ATLANTA, June 23, 2014 (GLOBE NEWSWIRE) -- UPS Capital® Corporation, a business unit of
UPS® (NYSE:UPS) that helps customers achieve smarter
trade with financing and insurance solutions, today announced the
expansion of its Jeweler's Elite Program to San Francisco,
Philadelphia, and Providence.
Designed specifically to help jewelers protect their high-value
shipments, the service delivers time and cost savings by combining
UPS shipping with insurance offered through UPS Capital Insurance
The UPS Capital Jeweler's Elite Program™ offers several
•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 UPS service levels, including ground
shipments.•Streamlined billing on the customer's UPS invoice with no extra
invoices.•Coverage for loose stones.•Protection for international shipments destined for 60 plus
Adam Krief, a UPS Capital Jeweler's Elite Program customer and
president of Accuratime, a Los Angeles international watch seller
and manufacturer of mid to luxury watches, 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."
"After launching successful programs in Los Angeles and New
York, these cities seemed a natural stepping stones for our next
expansion. With its Jewelry Center, JewelryMart and Diamond
Exchange, San Francisco is in the top ten U.S. jewelry markets,"
said Dave Zamsky, UPS vice president of marketing, UPS Capital.
"Philadelphia's Jewelers'Row is located in the Center City
section and has more than 300 jewelry retailers, wholesalers, and
Providence has been a major center for jewelry manufacturing
since the founding of the American Jewelry industry in Providence
back in 1798."
Another solution created to protect high value shipments
includes UPS Proactive Response™ Secure. This unique service
combines proactive monitoring of packages, and, if necessary
intervention and remediation, plus insurance through UPS Capital
Insurance Agency, Inc. According to Tarek Saab, Chief
Operating Officer and co-founder of Texas Precious Metals, "this
service is helping to transform the precious metals industry."
UPS (NYSE: UPS) is a global leader in logistics, offering a
broad range of solutions, including the transportation of packages
and freight; the facilitation of international trade; and the
deployment of advanced technology to more efficiently manage the
world of business. Headquartered in Atlanta, UPS serves more than
220 countries and territories worldwide. The company can be found
on the Web at ups.com®, and its corporate blog can be
found at blog.ups.com. To get UPS news direct, visit http://www.pressroom.ups.com/.
Insurance is underwritten by an authorized
insurance company and issued through licensed insurance producers
affiliated with UPS Capital Insurance Agency, Inc., and other
affiliated insurance agencies. UPS Capital Insurance Agency, Inc.
and its licensed affiliates are wholly owned subsidiaries of UPS
Capital Corporation. Insurance coverage is not available in
© 2014 United Parcel Service of America, Inc. UPS, the UPS brand
mark and the color brown are trademarks of United Parcel Service of
America, Inc. All rights reserved.
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CONTACT: Irene Moore