Jewelry Store Insurance
Coming Soon
New Release
Jewelers Mutual warns of threats to burglar alarm systems
Burglar alarms systems used by jewelry businesses across the United
States may be affected by a recently announced decrease in Honeywell’s
AlarmNet-M radio network.
Jewelers Mutual Insurance Company has learned that Velocita
Wireless, which provides the wireless backbone of Honeywell’s AlarmNet-M radio
network, is de-commissioning a portion of its network that transmits one-way
and two-way burglar alarm signals. Velocita cautioned that this immediate and
significant decrease in their network coverage will affect about a quarter of
its service area. Most alarm service providers use this network, even though it
is not listed on your alarm service contract agreement.
“Many jewelry businesses, especially those with higher
inventory values, use Honeywell’s AlarmNet-M two-way radio communication to
achieve line security for their alarm systems,” explained David Sexton CPCU,
vice president of Loss Prevention at Jewelers Mutual. “We understand that at
least 25 percent of these businesses have lost line security.”
Line security assures that the communication channel used to
transmit alarm signals from the protected premises to the alarm monitoring
facility is functioning properly and detects attempts to interfere with the
alarm signal transmission.
Jewelers Mutual is working with Underwriters Laboratories,
Inc. (ULI) and alarm industry resources to obtain more information and identify
viable alternative options.
“All jewelry businesses should contact their alarm
service company as soon as possible to learn if their individual burglar
alarm system is impacted and how their alarm service company plans to address
this situation,” Sexton advised. “Currently, the only line security alternative
accepted by ULI is an Internet-based solution.”
Jewelers Mutual will mail its policyholders a notice and
instructions regarding this issue within the next week. The company encourages
jewelry businesses to contact their insurance agents or carriers before making
any changes to their alarm systems because not all solutions offered by alarm
companies will provide the necessary level of security.