Jewelry claims are complex and need special attention by jewelryand diamond experts. Insureds are faced with a jewelry and diamondpricing system that changes daily. The terminology used to definequality of gems and diamonds can be confusing for both insurers andthe policyholder.

Consider this:

  • There are more than 70,000 jewelry businesses in the US, allwith different levels of experience, training, and service.

  • U.S. customers spent more than $50 billion on jewelry and watchpurchases in 2016.

  • According to insurance industry data, $1.5 billion in jewelry islost or stolen annually.

Jewelry insurers and policyholders can benefit greatly from theuse of expert, knowledgeable replacement services: the insuredreceives a replica of that cherished piece, and insurance carriersoften save a great deal by replacing, identifying or deterringfraudulent claims, and benefit from the cycle of collectingpremiums from the policyholder who usually reinsures thereplacement piece with the same carrier.

Claimlink© Jewelry Replacement

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