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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. Heres what to consider from an insurance and risk management perspective when opening a new location. Inland Marine Insurance to cover heavy equipment or machinery.

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Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

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Fortunately, the property owner had Ordinance or Law Coverage A as part of their insurance policy, allowing them to receive the full building limit for the loss. These include $1 million in personal liability, coverage for personal contents, inland marine for scheduled valuables, and additional living expenses.

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Key Strategies for Protecting Your Collection

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Review Your Insurance Coverage – Take the time to examine your liability insurance policy to confirm that it includes volunteer coverage. Consult your insurance broker for clarity on the specifics and potential additional coverage options.

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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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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. A client may purchase a painting for $5,000 today, and years later, it’s worth hundreds of thousands or even millions of dollars. Pop and contemporary art is a great example of these big spikes in value.

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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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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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