According to the National Retail Federation, consumers were expected to plunk down $18.2 billion last month on gifts for significant others, family members, friends, classmates, teachers, co-workers, and well — yes, pets. Almost one in five givers (18 percent) will buy jewelry, spending a grand $4.3 billion on sparkle, all told.
That's a lot of jewelry, and it's only a matter of time until a certain percentage of those pieces are damaged, lost or stolen, resulting in jewelry insurance claims.
|The most common cause of loss?
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
