Insurance Tips Featured
- Written by Thomas Milani
Insurance Tips
Does your insurance policy cover every kind of loss? Keep the following tips in mind when evaluating or purchasing insurance for your merchandise.
- Fine print: Some policies do not cover "mysterious or unexplained disappearances." Watch out!
- Deductibles: Premiums are cheaper if your deductible is $10,000 or more.
- Coverage limitations: Make sure your policy covers both watches and jewelry. Make sure you're covered not only in your store, office, or home, but also on the road.
- Make sure you are covered on "Memos".
- "Proof" of loss: Record all serial numbers, and keep a very good description of each item, ideally a photograph or even a photocopy of the item.
- Cost of insurance: Top insurance underwriters have competitive rates. The cheapest insurance is not necessarily the best.
Insurance tips are the curtesy of the IWJG (International Watch & Jewelry Guild)
Hello. I'm Thomas G. Milani, founder, promoter and director of HongKongShows.com. My role is essentially the organization, marketing and press of our shows, but mostly is to enjoy every detail of these great events.
Website: www.hongkongshows.com