This policy covers only two causes of loss (Perils). This is a named peril policy where the perils covered are clearly listed under the policy.

This is the basic form of cover for property.

This policy covers any unforeseen, sudden and physical damage to property insured in consequence of the following two perils (causes of loss):

This is an all risk form of policy wording and this is much wider than named peril policies. This Policy provides cover against accidental physical loss or damage to specified items as a result of any cause, which is not specifically excluded from the policy. Therefore, rather than listing what is covered, this policy only lists what is not covered. Cover under this policy included but not limited to all perils mentioned under “Fire and Allied Perils”.

This policy also covers Theft or Attempted Theft (by violent and forcible entry to or exit from the premises).

The Jewellers Block Policy is an “all risk” coverage, which means that the insurer must specify what is not covered. If a risk is not in the list of exclusions, it is covered. Typical risks that are covered are Burglary, Robbery, Shoplifting, Grab and Run, Trick Loss, Substitution and Accidental Damage, in addition to the usual risks such as Fire.

What Risks are Not Covered.

The most important exclusions are Employee Dishonesty, Damage to Goods Being Worked Upon and Mysterious Loss or Unexplained Loss. Most other exclusions can be bought back if required or they are “common sense” exclusions.

What Extensions are Available?

Coverage is based on stock at your premises but may be extended to follow your stock almost wherever it goes, including: