A Jewellers Block Insurance policy had been specially devised for diamontaires, i.e. those establishments dealing solely in diamonds. The policy can be used to cover jewellers either for retail or wholesale marketing.
The property covered under this type of insurance is as under : - Jewellery gold and silver ornaments or plate, pearls and precious stones of any kind whatsoever, cash and currency notes and / or merchandise and materials usual to the conduct of the insureds business - Trade and office furniture and fixtures whilst they are in insureds business premises.
The cover provided under the policy is divided into four sections. It is not necessary for the proposer to cover the risk under all the 4 sections. If a proposer desires he can cover the risk under sections I and IV only. However, coverage under Section I its compulsory.
The policy is subject to certain specified exclusions.
The policy is subject to certain conditions that are similar to those under the other miscellaneous accident policies.
MODELEXAM® 
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