• The premium payment is documented.

Feel free to reach out to Ambicaa Jewel Insurance for any additional queries or to get a tailored policy for your business needs!