Jeweller’s Block Insurance

Jeweller's block insurance in Canada is specialized coverage designed to protect jewellery businesses against theft, loss, and damage involving high-value inventory, customer property, and stock.

This insurance typically covers owned stock, customer jewellery, goods in transit, trade show inventory, and items stored in safes or vaults, depending on policy terms.

Retail jewellers, wholesalers, gemstone dealers, and manufacturers need jeweller's block insurance because standard policies often provide limited coverage for high-value inventory.

Yes, jeweller's block insurance usually covers goods in transit, including shipments between locations or items displayed at trade shows, subject to security requirements.

Jewellery inventory is typically valued based on cost, market value, or selling price, depending on policy terms. Accurate valuation is essential to ensure proper coverage limits.

Insurers often require security measures such as safes, alarms, surveillance systems, and secure transport procedures to reduce theft risk and qualify for coverage.

Hard-to-place risks include high stock values, prior losses, inadequate security, or unusual operations. These risks usually require specialty insurance markets.

Brokers can submit inventory values, security details, storage methods, operations, and claims history to help underwriters assess risk and offer appropriate coverage.