Jewelry Insurance Manual
Table of Contents
Insuring Jewelry
Insurance Contract
Insured
Policy Period
Where Insured
Property in Safes or Vaults
Property Insured
Perils Insured
Perils Excluded
Valuation
Coinsurance
Deductible
Additionally Acquired Property
Pair or Set Clause
Loss Settlement and Payment Options
Protection of Property
Other Insurance
Other Clauses
Computing Premiums
Jewelry Rates and Minimum Premiums
Vault Rates
Deductible Rating Credit
Minimum Premiums
Additions and Cancellations
Submitting Jewelry Floater Business – Use of Application
Schedule of Items
Item Description
Gemological Institute of America (GIA)
Verification of Values
Jewelry Appraisals
The Appraisal Process
Appraisal Credentials
Jewelry Industry Leaders Talk About Appraisals
Appraisal Values: Fact or Fiction
Finding Good Appraisers — The Solution
A Guide for Underwriters and Adjusters
Who is Qualified to Appraise?
What Information Should be Included?
Gemstone Grading System
What Grading System Should Be Used For Diamonds?
What Grading System Should Be Used For Colored Gemstones?
Should Appraisals Be Accepted With Incomplete
or Split Grades (i.e. H-I Color)?
When Should an Appraisal Be Updated?
Where Should An Appraisal Be Prepared?
Why Have An Appraisal?
Are There Items to Look for in the Fine Print of Appraisals?
Appraisal Evaluation Suggestions
Agency Underwriting and Policy Issuance
Claims
Jewelry Information
Precious Metals as Used in Jewelry
Weights & Measures
Platinum
Gold
Silver
Precious Metal Jewelry Manufacturing
Gemstones
Phenomena
Identification
Synthetics and Simulants
Gemstone Toughness
Gemstone Treatment
Gem Lab
Gem Cutting
Gem Setting
Diamond – the Four Cs
Cut – The Misunderstood “C”
Color
Clarity
Carat Weight – the 4th “C”
Diamond Grading
The Anatomy of a GIA Diamond Report
Diamond Certificate vs. Appraisal
American Cut Standard for Round Brilliant Diamond
Colored Stone Grading
Emerald
Ruby
Sapphire
Other Colored Gems
Watches
Appendices
Appendix A – ACORD forms
Appendix B – Jewelry Inventory and Sales Classification
Manual
Appendix C – Gemstone Information Manual
Appendix D – Underwriting and Claims Resources
Appendix E – Glossaries
Appendix F – Jewelry Insurance Issues Newsletter