article thumbnail

Why Museums Should Buy a Stand-Alone Fine Art & Collectibles Policy

Distinguished

The policy covers the following: Direct Physical Loss or Damage : This includes accidental damage, vandalism, fire, theft, natural disasters, and other unexpected incidents. Fine Art & Collectibles policies cover loaned items from the first dollar of damage, typically with no deductible, ensuring compliance with contractual obligations.

Policy 52
article thumbnail

Fifth Circuit Holds That Sales Tax is Not a Component of Actual Cash Value

The Property Insurance Law Observer

Actual cash value of the stolen or damaged property less the deductible; or 2. Amount necessary to repair or replace the property with other property of like kind and quality less the deductible. If we return stolen property we will pay for any damage resulting from the theft. The address shown in this policy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Dozens of Alleged Looters, Unlicensed Construction Workers Arrested in Florida

Insurance Journal

More than 100 people were arrested late last week in storm-ravaged Pinellas County, Florida, charged with looting homes and working as unlicensed contractors, two weeks after Hurricane Milton forced many residents to evacuate. Pinellas County Sheriff Bob Gualtieri said that …

article thumbnail

Do I Need More Insurance Coverage If I Have an Expensive Car?

Paragon Independent Insurance Agencies

Increasing your deductible is an easy way to lower costs. Theft deterrent devices are another route to lower premiums. Bundling your auto coverage with home or renter insurance can substantially reduce costs.

article thumbnail

The Key Factors That Influence Your Auto Premiums

Boyle Agency Insurance

Additionally, areas with a higher incidence of car theft may lead to increased insurance costs. Deductibles The deductible is the amount you must pay out of pocket before your insurance coverage kicks in after an accident.

Premium 73
article thumbnail

Keeping Coverage Affordable: California Drivers Will See Auto Insurance Rate Increases in 2025

Freeway Insurance

Vehicle Theft : Vehicle theft rates have been on the rise in California, leading to an increase in comprehensive insurance claims. Increase Your Deductible : Opting for a higher deductible can lower your monthly premium. Just be sure you have enough savings to cover the deductible in case of an accident.

article thumbnail

10 Tips to Improve Construction Site Security

Insurance Agency of Ohio

By Troy Dohmeyer Equipment and material theft is a major source of loss for contractors. While insurance may offset some of the financial costs, many uninsured costs – deductibles, replacing depreciated items with new equipment, production delays, paperwork and time to report and replace stolen equipment – are paid by contractors.

Theft 52