Jeweller's Block Insurance (JBI)

Key Coverage Areas

• Property on Premises – Covers loss or damage to jewelry, diamonds, pearls, cash, and currency notes stored in display windows, safes, or private lockers against fire, theft, burglary, earthquakes, and flooding.
• Stock in Custody – Protects jewelry in possession of owners, employees, or representatives while being shown to customers or transported to brokers/cutters.
• Stock in Transit – Covers loss or damage while transporting jewelry via air, rail, road, or waterways, including secure transport through Angadias (trusted jewelry couriers).
• Office Equipment & Machinery – Covers damage to equipment used in jewelry manufacturing due to fire, explosion, riots, theft, burglary, and natural disasters.

Important Considerations

• The correct value of jewelry must be declared to avoid underinsurance.
• Proper documentation is required for claims involving entrusted stock.
• Coverage varies across insurance providers, so terms must be carefully reviewed.