Jewelry claims are complex and need special attention by jewelry and diamond experts. Insureds are faced with a jewelry and diamond pricing system that changes daily. The terminology used to define quality of gems and diamonds can be confusing for both insurers and the policyholder.
Consider this:
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There are more than 70,000 jewelry businesses in the US, all with different levels of experience, training, and service.
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U.S. customers spent more than $50 billion on jewelry and watch purchases in 2016.
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According to insurance industry data, $1.5 billion in jewelry is lost or stolen annually.
Jewelry insurers and policyholders can benefit greatly from the use of expert, knowledgeable replacement services: the insured receives a replica of that cherished piece, and insurance carriers often save a great deal by replacing, identifying or deterring fraudulent claims, and benefit from the cycle of collecting premiums from the policyholder who usually reinsures the replacement piece with the same carrier.
Claimlink© Jewelry Replacement
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