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Insuring Collectibles in New York

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Whats Covered The policy covers a wide range of risks for direct physical damage, including fire and theft, under an all-risk policy structure with broad coverage. Specific hazards, typically on a location basis, may be restricted, like water damage for flood-prone areas or basement and first-floor storage.

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Distinguished Programs Announces New Sustainability Initiatives in Fine Art & Collectibles Program 

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Additionally, art and collectibles dealers who use sustainable crates and packing materials are eligible for additional coverage for loss or damage to reusable crates or packing materials. Brokers are welcome to submit business and view state availability on the Distinguished website.

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Key Strategies for Protecting Your Collection

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Notify your insurer and broker as soon as possible, detailing how, when, and where the loss occurred and what property may be damaged. Insurance companies often have resources that can be dispatched immediately to help mitigate the damages and prevent additional losses. Strategies for keeping people safe?

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Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

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This could be the contractor, developer, or property owner, depending on who stands to suffer a financial loss if the property is damaged during construction. In this case, the owner is covered for the physical damage to the property (e.g., damage to the structure under construction). We’ll get back to you with a quote.

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Does Builder’s Risk Coverage Differ for Residential vs. Commercial Construction Projects?

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While Builder’s Risk policies for both types of projects offer similar coverage, such as insuring for damage to the structure from fire, theft, and other covered perils, there are important distinctions between residential and commercial coverage. Limits of up $20 million are available, depending on the construction type and state.

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High-Capacity Limits Address Collections of Museums, Corporate Clients, and High-Net-Worth Individuals

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Protecting Valuables Against Direct Physical Damage We can provide coverage for common collectibles , including but not limited to fine art, sports memorabilia, entertainment memorabilia, wine and spirits, antiques and antique furniture, stamps, comics, books and manuscripts, coins, glass, and pottery.

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Builder’s Risk Insurance in Tennessee: A Broker’s Guide 

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Vandalism : Intentional damage to the job site by third parties, including things like broken glass or graffiti. Property damage : Damages to the building that is being constructed or renovated. Equipment : Covers damages to or theft of equipment used on the job site. Access our online Broker Portal.

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