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FAQs

Why is insuring through Jewelers unBlocked Collector Edition™ a smart choice for jewelry and watch collectors?
This program addresses the unique exposures of the jewelry and watch collector and is backed by Chubb Insurance Group.  Chubb is nationally regarded for its expertise in insuring high-value property and is rated A++ by A.M. Best Co.  In addition, Jewelers unBLOCKed Collector Edition™ has proven expertise in this line of business and national underwriting authority. 
 
What makes Jewelers unBLOCKed™ different from others in the marketplace?  
Jewelers unBLOCKed™ not only provides renowned Chubb client services but support resources such as access to security experts, store protection practices, and underwriters that will discuss and address the nuances of your coverage.
 
Insurance can be daunting for the individual collector, as well as for the seasoned business owner. Are there differences to be considered in insuring valuables by personal collectors as compared to business owners?  
Yes, in fact there are many.  That’s why Jewelers unBLOCKed™ and (along with Chubb) created a service that addresses the specific challenges of both the collector and the jewelry industry.  Broad coverage as well as customized solutions that can change to fit the needs of qualified clients are available.  Our program relies heavily on educating customers not only about coverage considerations but also about protecting themselves and their valuables. 
 
What is the biggest misconception about insuring jewelry?  
Many individuals and businesses think that the cost to insure their assets will be excessively high.  In reality, insuring against loss of or damage to valuables is quite reasonably priced.  In addition, investments in security can yield significant savings on a policy’s cost and make it quite affordable.
 
Can clients customize their policies?  
Clients can customize their policies by insuring all, or a portion of their possessions or inventory.  Businesses can include transit or shipping coverage, and an array of other coverages for nearly any type of exposure.  Providing advice for policy customization is a distinct competency of Jewelers unBLOCKed™.
         
With gold prices high, should individuals and businesses be concerned about their existing coverage?  
Absolutely! Previously purchased goods can have a much higher replacement cost due to increasing gold prices. We recommend that reappraisals be done every two to four years and that policy limits be adjusted accordingly.
 
Is there a formula for how much a collector or business should spend on insurance?  
All clients should evaluate their own level of risk tolerance and then work with an underwriting professional like Jewelers unBLOCKed™ to customize a policy that protects them from a devastating catastrophic loss with an eye for their bottom line.