Jeweler’s Block Claims

Jeweller’s Block claims are specialised in nature and require in-depth domain knowledge of the jewellery trade. Our team comprises professionals with prior experience in diamond polishing and certification agencies, individuals with traditional goldsmith family backgrounds, and seasoned claim handlers with extensive exposure to Jeweller’s Block insurance claims.

We have handled a wide range of claims involving gold, diamonds, precious stones and finished jewellery arising from burglary, theft, robbery, fire, transit risks, infidelity and other insured perils. Our experience includes claims of varying magnitude, ranging from a few lakhs to multi-crore losses, with the highest single claim assessed being ₹5 Crore.

Our strong understanding of trade practices, combined with wide geographical reach, technical capability and efficient turnaround time (TAT), has enabled us to be empanelled with Lloyd’s reinsurers. Additionally, the quality of our technically reasoned reports, along with observations on loss prevention measures for insureds and underwriting inputs on policy wordings wherever required, has led to our empanelment with all leading insurance companies underwriting Jeweller’s Block insurance.

Scope of Services:

  • Verification of circumstances, cause and nature of loss
  • Review of policy coverage, warranties, exclusions and limits
  • Examination of stock records, books of accounts, and inventory controls
  • Verification of purity, weight, quantity and valuation of gold and diamond
  • Assessment of loss involving burglary, theft, robbery, infidelity, transit risks, etc.
  • Coordination with police authorities and review of FIR, panchnama and investigation reports
  • Assistance to insured in recovery and identification of salvaged items, wherever applicable
  • Scientific loss quantification supported by documentary and physical verification
  • Identification and application of policy conditions, exclusions and limitations
  • Underwriting observations and suggestions to insurer, wherever applicable
  • Preparation of clear, reasoned and unbiased survey reports