Inland Marine and Theft - Insurance Industry Brief

Cargo Theft Surges as Holiday Season Approaches, Verisk Says

Insurance Journal

DECEMBER 22, 2024

A CargoNet analysis of holiday-period theft data from the past five years shows a heightened risk during the Christmas and New Year periods. Be on the lookout for Grinch-like characters hanging out at transportation hubs over the holidays. The days …

Theft

Theft Risk Inland Marine Marine

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

Distinguished

JANUARY 7, 2025

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.

Broker-Agent

Broker-Agent Inland Marine Damage Broker

Protecting Fine Art, Collectibles in California

Distinguished

DECEMBER 16, 2024

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.

Protection

Protection Broker-Agent Inland Marine Underwriting

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

Distinguished

OCTOBER 30, 2024

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.

Commercial

Commercial Risk Broker-Agent Inland Marine

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

Distinguished

OCTOBER 15, 2024

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.

Policy

Policy Risk Broker-Agent Liability

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

Distinguished

SEPTEMBER 25, 2024

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.

Risk

Risk Broker-Agent Insured Insurer

Builder’s Risk Insurance Declinations: An Interview With Susan DeCarlo

Distinguished

SEPTEMBER 17, 2024

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.

Risk

Risk Broker-Agent Deductible Insurer

The Role of Appraisals in Fine Art Insurance

Distinguished

JULY 29, 2024

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.

Broker-Agent

Broker-Agent Insurer Insured Insurance

Builder’s Risk Insurance in Michigan: Online Quotes, Coverages, and Costs

Distinguished

AUGUST 26, 2024

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.

Risk

Risk Broker-Agent Insurer Insured

Does Homeowners Insurance Cover Collectibles?

Distinguished

JULY 22, 2024

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.

Insurer

Insurer Insured Insurance Policy

Public Art Insurance: Safeguarding Publicly Owned Art and Collectibles

Distinguished

DECEMBER 2, 2024

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.

Deductible

Deductible Broker-Agent Insurer Insured

What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

OCTOBER 25, 2024

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. – Inland Marine Insurance for transporting equipment and goods.

Business Insurance

Business Insurance Liability Insurance Liability Policy

Rare Toy Insurance: A Guide for Collectors and Brokers

Distinguished

AUGUST 5, 2024

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. 

Broker

Broker Insured Insurer Insurance

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

Distinguished

SEPTEMBER 10, 2024

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. 

Risk

Risk General Liability Broker-Agent Insurer

Insurance Industry Brief

Cargo Theft Surges as Holiday Season Approaches, Verisk Says

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

Trending Sources

Protecting Fine Art, Collectibles in California

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

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

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

Builder’s Risk Insurance Declinations: An Interview With Susan DeCarlo

The Role of Appraisals in Fine Art Insurance

Builder’s Risk Insurance in Michigan: Online Quotes, Coverages, and Costs

Does Homeowners Insurance Cover Collectibles?

Public Art Insurance: Safeguarding Publicly Owned Art and Collectibles

What are the most important questions to ask when choosing business insurance?

Rare Toy Insurance: A Guide for Collectors and Brokers

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

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