Insurance

Gold Insurance

Guernsey Gold has Professional Indemnity insurance as a business and is separately covered for transportation and storage. Once the release form is signed then the gold is no longer insured and becomes the liability of the investor. We can recommend insurers should you wish to obtain cover when collecting bullion from Guernsey.

While insurance can cover the risk of third party theft and destruction, no policy will cover the risk of internal fraud. Investors are reassured when holding bullion in banks that in the event of such activity, the institution will stand behind its storage to ensure that depositors will not lose out. In order to give similar comfort we intend to team up with a strategic partner who is a household name in the bullion business.

When bullion is sent by registered post or other means it will require a signature and will be insured in transit. We can arrange in exceptional circumstances to personally deliver bullion to specified UK airports but this will need to be of significant size to justify the cost.

We will not leave the airport premises to make deliveries and we will require certain procedures to be followed which will be explained to existing customers who have undergone due diligence. A release form will be signed to hand over the bullion.