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Thieves have targeted freight trains running through the deserts of California and Arizona in a string of audacious heists resulting in the theft of more than $2 million worth of new Nike sneakers, including many that haven’t hit the retail …
Key policies to review and update include: Commercial Property Insurance to protect your new location against physical damage from fire, vandalism, theft, or natural disasters. InlandMarine Insurance to cover heavy equipment or machinery. If youre leasing, your landlord may require proof of coverage before signing a contract.
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. It covers fine art, sports cards, handbags, and other collections, up to $125 million on a single risk as the primary or excess layer or on a quota-share basis.
Crime insurance : Protects against financial losses caused by theft, burglary, or employee dishonesty, covering stolen money, securities, or property. These include $1 million in personal liability, coverage for personal contents, inlandmarine for scheduled valuables, and additional living expenses.
Our program provides all-risk worldwide coverage for direct physical damage like fire and theft of personal collections of any size. We cover everything from fine art (paintings and sculptures) to silver, porcelain, glassware, trading cards , video games , sneaker collections, couture , comic books , and more.
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.
It protects against fire, lightning, hail, wind, theft, and vandalism, among other perils. Distinguished’s Builder’s Risk Policy Our Builder’s Risk policy covers building costs, foundations, onsite materials, off-site materials in transit, fixtures, equipment, and temporary structures like scaffolding.
Job sites that are under construction are prone to things like fire, theft, and vandalism. Theft : Covers the cost of replacing covered items that were stolen from the job site. Equipment : Covers damages to or theft of equipment used on the job site. An increase in construction also means an increase in financial risk.
The Fine Art & Collectibles program can cover items for a loss caused by a wide range of events and perils, such as accidental breakage and damage, including during transit; water damage; theft, vandalism and malicious mischief; fire and smoke; and natural disasters.
We can consider weather related claims, but claims of theft, vandalism, and fire, for example, would be an automatic decline. If we are comfortable with our exposure, we may consider increasing the AOP deductible and the theft deductible , depending on the underwriting analysis. And in those cases, it would be a declination.
A client’s fine art collection may represent their treasured possessions or important investments and requires specialized insurance to protect against losses caused by water, fire, vandalism, theft, transit, and natural disasters. Property and Liability products are distributed through a national network of agents and brokers.
Under-construction buildings can be prone to fire, vandalism, and theft, which can end up costing their backers and owners millions. Whether it’s the work going into revitalizing downtown Detroit or the soaring costs of home prices across the Wolverine State, a lot of time, money, and thought is going into construction work across the state.
Theft, damage during transport, or accidental breakage can devastate a collection that has taken years to assemble. It also provides more comprehensive protection against a wide range of common risks, including accidental damage, theft, loss, and damage during transit.
At Distinguished, our public art insurance covers theft and incidental damage to the fine art and collectibles entrusted to the public institution. This is vital because it guarantees clear, reliable coverage for all parties involved, particularly when valuable pieces are subject to specific lending terms.
Think about the everyday operations of your business: – Are there physical locations that require protection from natural disasters or theft? – Property Insurance : Protects physical assets from perils like fire, theft, and vandalism. – InlandMarine Insurance for transporting equipment and goods.
The top risks to toys, much like other collectibles, are theft, disappearance in transit, and accidental damage. Theft : Provides financial protection should a toy get stolen on the road or from a covered location. For all of these reasons, a specialized collectibles policy is the smarter choice for more serious collectors.
This includes damages that arise from: Fires Theft Vandalism Weather events We are also proud to offer coverages beyond property damage for buildings, temporary structures, and building materials. Our program also offers your clients general liability insurance, which can help cover legal costs that can occur on work sites.
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