Emergency board-up policyholder benefit

What is it?

Jewelers Mutual understands the risks associated with your business and the limited time you have in the event of an emergency to make decisions about protecting your property.

That’s why Jewelers Mutual covers 50% of costs associated with emergency board-up services up to a maximum of $1000 per occurrence. This policyholder benefit is available for JM commercial policyholders and is contingent upon pre-approval from our Asset Protection team.

This benefit is intended as assistance with preventative measures, and not intended to take the place of an insurance claim. In the event of a filed and covered claim, reasonable board-up or extra expenses are considered and may be included in the claim payment, according to the terms and conditions of your insurance policy.

Utilizing this benefit is not and will not be considered a claim.

Why is it important?

Insurance is an excellent risk transfer tool – it helps protect your financial well-being while providing peace of mind. However, with covered losses still come the headache of preparing inventories, cleaning initial debris to create a safe site, time closed to customers while repairs are made, and the initial emotional toll experienced during a loss – to name a few.

Protecting your property prior to a loss goes a long way. It could prevent or reduce damage to glass and property – perhaps even saving you the need to file an insurance claim.

How does it work?

Whether it be yourself, a trusted contractor, or a large national fire/water cleanup and restoration company, the choice is yours and the process is the same. Just follow these few easy steps:

 

1. Obtain pre-approval from our Asset Protection team

Send an email to assetprotection@jminsure.com indicating the need and reason for emergency board-up services. Though there may be various scenarios, requests will be granted if they focus on proactively protecting property from foreseeable, possible or impending loss and uncertainty. Examples include but are not limited to:

  • Organized or non-organized civil disorder, riots, or demonstrations
  • Protection from natural disasters such as hurricanes, wildfires, severe storms, or impending flooding

 

 

 

2. Share your final invoice or receipt

Send your final dated and itemized invoice or receipt to assetprotection@jminsure.com. Jewelers Mutual will reimburse 50% of the total cost of materials and labor for the emergency board-up services up to a maximum of $1,000 per occurrence to the policy first Named Insured. Examples:

  • Materials and labor are invoiced for $2,500. Jewelers Mutual will reimburse $1,000 towards the invoice. (50% of $2,500 is $1,250. Reimbursement is capped at $1000 per occurrence)
  • Materials and labor are invoiced at $750.00. Jewelers Mutual will reimburse $375.00 towards the invoice. (50% of $750 is $375.)

 

 

3. Get reimbursed

Reimbursement is provided via a mailed check from Jewelers Mutual.

 

Coverage is subject to underwriting review and approval, and to the actual policy terms and conditions. Any descriptions are a brief summary of coverage and are not part of any policies, nor a substitute for the actual policy language.

Coverage is offered by a member insurer of the Jewelers Mutual Group, Jewelers Mutual Insurance Company, SI (a stock insurer). Policyholders are members of Jewelers Mutual Holding Company.