To provide even more value to retailers and consumers, Jewelers Mutual Insurance Company and The Edge have teamed up to offer to customers a point of sale an opportunity to obtain an insurance quote on items worth over a certain amount. When the sale of an inventory item is complete, the associate will be prompted to offer the customer a free personal insurance quote from Jewelers Mutual. The item amount is subject to change, but is currently $2,500.
One of the biggest benefits to both you and your customers of Jewelers Mutual is that replacement items come from you, the jeweler, not a supplier of the insurer’s choice. Second, this coverage includes certain preventive repairs. Finally, this convenience makes the insurance process much faster and easier for your customer, which is better for the protection of his or her new purchase. It is even possible that the consumer will be insured before he/she leaves your store.
There are two options for how this quote can work:
1. For eligible customers, the store can offer to pay the first year’s premiums. Your store must be located in, and the customer must live in, a state where such this practice is permitted. If your store (or the customer) are located in a state where this practice is not permitted, this option will not appear to you.
2. If the above option is not available, you can still offer the free insurance quote.
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By law, insurance quotes are allowed to come from only licensed insurance agents. The exact wording is provided to protect against accidentally advising the customer of insurance rates, coverages, and workings. |
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All the text on screens and receipts are subject to change as legal requirements arise; they may change automatically without the need for an Edge software update. | |
