| Big “I” Markets partner Crown Coverage has returned to reconnect with the Big “I” Markets family and resume serving our agents with a new valuable articles market written on AXA Insurance Company paper.
Catch up on the coverages now available:
Artist*
- Minimum policy premium: $2,500
- Minimum policy deductible: $1,000
- Enhancement options include coverage for:
- Commissioned works in progress
- Non-commissioned works, if completed
- Studio contents
Conservator*
- Minimum policy premium: $2,500
- Minimum policy deductible: $1,000
- Valuation:
- Objects in conservator's care, custody and control: agreed value
- Furniture and fixtures: replacement cost
- Enhancement options include:
- Art reference library coverage
- Studio contents coverage
- "Workmanship" coverage for property damage
- Bailee legal liability coverage
Dealer*
- Minimum policy premium: $2,500
- Minimum policy deductible: $1,000
- Valuation: cost plus (+%) / selling less (-%) for inventory
- Property included: inventory, loaned items and objects on consignment
- Blanket coverage available with approved coverage locations
- Enhancement options include:
- Art fair/trade show coverage
- Available bailee legal liability coverage enhancement
- Art reference library coverage
Exhibition
- Minimum policy premium: $1,000
- No policy deductible requirements
- Deductible options available for rate credits
- Valuation:
- Fine art: agreed value
- Exhibitry: actual cash valuation or replacement cost
- Scheduled policies
- Worldwide coverage for U.S. domestic insured
- "Wall-to-wall" / "nail-to-nail" coverage
- Earthquake/windstorm coverage based on availability
- Flexible term by day, month or year
- Multi-year policies available
- Policy can be rated for multiple venues and storage needed between sites
Historic Property*
- Available for corporation-owned properties
- Excludes private residences
- Minimum policy premium: $2,500
- Minimum policy deductible: $1,000
- Building contents, real property and business interruption covered under one policy
- Valuation:
- Building contents: agreed value, current market value, or current market value-150%
- Real property: agreed value or replacement cost
- Coverage for multiple buildings and locations
Jewelry
- Minimum policy premium: $1,000
- Target: jewelry collections with a $500,000-$30 million value (higher limits available)
- Minimum: $500,000 for personal jewelry collections
- Valuation: agreed value, current market value or current market value-150%
- Competitive rates for collections kept in the residence, residence safes and bank vaults
- Available coverage for loose cut gems and stones
- Scheduled or blanket policies
- $50,000 blanket coverage
- Worldwide coverage
- No restrictions for California earthquake
- No restrictions for coastal windstorm locations, including Florida
- No deductible requirements
- Deductible options available for various rate credits
Museum*
- Minimum policy premium: $1,000
- Minimum policy deductible: $1,000 (owned property on premises)
- Coverage for owned (permanent collection) and loaned (short- and long-term) objects
- Valuation:
- Owned property: current market value
- Loans: agreed value
- Worldwide territory
- Large line capacity
- Flexibility in limits throughout policy term to accommodate exhibitions
- Blanket coverage for single or multiple venues
- Coverage for outdoor sculptures
Private Corporate*
- Minimum policy premium: $1,000
- Target: any limit (minimum premium applies)
- No policy deductible requirements
- Deductible options available for rate credits
- Valuation options: agreed value, current market value, or current market value-150%
- Scheduled or blanket policies
- Automatic coverage for newly acquired objects, up to 25% of limit
- Worldwide coverage
- Available coverage for single or multiple locations
- Available coverage for art reference library coverage
Log in to Big “I” Markets and select Stand-alone Valuable Articles Program - [Commercial or Personal] from the Products menu. This market is available in all states.
*Earthquake restrictions apply in California. Windstorm coverage restrictions apply in Florida and coastal locations. |