My father has been a jeweler for the past 30 years. He finally
opened his own store in January of last year. He has been doing
well, however he was recently robbed. Most of what was stolen
belonged to someone else and was at the store on consignment.
Unfortunately, when my father purchased insurance for the store, he
did not get jeweler’s block. The insurance salesman admitted that
that he had sold him the wrong policy, and that contact with the
Errors and Omissions Committee should be made.
Here is the problem: the Errors and Omissions Committee denied his
claim, and the next step for my father is to start a law suit
against the insurance company. Basically, the consignment items
were not covered by the insurance and now the consignee wants to
sue. Was my father responsible for insuring jewelry that was not
his, even though it was in his store?
The police did recover some of the stolen merchandise, but it was
mostly custom pieces made by my father, easily identifiable.
Has anyone had any similar experiences??