- There are also several conditions that you have to follow in order to get free insurance on jewellery.
- You will also have to keep all other documents including the bill, police FIR copy
Now you don’t have to worry if your jewelery gets lost or stolen during your travels. Because now there are some jewelers who are giving free insurance on the purchase of jewellery. If you have taken this insurance, then it can be of great benefit to you at such a time.
These jewelers are giving insurance on jewelry
Among the leading jewelers in the country who are currently offering free insurance on jewellery, P.C. The jewelers are Pople Jewellers, PNG Jewelers Malabar Gold & Diamonds, Ora, Cartlane, SLG Jewellers, Ratnalaya Jewellers, E.johri.com and Kalyan Jewellers.
All of them have started giving free insurance. Insurance cover basically protects your jewelry in case your jewelry is stolen, or lost. Or it gets damaged in situations like riots or earthquakes. You will not be given any policy document in lieu of this.
Giving information in website and advertisement
All these stores are currently promoting free insurance on their website and advertisements. However, before taking this type of insurance, you should do a thorough investigation. This is because it is not standardised. All these insurances will be given to you only for a fixed period of time. Ora will charge the premium from the customer for the first year. From the second year onwards, it will be up to the customer whether to renew it or not. The products offered under free insurance are limited products. For example, Sancon Gold and SLG Jewelers offer it only on diamond jewellery.
Insurance will not be available on products less than 10 thousand
Free insurance will not be applicable on gift cards and products that are worth less than Rs 10,000. Many jewelers also offer free transit insurance. If you are buying online and your jewelery is lost during delivery, it will be covered. PNG Jewelers is offering this type of insurance. However, there are certain conditions for claiming such insurance. Like how your jewelry has gone missing. If it is lost due to your fault then you will not get the insurance claim.
Claim will be received only after police FIR
Pople Jewelers says that you will get insurance cover for any missing jewelry only when its FIR is registered with the police. For example, if you have left your ring in the hotel, then in such a situation you cannot claim. Because it’s your fault. According to Popele, two such insurance claims came to him. A customer’s jewelery was stolen while he was in the temple. A complaint was lodged with the police. In this case the insurance claim was given to the customer.
Get help from insurance advisors
However, you need to take the help of insurance consultants to claim such insurance. Because the insurance cover is given to you through them only. In such a situation, the jeweler’s store or its call center will not pay you any claim. He is not responsible for this. You will also need to keep the FIR copy, invoice, details of the incident and other information with you to get the insurance claim. Also, if you have not renewed this jewelry insurance, you will not be eligible to claim the insurance.
The value of jewelery covered under free insurance can also vary. For example, you have a pair of bracelets. You have paid GST for it. So you will get the claim on this basis. Under this, you can claim 95% of the value of the original product.
