Jewelry Package Insurance

Jewelry Package Insurance provides coverage for the damages to be caused by the employees on the insuree’s stocks or fixtures and for loss or damage to be caused for any reason, including damages to be caused by earthquake and terror risks. 

Jewelry Insurance Package comprises of the following coverage:

• Stock Coverage: Damage to be caused by fire, lightning, explosion risks on the stocks, commercial merchandise and the bank bills that are in the possession of insuree and used in his workplace are taken under coverage within the scope of the Fire Insurance General Conditions.

Risks under the following circumstances can also be included in the scope of the insurance dependent upon preference:

• Coverage for Risks of Travelling: It provides coverage for damages to be caused on stocks, commercial merchandise and the bank bills that are in the possession of insuree and used in his workplace, of which the insuree or its employees carry with themselves on trips they made for commercial purpuses within the territory of the Republic of Turkey and within the scope of risks covered by the insurance policy while travelling.
• Coverage for Stocks Maintained Out of Safe-Box outside the Business Hours: If there is no secure safe-box in the insuree’s risk address specified in the policy to keep the stocks, commercial merchandise and the bank bills that are in the possession or custody of insuree and used in his workplace; then it provides coverage for damages that may occur in case when the insuree maintains his insured assets, falling to the abovementioned scope and of which he included in the policy coverage outside the business hours, in a place that he considers more secure and within the scope of risks covered by the insurance policy.  This coverage is limited to 10% of the stock insurance value, maximum TL 50.000.-
• Domestic Transport Insurance: It provides coverage for damages that may occur in case when the insuree transfers the stock, commercial merchandise and the bank bills that are used in his workplace from one place to another by air cargo, Security Company, post, emergency courier delivery, etc. for commercial purposes and within the scope of risks covered by the insurance policy. 

Depending upon the preference, Fixtures, Goods in Custody, Breach of Confidence, Strike, Lockout, Riot, Civil Commotion, Malicious Acts, Terrorism and Earthquake can be included in Jewelry Package Insurance as additional coverage.

* Jewelry Package Insurance is offered by Zurich Insurance Company. Please contact with the TEB Branch nearest to you to purchase this insurance.