Goldstone Services Corp. Surpasses $2.5M Mark in Savings on Jewelry Claims

Utah-based Goldstone Services Corporation reports it surpassed the $2.5M mark for savings on jewelry claims to the insurance industry.

“The often overlooked jewelry niche is one area that property managers can rack up huge savings,” stated Travis Stock, V.P. of Goldstone. Since Goldstone Services savings tracking system was put into place in 2000 they have reportedly been keeping track of actual dollars saved on jewelry claims to allow managers to better understand how well the programs Goldstone has help implement are working for their companies.

Goldstone Services Corporation has been in business for 17 years and offers a free valuation and replacement service for lost or stolen jewelry to insurance companies across the nation as well as free onsite seminar training sessions for property adjusters.

The average savings for a jewelry claim in 2002 was $1,427 per claim.

“The great thing about our service is, we not only save the insurance company money but make their clients happy by finding that exact same ring they purchased 10 years ago that they just lost,” said Jane Grigsby, president of Goldstone Services.

“Our pricing structure, along with our ability to get almost anything from simple rings to extravagant designer pieces is what makes us so unique and allows us to increase a companies customer satisfaction level while saving their company huge dollars on jewelry claims,” added Stock.

Goldstone Services projects with the current growth of their service and the industries belt tightening trend that industry savings with Goldstone alone could reach an annual savings of over $1M for 2004 and reach $10M by 2007.