Pawn Shop Insurance
Specialty business insurance solutions tailored to your shop's needs.
Get StartedKeep your business thriving with a solution that covers more than just the basics.
With XINSURANCE, not only do you get a business insurance solution tailored to your pawn shop’s needs, but you get an insurance partner who stands by your side when things go wrong.
The Importance of Pawn Shop Insurance
Pawn shop owners have an exciting job – they deal with diverse clients and sometimes help them get out a financial burden, they buy and sell unique and rare items, and they have the luxury, and risk, of being a business owner! With so much going on at a pawn shop, it’s important to have pawn shop insurance that provides customized coverage to protect your assets and protect you from lawsuits.
XINSURANCE provides customized insurance solutions for pawn shops that minimizes exposure and maximizes true peace of mind. You can have an all-in-one policy that provides customized coverages built into one policy or we can fill the gaps and cover the exclusions in your existing insurance policy. Whatever you need, we can help to find the best insurance solution for you and your pawn shop!
Types of Pawn Shops We Can Help
- Specialty Pawn Shops
- General Merchandise Pawn Shops
- Jewelry Pawn Shops
- Electronics Pawn Shops
- And More!
Pawn Shop Insurance Coverage Options
Commercial General Liability
Provides coverage for injuries and property damage sustained by third parties.
Property Coverage
Covers the building and its contents from weather-related risks, vandalism, theft, and more. Learn more.
Products Liability
Protects your business from claims that a product you made, sold, or distributed, caused third-party bodily injury or property damage. Learn more.
TRU Umbrella
Additional coverage to fill the gaps and cover the exclusions in your existing policy. Learn more.
Active Shooter Liability
Liability protection in the event of an active shooting taking place on company property. Learn more.
Alleged Assault and Battery Liability
Coverage for claims against you regarding assault and/or battery.
Alleged Sexual Abuse and Molestation Liability
Coverage for claims against you regarding sexual abuse and/or molestation.
Commercial Auto*
Provides auto liability coverage for your company-owned or personally-owned vehicle primarily used for business purposes. Learn more.
*Available in most states
Communicable Disease Liability
This is a policy enhancement that provides coverage for negligent exposure to any Declared Pandemic Disease or Pathogen, including COVID-19. Learn more.
Directors and Officers (D&O) Liability
Protects people from personal losses if they are sued as a result of serving as a director or an officer of an organization. Learn more.
Firearms Liability*
Coverage for concealed carry, accidental discharge, and more, for both personal and commercial use. Learn more.
*Available in most states
Inland Marine
Can provide physical damage protection for applicable equipment while it is being rented, stored, or transported. It can provide financial assistance in case of accidents, malfunctions, and limited theft coverage.
Personal Liability
Personal liability protection in the event of an accident and a claim is made against you. Learn more.
Premises Liability
Protects against claims for slips, trips, and falls on the property due to negligence.
Professional Liability
Coverage for claims regarding negligent acts and more. Learn more.
Riot and Civil Commotion Liability
Liability protection against claims made from a riot or civil commotion.
Weapons Coverage
Coverage for third-party property damage and bodily injury caused by a weapon that was used for personal or commercial purposes.
How To Get A Quote
Request Your Quote
Click the button below to get started on your quote
Specify Your Needs
We’ll schedule a call with you to consult on your needs, and collect more details
Get Your Custom Quote
We’ll use all the information provided to craft a highly personalized quote to address all of your specific insurance needs in one comprehensive policy
FAQs About Pawn Shop Liability Insurance
What is pawn shop insurance?
Pawn shop insurance is a specialized type of insurance designed to protect pawn shop owners from financial losses that can arise due to various business risks. This insurance can provide a safety net for different liabilities and operational risks unique to the pawn industry, such as theft, accidental damage to items in your possession, and specific liabilities related to customer transactions.
How does pawn shop business insurance from XINSURANCE differ from other insurance companies?
What makes pawn shop business insurance from XINSURANCE unique is our approach to TRU insurance. Rather than offering one-size-fits-all policies, XINSURANCE tailors insurance solutions that genuinely cover the gaps left by traditional insurance policies, ensuring that pawn shop owners have real and comprehensive protection. This approach stems from a deep understanding of the unique challenges pawn shops face and a commitment to standing with the business owners when those challenges arise. At its core, it’s about providing true peace of mind and a partnership that fights for the shop’s interests, embodying the spirit of TRU insurance.
Can I get insurance if my pawn shop deals with particularly high-value items?
Yes, pawn shops dealing with high-value items can get insurance through XINSURANCE. Many insurance companies do not want to take on the risk associated with high-value items and potentially increased security threats.
What makes pawn shop insurance different from other business insurance?
Pawn shop insurance is tailored to address the specific risks and challenges faced by pawn shops, which may not be covered under standard business insurance policies. It provides targeted protection specific to the operational nuances of pawn businesses.
Can I be insured if I've been dropped or rejected by an insurance company?
Yes, XINSURANCE can help you even if you’ve been declined, canceled, or non-renewed by an insurance company. We step in to provide an insurance solution when others can’t or won’t.
Can I get pawn shop insurance as a new business?
Unlike a lot of insurance companies, XINSURANCE can provide business insurance solutions to new businesses including pawn shops.
How much does pawn shop liability insurance cost?
The cost of pawn shop liability insurance depends on several factors, including the value of the inventory, shop location, security measures in place, the shop’s claim history, and more.
What our clients say
Insurance for all activities. Excellent product with total coverage for WHEN you need that extra help.
THIS IS INSURANCE I CAN TRUST TO PROTECT ME!
– Dave H.
They are amazing and always there to help you if you have any questions or concerns.
– Arlene A.
XINSURANCE is very easy to deal with. We didn’t have to wait forever for the information we needed. And the whole process of finding a plan that worked for us was almost too easy.
– Leslie A.
Your Trusted Team for Tackling the Unexpected
Fighting for You Is What We Do Best
At XINSURANCE, we believe in taking an active role in defending the interests of our customers. When an insured is facing challenges such as frivolous lawsuits or unfounded charges, we take pride in staying by their side.
Unique Requirements Are Our Specialty
XINSURANCE specializes in covering the extraordinary cases that other agents lack expertise in. If you need something insured and can’t find a policy for it anywhere else — chances are our team will know exactly how to get you coverage for it.
Built-For-You Flexibility & Dedicated Support
The XINSURANCE approach to coverage is anything but “one size fits all.” Our specialty insurance experts work one-on-one with you to fully understand your circumstances, insurance needs, and high-risk areas up front. This means that by the time your policy is issued, we're fully prepared to support you through the worst-case scenarios — not drop you when an incident, claim, or lawsuit occurs.
More of Your Coverage - All in One Place
Though your policies won’t be “one size fits all,” XINSURANCE does take an all-in-one approach to insurance. This means that instead of buying several policies, we’re able to offer coverage solutions for your various needs all in one plan.
What You Can Expect From Our Team
Insurance solutions tailored to your needs
Expansive coverage options
Expert support when facing frivolous charges
Dedicated support & service
Security Guards
We provide customized liability insurance solutions to security guards and security services, including security guards who are armed.
Small Businesses
We can provide customized liability insurance solutions tailored to your business’s unique needs. Even if another insurance company has declined, canceled, or non-renewed your business, we can still help you!
TRU Umbrella
TRU Umbrella coverage is customized to fit your unique needs by filling the gaps and covering the exclusions in your primary policy for work, home, and play.
