In which scenario does the jewelers block extension provide coverage?

The jewelers block extension is specifically designed to address the unique risks associated with the jewelry trade. In this context, coverage typically focuses on protecting the inventory and equipment of jewelers, which includes the loss of jewelry due to various perils.

When considering the provided options, loss of inventory due to fire is indeed covered under this extension because it pertains to the protection of a jeweler’s goods against significant and damaging events such as a fire. The jewelers block insurance usually provides coverage for inventory while on the premises and may also extend coverage while items are being transported or displayed.

Losses occurring during transport, theft from a retail store, or during a live event may have different coverage implications and are typically addressed under other specific policies or coverage forms. For example, while theft and loss during transport may be covered, they would typically require specific terms in the policy, and not all jewelers block policies include blanket coverage for such circumstances. Therefore, focusing on the aspect of inventory loss due to fire highlights why that scenario is aligned with the coverage intentions of jewelers block insurance.