Jewellers Block Insurance is a packaged insurance specially designed for retail, wholesale, manufacturing companies engaged in the business of gold, jewellery, other precious metals and stones. It usually covers stock in trade (consisting of jewellery, gold, platinum goods, bullion, precious stones, pearls, watches, clocks, silverware, crystal and other similar goods), Furniture, Fixtures, Fittings, Plant & Machinery, Office Equipment, Alarm Systems, etc., It also covers currencies up to the agreed limit.
All Risks Coverage up to Full Policy/ Stock Limit
- Burglary, housebreaking, Hold-Up or Robbery
- Fire & Allied Perils
- Sleight of Hand/ Mysterious disappearance.
Cover is available for stocks (within certain Limits) whilst for Mashreq Bank customers:
- At the identified business locations within UAE and outside UAE.
- Carryings by Employees within UAE or elsewhere.
- During Transits.
- At private residence of employees in a locked safe.
- At third party locations for repair or valuation purposes (Entrustments/ memo).
- At Exhibitions.
- At Photo shoots.
- At Hotel Showcases.
- At Fashion shows.
- Sendings by registered mail, airfreight and courier.
- Automatic increase of Sum Insured on stock during a specified period such as peak seasons.