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What is a Managing General Agent (MGA) in Insurance?

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A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer.

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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.

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The Role of Appraisals in Fine Art Insurance

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Types of Valuations Insurance policies can be written on an agreed value/scheduled or blanket basis. Property and Liability products are distributed through a national network of agents and brokers. Pop and contemporary art is a great example of these big spikes in value. Think Warhol, Banksy, and Haring.

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

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When a project is under construction or renovation, your clients are likely not covered by their homeowner’s insurance or business insurance. Different Builder’s Risk insurance policies vary from one insurance carrier to another.  Who Should be Named in a Builder’s Risk Policy?

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Public Art Insurance: Safeguarding Publicly Owned Art and Collectibles 

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Our Fine Art and Collectibles Program offers public art insurance that is designed to safeguard these cultural treasures, ensuring they can continue to inspire and engage for generations to come. What is Public Art Insurance? Property and Liability products are distributed through a national network of agents and brokers.

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Does Homeowners Insurance Cover Collectibles? 

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Unfortunately, these unique risks are rarely appropriately covered by standard homeowner insurance policies. Avid collectors who rely on their homeowner’s policy are likely to encounter low coverage limits — if their collectibles are covered at all. For most, this will mean a collectibles policy.

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Rare Toy Insurance: A Guide for Collectors and Brokers 

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However, if your clients have been lucky enough to come across a rare Illustrator Pikachu Card ( worth over $550,000 ) or a vintage Boba Fett toy ( worth over $500,000 ), they’re going to need an insurance policy that properly covers them. This means a specialized collectibles policy. How Do You Insure a Toy Collection?

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