The personal articles floater product, available through Big “I" Markets, offers customized products and services for commercial and personal inland marine fine art and valuable articles.
Coverage is available for museums, galleries, private dealers and corporate collections, as well as private fine art collections, jewelry, fine wine, silverware, musical instruments, antiques and any collectible imaginable.
This program offers many specialized features designed for all types of risks that will appeal to even the most discerning collector, regardless of risk size. The carrier's in-depth knowledge of both personal and commercial exposures enables it to underwrite diverse risks, resulting in policies that are individually tailored to meet the unique needs of your insureds.
Working with a specialty company that understands the unique elements of these risks leads to the most competitive pricing, considerably broader and more flexible coverage than your standard homeowners insurer, and expert claims handling.
Special items warrant special coverages and terms not commonly found in standard policies, and this program offers the following unique features:
- All risks of physical loss or damage
- Worldwide coverage, including transit
- Valuation options to meet individual risk needs
- No per-item limitations
- Newly acquired property coverage
- No deductibles
- Optional buy-back for recovered property
- Legal liability coverage for objects in your care, custody or control
Expertise in claims adjusting is vital when specializing in niche coverages. Claims are processed in-house and are assigned to an expert adjuster from a tight network of U.S. specialists. These specialists then work directly with insureds, guaranteeing privacy and the utmost discretion in adjusting the claim. This high-profile network of adjusters gives your clients access to a host of niche industry specialists to aid in the claims process, such as:
- Fine art, collectible and jewelry appraisers
- Specialty jewelers
- Collectible societies
- Conservation and restoration specialists
- Auction houses
- Museums and gallery curators
- University historians and experts for unique items
- Curating services for collectors
Policies are written on an admitted basis. The carrier is rated A (Excellent), size XV by A.M. Best. The Personal Articles Floater is available on Big "I" Markets in all states except Alaska and Hawaii for both commercial and personal lines.