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JEWELER'S BLOCK COVERAGE
(1) Covered Property
This insurance covers the insured's stock, property left with the insured
for repair or other purposes, and the insured's interest in and legal liability
for property on memorandum or consignment from others in the jewelry trade.
(2) Covered Perils
The policy is written on a "special" form. Some of the more prevalent
perils covered are fire, open stock burglary, inside and outside holdup, safe
burglary, theft, pilferage, kidnapping, shoplifting, window smashing, damage
or loss of salesman's samples in transit, loss in transit by registered mail,
water damage, sprinkler leakage, and smoke damage.
(3) Exclusions
The principal exclusions are loss caused by war or nuclear reaction; loss
or shortage disclosed on taking inventory; loss from unattended vehicle other
than common carrier vehicle; loss during shipment other than by registered mail
or under receipt by armored car service, passenger bus line, or customer parcel
delivery service; loss at insured's premises caused by earthquake or flood;
loss caused by dishonesty of anyone to whom property is entrusted; damage sustained
while property is being worked on; and damage sustained while property is being
worn, except watches worn solely for the purpose of adjustment.
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