Enjoys years of experience in diamond, as well as other precious goods insurance – to include: gems, Jewellery and precious metals. Fine Art and other valuable commodities.
We insure the entire chain of valuable goods production and trade as from Diamond importer to Jewellery Retail stores -or rather as from the mine to the customer's finger – in Israel and worldwide.
In "Clal Diamonds" we focus on Tailor made cover – according to the unique needs of each and every client – under the umbrella of – Jewellers' Block policy
The professional and experienced team of "Clal Diamonds" will help in building the appropriate insurance policy and obtain the most suitable insurance cover.
Whether you own a jewelry store, diamond exporter, jewelry, diamonds, gemstones manufacturer – we at Clal Diamonds undertake to provide with the most suitable insurance umbrella for your specific needs, with attractive rates with high rated insurers.
What is JEWELLERS' BLOCK?
JEWELLERS' BLOCK is an "all risk" type of insurance, i.e cover applies for loss or damage to the
Insured property resulting out of any cause whatsoever, unless specifically excluded.
Common exclusions are- infidelity committed by employees / customers, damage during process and as direct result therefrom, jewellery items whilst being worn, political risks, theft from unattended vehicle, natural disasters and consequential losses.
Burden of proof to prove the existence of exclusion lies upon the insurers.
The insurance is not subject to "Average Clause" – i.e no proportional payment related to the proportion between sum insured and actual value of the stock ("Under insurance ") as usually exists in other types of insurance.
What exposures may be covered as part of the "JEWELLERS' BLOCK"?
Premises -Stock at the assured's premises (offices / factories /workshops, safes) in Israel and abroad.
Carrying -Stock whilst carried by the assured's employees /salesperson in Israel.
Entrustment -Stock whilst entrusted to third party (Contractor/ broker/merchant / customer) on Memo /Consignments and alike –in Israel and all over the Globe.
Shipments -by Secured Air Cargo/ Valuable Cargo/ Personal transport/ Mail, courier companies.
ON TOURS -Stock whilst carried by the assured or Third party on his behalf abroad, including carrying to and from destinations and within any geographical limits agreed (ON TOURS)
Exhibition and private shows.
Processing risk – cover against loss or damage caused whilst the stock is being worked upon