June 16, 2005
Jewelers Mutual Partners With USPS for Safest Shipping
Experienced jewelry industry shippers have always said the safest way to send valuable packages is through the U.S. Postal Service. In fact, says Jewelers Mutual Insurance Co.'s president and COO Darin Kath: "since 2001, when we started offering USPS coverages on policies, the claims reported for shipments support the fact that [the USPS] is the safest and most secure way to ship jewelry." As a result, Jewelers Mutual announced on June 5 that its policyholders now receive automatic limits of $50,000 for Registered Mail and $25,000 for Express Mail to ship packages through USPS. There's also no premium and no deductible, says the insurer.
The coverages for Registered Mail and Express Mail are in excess of any amount policyholders purchase from the USPS. These shipment coverages are included on all Jewelers Block, Jewelers Standard, Jewelers Pak, and Manufacturing Jewelers Pak policies.
USPS also designated Jewelers Mutual as a Premier Account, the insurer reported. It can now initiate immediate investigations with an assigned USPS representative to locate lost or delayed packages on behalf of its policyholders. "Our premier status with the USPS will simplify investigating delayed packages for policyholders and give our customers a better chance of
recovering packages because the investigation starts early," says Kath. As soon as policyholders discover that shipments haven't been delivered as scheduled, they can call or send an e-mail to Jewelers Mutual's claim department.
"We recognize that Registered Mail isn't always the most practical method for shipping jewelry," says Kath. "That's why we gave policyholders another option through Express Mail." This service has several conveniences and security benefits for jewelers, as well as the automatic $25,000 coverage, including: next-day delivery to many destinations, online services for printing shipping labels at www.usps.com, package pickup by jewelers' local postal carriers (to reduce travel risk), plus no requirement for declared values on packages.
In addition to the new shipment coverages, Jewelers Mutual now provides a $75,000 limit of insurance for travel to and from the post office. This increased limit includes a $1,000 deductible.
by Peggy Jo Donahue