How do I get pawn shop insurance? It is quite simple and First Class Insurance take the confusion out of the process. From the application for pawnshop insurance, we determine what coverage you need for your pawn shop and offer quotes based on those limits. Once you are comfortable with the proposal, we provide you with documents to sign electronically and payment is available online. Let’s get started on your quote today!
What does pawn insurance cover? Your pawn policy will cover Pledged and Unpledged jewelry, firearms, tools, auto pawn vehicles, motorcycles and boats, as well as Business Personal Property and Tenants Improvements & Betterments. You can further customize your policy to ad Business Income, Building coverage, General Liability, and Employment Practices Liability (EPLI).
How much does a Pawnbroker’s Package Policy cost? There are several factors in determining price for your pawn insurance policy. Loss history, location, amount of coverage desired, and the extent of coverage you need factor in to the price. It is also important to have a loss prevention plan in place. UL-rated safes, connected alarm systems with panic buttons and security cameras are typically recommended. For each year that you remain loss-free, you receive a No Claims Bonus!