Pawn Brokers Insurance

Pawn brokers insurance is a City Underwriters Limited specialism. This special form of shop cover has been designed to protect cash converters, pawnbrokers and similar businesses. The scheme provides the general cover that's offered by our shop insurance, but also includes additional cover for General Buy Backs and Jewellery Buy Back which is the main source of stock for these types of enterprises.


Get Your Pawn Brokers Insurance Today

To find out how CUL's pawn brokers insurance can help your clients, or to get cover, please get in touch. You can call the team on 0800 3081 044 or email us by clicking here.

Features and Benefits of CUL's Pawn Broker Cover

CUL's cover offers a wide range of advantages including competitive premiums. Due to the nature of this type of risk we can provide the following specialist protections:

  • Higher money limit as compared to standard shop package can be agreed – subject to appropriate safe on site
  • Cash converters wording extension: Smash and grab theft cover - limit not exceeding £10,000
  • Where an insured owns more than one shop and both shops are insured through our same insurers, stock of jewellery is covered whilst in transit between the shops up to a maximum limit of £10,000
  • Maximum limit stock in any one showcase overnight £2,500

Perils Covered:

We can cover a huge range of perils, including:

  • Fire
  • Lightning
  • Explosion
  • Aircraft
  • Earthquake
  • Riot
  • Malicious damage
  • Storm
  • Flood
  • Escape of water and oil
  • Impact
  • Theft and accidental damage
  • Subsidence as an optional extension

Material Damage:

Standard Sums insured as per details below but these can be amended to suit your requirements:

  • Business Interruption - £500,000 (12-month Indemnity period)
  • Book of debts - £10,000
  • Employers' liability - £10,000,000
  • Public and products liability - £2,000,000
  • Loss of money - £2,000
  • Glass, shop frontage and signs - £2,000
  • Goods in transit - £1,000
  • Legal expenses - £100,000

Standard Excesses:

  • Material damage - £350
  • Liability - £500

Get a Pawn Brokers Insurance Quote Today

To find out how CUL's pawn brokers insurance can help your clients, or to get a cash converters insurance quote, please get in touch. You can call the team on 0800 3081 044 or email them by clicking here.