About JIBNA's Personal Jewelry Insurance
We've made jewelry insurance easier than ever before – for agents and their customers. That's because we've created a new program for a specialized kind of insurance policy (jewelry floater) just for jewelry – standalone personal jewelry insurance.
A better way to insure jewelry
JIBNA's standalone personal jewelry insurance enables consumers to insure their valuable jewelry independently and apart from their homeowners insurance policy. Because we insure only jewelry, we overcome the limitations and exclusions often encountered when trying to insure jewelry with typical homeowners insurance policies.
Thus, JIBNA is able to offer agents and their customers precisely the coverage needed — no more, no less — at competitive and attractive rates. What's more, we have almost unlimited capacity backed with the security of an admitted A- rated carrier
JIBNA believes that insuring jewelry properly starts with complete and accurate information about the piece of jewelry being insured. The more we know, the better we can insure it for its proper value and thus better protect the policyholder's interest — and an agent's loss ratio. Properly insuring jewelry also means that should a loss occur, we can more accurately, fairly, and expeditiously handle the claim.
JIBNA eliminates the guesswork often associated with insuring jewelry. That's because our advanced underwriting process uses proprietary software to screen and score jewelry appraisals and perform insurance to value (ITV) calculations. This process enables us to more accurately determine how much coverage is necessary to properly insure the jewelry.
Jewelry insurance standards
What's more, JIBNA supports and uses insurance industry standards and forms developed by the Jewelry Insurance Standards Organization. Furthermore, JIBNA offers premium discounts when using JISO/ACORD forms.
JISO is a non-profit organization established to serve the insurance industry by maintaining the integrity of jewelry insurance standards, resources, and services. Both agents and consumers can access and download various JISO jewelry forms (formerly ACORD) that are used for collecting the kind of information necessary to properly insure jewelry.
Jewelry Insurance Brokerage of North America was the vision of David W. Hendry, Jr., CIC, and his 30+ years of Inland Marine (Jewelry) experience, beginning as an underwriter in 1975.
Hendry was instrumental in the creation of jewelry insurance standards. He is the author and developer of JISO Jewelry Insurance Appraisals Standards and Forms (formerly known as ACORD jewelry standards). Hendry has authored two books: The Jewelry Inventory and Sales Classification Manual and Jewelry Insurance: The Underwriting and Claims Reference Manual.
Since 1994, Hendry has been training agents, underwriters, adjustors, and Graduate Gemologists in the art of jewelry insurance and industry standards.