Facts: Our client jewelry store had used an insurance agent to purchase an insurance policy to cover his jewelry inventory. However, the insurance policy provided to client had a hidden limit of $2,500 for jewelry, and client should have been sold a “jeweler’s block” policy that would have covered his inventory. When client was robbed and $159,630 of jewelry was stolen, client sought coverage and was only provided $2,500 in coverage. The case was settled on confidential terms.
Result: Confidential settlement
Amount Client Received: Confidential settlement