Pawnbrokers Insurance

As a Pawnbroker, there are many specialized needs related to the type of insurance coverage you require. Assessing risk and protecting your business from loss is critical. Aligning your company with the right insurance provider - one that can deliver exceptional coverage at a competitive price - is essential to your profitability and success.

Marshall & Sterling’s Specialty Risks Division can supply your business with a customized insurance solution tailored uniquely for the specialized concerns of your industry. Our experienced and dedicated staff can draw upon their relationship with related industries to help protect your company from loss, helping to secure your business.

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Did You Know...
In the event of a loss, to recieve replacement cost on those items involved in the claim, the policy holder has the responsibility to provide their insurance company with details records of what propert was lost. This will provide the necessary information the carrier would need to expedite the claim. If the policy holder is unable to do this, they will not be reimbursed by the insurance company for the claim, irrespective of the insurance carrier through whom they may be insured. THerefore, it is imperative that the pawnbroker has the ability to document what property they keep in their store(s) at any time....  

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Coverage offered

  • Building Coverage - replacement cost, no co insurance penalty applies
  • Business Personal Property - replacement cost – no co insurance penalty applies
    • - Pledged
    - Previously Pledged
    - Owned Inventory
    - Show Window Coverage
    - Pledged and Unpledged in a Bank Safe Deposit Box
    - Pledged and Unpledged property in Registered Mail of in the USPO Express
    - Tenants Improvement and Betterments
    - Furniture and Fixtures
    - Business Personal Property (Pledged and Previously Pledged) Off Premise
    - Business Computers
    - Electronic Media
    - Exhibition Coverage
    - Valuable Papers
    - Accounts Receivable
    - Windstorm Coverage
    - Employee Theft
    - Business Income / Extra Expense – 12 month actual loss sustained with no annual aggregate

  • General Liability Coverage
    - Products and Completed Operations including Firearms Products Liability
    - Personal and Advertising Liability
    - Medical Expense
    - Fire Legal Liability
    - Hired and Non Owned Auto Liability
    - Employee Benefits Liability
    - Employment Related Practices Liability
     
  • Crime
    - Employee Theft
    - Money and Securities on Premise
    - Money and Securities in Transit
    - Depositors Forgery
    - Computer Fraud
    - Extortion / Kidnap / Ransom
     
  • Terrorism Coverage

Plus, a 10% no claims bonus.

Click here for more information of Pawnbrokers Insurance Coverage.