Jewellers’ Block
Coverage and claims analysis for jewellery, precious stones and the risks surrounding their custody and movement.
We advise on jewellers’ block insurance disputes, where the value and mobility of insured property make the quality of the documentary record particularly important. Our work examines the circumstances of the alleged loss, the interests insured and the conditions governing possession, security, transit and the conduct of the insured business.
- Custody and transit
- Security conditions
- Stock and ownership records
- Loss valuation
The policy and the circumstances of possession
We assess the scope of cover for the property and activity concerned, including the relevant locations and the role of employees, agents, carriers or other custodians. The analysis considers the applicable endorsements and any conditions relating to storage, safes, alarms, transport or supervision. Each requirement is evaluated within the actual policy and the legal framework governing the claim.
Establishing the loss and its value
A claim may require the reconciliation of stock records, invoices, consignment documents and evidence of ownership or an insured interest. We examine the sequence of custody and movement, the account of the incident and the material supporting the quantity and value claimed. Where specialist valuation or other expert evidence is required, we identify the questions that must be addressed.
Resolving the insurance and recovery issues
We advise on coverage, the factual and evidential issues in dispute and the implications for settlement or litigation. Potential claims against custodians, carriers or other parties are considered alongside the insurance claim, with attention to contracts, limitation issues and the preservation of evidence. Reporting sets out the basis for the recommended course and the uncertainties that remain.