ASIC to serve as underwriting partner for Once Insurance’s jewellery coverage offering

Arizona-domiciled surplus lines insurance carrier, AM Specialty Insurance Company (ASIC), will serve as an underwriting partner for Once Insurance’s entry into the jewellery insurance market.

This partnership marks a significant milestone in simplifying and enhancing the insurance experience for jewellery customers across the United States.

Once Insurance has introduced a consumer-friendly product that offers comprehensive five-year protection for small jewellery collections through a single, one-time premium available through its fully digital platform.

Coverage is currently offered for items valued up to $5,000, with plans to expand this limit shortly.

This streamlined approach eliminates the need for appraisals, recurring premiums, and annual renewals, making insurance more accessible and affordable.

The coverage aims for clients to save approximately 35% over the policy term compared to traditional coverage options.

Dominick Tassone Jr., Chief Underwriting Officer, ASIC, commented: “Our partnership with Once Insurance aligns perfectly with our mission to support forward-thinking, customer-focused insurance solutions.

“We’re excited to underwrite this groundbreaking product, which allows customers to enjoy their treasured valuables with complete peace of mind, knowing they are protected by a financially strong and trusted insurer.”

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