Skip Ribbon Commands
Skip to main content
May 05
Valuable Article Coverage Returns to Big ‘I’ Markets

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.  

Comments

There are no comments for this post.
image 
​127 South Peyton Street
Alexandria VA 22314
​phone: 800.221.7917
fax: 703.683.7556
email: info@iiaba.net

Follow Us!

Empowering Trusted Choice®
Independent Insurance Agents.​