From the display case to the vault, the showroom and the auction floor — gems and watches carry risk every time they move. Jeweller's Block protects precious metals, gems, fine watches, luxury goods and antiques across the whole span — store, vault, transit, exhibition and auction — on a worldwide All Risks wording. For jewellery/watch dealers, duty-free, auction houses and collectors — compare 6 insurers on Chubb's global underwriting standard.
Jeweller's Block Insurance
1. Overview — a global standard wording
Jeweller's Block insurance covers high-value goods — precious metals, gemstones, fine watches, luxury goods (handbags, accessories), art, antiques and rare coins — on an All Risks basis across stock, transit, exhibition and trade shows, under a worldwide standard wording. It suits jewellery/watch dealers, duty-free stores, auction houses, museums, galleries, luxury-goods distributors and private collectors.
Stock appraised at around ₩5bn (diamonds, fine watches): ₩3bn vault / ₩1bn display / ₩1bn in transit. ALL RISKS Worldwide + Mysterious Disappearance recommended. The premium is confirmed after the insurer's underwriting review of appraised value, vault grade, guarding spec and loss history.
Scenario B
Auction house (one-off sale, ₩10bn)
A one-off auction of contemporary art and antique watches. Cover from appraisal to sale to delivery (1 month), on a short-period pro-rata rate. The premium is confirmed after the insurer reviews lot value and the exhibition/auction schedule.
Scenario C
Museum permanent display (public/private)
Around ₩20bn on display (paintings, sculpture, installation). All-Risks permanent + loan/touring endorsement. The premium is set after a combined review of appraised values, display environment and security grade.
Things to note
When applying, confirm the basics of the contract — product name, period of insurance, premium payment term and the insured — and be sure to receive and read the policy wording and product brochure.
Coverage exclusions are set out in each insurer's policy wording and brochure; refer to them for details, as claims may be limited by exclusions or payment-limitation grounds.
If the insured event has already occurred when the contract is concluded, the contract is void.
Duty of disclosure: the policyholder, the insured or their agent must answer the application/questionnaire truthfully; otherwise a claim may be declined or the contract cancelled.
Cooling-off: a policyholder may generally withdraw the application within 15 days of receiving the certificate; note that commercial (corporate) insurance taken out by a professional financial consumer cannot be withdrawn.
Providing special benefits in connection with an insurance contract is punishable under the Insurance Business Act.
N2N Insurance Brokerage is a broker registered under Article 89 of the Insurance Business Act; it does not represent any single insurer and advises on the client's side (FSS Reg. No. 2026-012201 · Business Reg. No. 611-23-02374). Application and acceptance follow each insurer's wording.
Full Korean statutory disclosures — depositor protection, tax treatment, signature requirements, the insurance-fraud reporting center and dispute resolution — are provided on the Korean version of this page.
📌 Only marine cargo is quoted instantly on this site.
Transit, fine art and liability lines need asset valuation and underwriting, so they are not auto-quoted here.
When you request a consultation we provide a free simultaneous comparison across 6 insurers (avg. reply within 24 hours during business hours).
