In 2006 Australia’s foremost Jewellery industry association, Diamond Guild Australia, sought to develop an innovative jewellery insurance product that would serve the needs of the discerning jewellery purchaser by offering a comprehensive, global standalone jewellery insurance policy where the client’s choice of jeweller is assured.
Underwritten at Lloyd’s of London and in partnership with the principals of Kalin Insurance Services who have been associated with Diamond Guild Australia since 2006, Diamond Guild Australia established a bespoke insurance product call DGA Mastercare Valuable Articles Insurance (DGA Mastercare Insurance).
Diamond Guild Australia Mastercare Insurance offers a bespoke level of cover. For a Total Loss a policyholder can receive up to 125% of the sum insured1 and can have their precious pieces replaced by the jeweller that created them. This means that as a Mastercare client you may return to your original jeweller of choice to have your item replaced rather than a panel jeweller nominated by the insurance assessor — a typical practice under a general homeowner’s policy.
In addition, pieces can be instantly and comprehensively insured from the point of purchase with a standalone policy that offers worldwide, all risk cover. Cover can be taken out without the need for home and contents insurance.
This makes MASTERCARE INSURANCE BY DIAMOND GUILD AUSTRALIA the perfect choice for first jewellery purchases such as engagement and wedding rings.
Mastercare Insurance can also be extended to private vault cover for items including investment quality stones. For further information and to obtain a quotation including transportation to and from the vault storage facility contact your Diamond Guild Australia member.
To ensure that the highest level of cover2 for your Valuable Article is offered at the most competitive of premiums3 DGA Mastercare Insurance is offered exclusively via Diamond Guild Australia member jewellers.
Choose Mastercare Insurance by Diamond Guild Australia to ensure that you have the option for your precious items to be replaced by the jeweller that created them.
Have confidence in an insurance product that is Australian owned and administered locally. by Kalin Insurance Services.
Wear your jewellery with peace of mind knowing they are comprehensively covered worldwide while travelling.
High quality insurance cover that can also be applied to investment stones in private vault storage
Enjoy the convenience of immediate cover from the moment of purchase before even leaving your jeweller's store.
An easy policy establishment and renewal process that can be completed in-store or online.
Access to a standalone jewellery policy without the requirement for existing insurance cover.
The ability to cover a single piece of jewellery such as an engagement ring, or multiple pieces as required.
Have the flexibility of being able to add more items to an existing policy (subject to valuation) such as wedding rings and other jewellery.
Exclusive high quality jewellery cover offered only via Diamond Guild Australia member jewellers to their clientele.
As Mastercare insurance is offered exclusively through Diamond Guild Australia member jewellers our premiums and terms are market leading and competitive offering bespoke cover at the best price.
As your jewellery is as unique as you are, a tailored premium calculation can be obtained to suit your specific needs. To obtain a quotation please contact a member jeweller in your state or contact us.
To find out more, please refer to Product Disclosure Statement (PDS) available to the right.
You are also welcome to contact us at your convenience via our form below contact us.
Please note that Mastercare Insurance cover by Diamond Guild Australia, is exclusively available through a participating Diamond Guild Australia member jeweller. Existing pieces owned by the clients of our members may also be able to be added to a policy if submitted for revaluation and at the discretion of the member jeweller.
*Kalin Insurance Services Pty Ltd is a Corporate Authorised Representative (CAR No 1274720) of Australian Financial Services Licensee Quantum Insurance Holdings Pty Ltd (AFS Licence No 451134).
As a not for profit industry Association, Diamond Guild Australia is not a commercial entity but does receive a quarterly commission derived from the Mastercare Insurance policies written by its members. This amount is pooled and donated to the Guild to reinvest in its activities including supporting and promoting the Australian jewellery industry with events such as the Diamond Guild Australia Awards. No individual member derives any financial benefit from offering the Mastercare Insurance product to their clientele.