PRODUCT: BriteCo Jewelry Insurance Agent & Broker Program.

COMPANIES: All policies are backed by GlenCar, a division of Hannover Re.

BEST RATING: A+

AVAILABILITY: Appointed agents and brokers only.

FOCUS: BriteCo is a leading tech-driven provider of jewelry insurance and the agent and broker program is the first BriteCo offering for agents and brokers. With consumer insurance rates rising, inflation and other factors, the program helps independent agents and brokers better serve their clients and meet their needs.

“Insurance agents and brokers have traditionally added fine jewelry items as a floater to homeowners policies for coverage and struggled with slow, outdated processes from legacy jewelry insurance providers," says Dustin Lemick, founder and CEO of BriteCo. “BriteCo is changing this across rates, rules, processes and forms designed for 21st-century consumers."

COVERAGE DETAILS: The all-risk, worldwide coverage includes mysterious disappearance. With zero deductibles, the policy covers up to 125% of the insured limit and includes automated value updates based on real-time market prices. 

The program also provides quotes in minutes, “no-touch renewals" and no claims reporting to third parties such, as C.L.U.E. and A-PLUS. Additionally, BriteCo manages all payments, reporting and commissions.

UNDERWRITING: For most applications, insureds receive approval in minutes. Discounts are available for annual payment, home safe storage and central burglar alarms.

MINIMUM PREMIUM: $50

TARGET: Licensed independent insurance agents and brokers across the U.S. that want to offer jewelry insurance to their clients, expand new lines of business, access and use tech-enabled processes, and modernize customer experiences.

COVERAGE AVAILABILITY: All U.S. states.

CONTACT: Ben Glispie, agent and broker channel manager, BriteCo; 224-307-5790.

Will Jones is IA editor-in-chief.