[Jewelry making - Article 01287] - Re: [Orchid] Safe Advice

[J Morley]

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Roseann,

    The insurance companies (I use Jewelers Mutual) have a reason for
    using a "rated safe" it is not arbitrary. I am not a defender of
    insurance companies and believe it to be legalized extortion invented
    by the mob, having said that I believe that the insurance companies
    are creating a standard to be used so they can insure jewelers
    safely. Here's why. If the Smith jewelry insurance company allowed
    you to use your gun safe and me to use a different gun safe from a
    different manufacturer and other jewelers were allowed to use safes
    that their grandma left them even if all of these different safes
    could hold the gold of fort Knox. No safe is safe! A rated safe
    however has standards it has to go through to be rated. So if your
    gun safe is broken into and you have to replace a priceless heirloom
    to a customer, even a crackerjack necklace becomes priceless when
    stolen. Then the customer's attorney steps in to get damages for the
    priceless heirloom that has devastated the poor soul for life. The
    attorney says, "My client's priceless heirloom necklace was stored in
    a gun safe, your honor, not a safe rated for fire and theft." The
    judge rules against you and you have to pay a gazillion dollars. Your
    attorney and the insurance company's attorneys are now embroiled in a
    costly lawsuit for years. You file bankruptcy and it all sucks. That
    was a made up story by the way. Ok now there are probably thousands
    of jewelers and jewelry stores in the USA If they all had safes
    manufactured by different companies and they had no standards or
    ratings it could be very hard for anyone to be insured and collect.
    Any one can manufacture safes by the way this makes standards and
    ratings in an industry that is robbed daily insurance in itself. Here
    is a little safe story I heard awhile back. This guy told me he owned
    a store in town in Utah. His store was 3 doors down from the police
    station. Thieves ran a truck into his back wall in the ally of his
    store and used a fork lift to take his safe out and load it into
    another truck. He lost everything. His safe wasn't rated. 

Regards 
J Morley/Goldsmith/Laser Welding

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