I have been in the insurance business for over 35 years. The experience and situations I have encountered are many. When it comes to protecting your Assets, there are many variables which one must consider. Not all policies have the same terms and conditions.
Possible Exclusions are many, Earthquake, Flood, Named storms, Mold, Water, Theft from premises. Terrorism, other than Named locations, while in Transit, etc.
Conditional: vary too. Alarm warranties, Shipping, and packaging, Schedules, Unscheduled, appraisals. Notifications for removal from storage, vaults, when loaned at exhibitions, travel outside the continental USA. reporting form,
Valuations: variables are, Agreed amount, Appraisal value, percentage less sale price, percentage plus consignment, Onus of Proof.
Sub-limits: Bouillon, Jewelry, Electronics
Territory restriction, World wide, continental USA,
Deductibles: $1,000, 2,500, 5,000, 25,000, 100,000
Payment Plans: Direct Bill< Credit Card, Wire transfer, Check and Cash.
Insurance Company: Admitted. Non-admitted, Risk Retention Group, Foreign, AM Best Ratings
The above are just a few items which are negotiated during the process. I like to speak to all my customers to get a sense of what they situations are and how to protect them from a financial loss.
Not everything is ever covered by a policy, most can be. I have found many different niches which companies give very good policies, service, and prices.
Work with me and you can feel the importance of working with a human who can relate to your Insurance exposures.
William G. Fleischer, CIC
Bernard Fleischer & Sons, Inc.