|
RAPAPORT... UPS Capital Corporation, a business unit of UPS, expanded its "Jeweler's Elite Program" to San Francisco, Philadelphia and Providence, Rhode Island. The service is designed to help jewelers protect high-value shipments by combining UPS shipping with insurance offered through UPS Capital Insurance Agency Inc. The UPS Capital Jeweler's Elite Program covers loose stones; offers protection against loss or damage to goods in transit up to the sale price, limited to a $150,000 maximum; one-stop claims processing and fast payment; availability across all of UPS service levels, including ground shipments; streamlined billing on the customer's UPS invoice with no extra invoices and protection for international shipments destined for about 60 countries. "After launching successful programs in Los Angeles and New York, these cities seemed a natural step for our next expansion. With its Jewelry Center, JewelryMart and Diamond Exchange, San Francisco is in the top 10 U.S. jewelry markets," said Dave Zamsky, UPS's vice president of marketing for UPS Capital. "Philadelphia's Jewelers' Row is located in the Center City section and has more than 300 jewelry retailers, wholesalers and craftsmen; and Providence has been a major center for jewelry manufacturing since the founding of the American jewelry industry in Providence back in 1798." Adam Krief, the president of Accuratime in Los Angeles, said, "We've worked with other shipping companies that provided insurance solutions, but because of their limitations, we had to separate shipments into smaller value amounts, leading to more paperwork, logistics and time. This program made sense for us and for our customers, and it has also reduced the amount of time filing claims."
|