{"id":287,"date":"2020-04-08T08:02:08","date_gmt":"2020-04-08T08:02:08","guid":{"rendered":"https:\/\/sudhirkumarjain.com\/shop\/?p=287"},"modified":"2020-04-09T08:05:21","modified_gmt":"2020-04-09T08:05:21","slug":"insurance-issue-of-the-week-10","status":"publish","type":"post","link":"https:\/\/sudhirkumarjain.com\/shop\/fire-insurance\/insurance-issue-of-the-week-10\/","title":{"rendered":"Insurance Issue of the week-10"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]<strong>Is Jewellery Block Insurance covers all the perils ? (Jewellery)<\/strong><\/p>\n<p><strong><u>\u00a0<\/u><\/strong><\/p>\n<p>The policy covers very specific risks such as: Fire ,Explosion ,lightning , burglary ,hold-up ,robbery , riot strike &amp; malicious damage only but the policy holders are not aware of the risks covered and they thinks it is an all risks policy, where as it is not so.<\/p>\n<p>Its only after a claim occurs that the deficient policy conditions come to limelight i.e the risks of \u00a0Storm, Flood ,tempest, Inundation ,Earthquake and other perils of Standard Fire &amp; Special perils Policy are not covered.<\/p>\n<p>During the recent floods in J &amp; K &amp; other states, many a jewellers suffered huge losses but they got rude shock of their lives , when they were informed that the peril of Flood was not covered under the policy , as the same was an add- on peril, \u00a0covered by payment of additional premium.<\/p>\n<p>Further the owners also thought that their Furniture Fixtures \u00a0also includes the\u00a0<strong><u>Tools of Trade<\/u><\/strong>\u00a0as well , since in the proposal forms of many companies , there was no column to mention the tools of trade .<\/p>\n<p>However the policy form has a separate column for Tools of Trade , which was shown as\u00a0<strong><u>Nil.<\/u><\/strong><\/p>\n<p><strong><u>Thus the claimants virtually got nothing , as the stocks etc were not covered against the risks of Flood. More over the Tools of Trade were not specifically mentioned and hence not covered.<\/u><\/strong><\/p>\n<p><strong>Be careful while insuring Jewellers shop <\/strong><strong>\u00a0<\/strong>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]Is Jewellery Block Insurance covers all the perils ? (Jewellery) \u00a0 The policy covers very specific risks such as: Fire<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-287","post","type-post","status-publish","format-standard","hentry","category-fire-insurance"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/posts\/287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/comments?post=287"}],"version-history":[{"count":1,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/posts\/287\/revisions"}],"predecessor-version":[{"id":288,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/posts\/287\/revisions\/288"}],"wp:attachment":[{"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/media?parent=287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/categories?post=287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/tags?post=287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}