Antique, Art Collector, Art Insurance, Artist Insurance, Chubb Insurance, Collectibles, Comtemporary Art Insurance, Exhibtion Art Coverage, Fine Art, Firemans fund Insurance, Jewelry, Museum Coverage, Musical Intruments, Photographs, Private Collectors and Corporate Collections, Rare Books

What is Conversion exclusion in a fine art, Antique, Jewelry policy

The Story;

A collector or Museum consigns a work to a dealer to sell.  The dealer does his job and sells the work, but does not pay the Collector or Museum.  This is now considered a loss of property and if your current policy does not address this type of loss you may not have coverage.

Now if the consignment date has expired and the dealer is not willing to return the work, in many incidences this would be classified as theft and be covered by your fine arts policy.

For more information on Conversion Exclusion call us at 1.800.921.1008, visit our website at www.ArtInsuranceNow.com or fill out one of the applications below for a fast and easy quote.

APPLICATIONS:

• Art Dealers
• Artist Transit/Exhibition/Studio Insurance
• Auctioneers
• Conservators/Restorers
• Personal Collections
• Exhibitions
• Museum Collections
• Business Owners Liability

Jewelry

Keep Jewelry OFF Homeowners Policy

Keep Jewelry
OFF
Homeowner’s Policy

art insurance
If jewelry is on HO

 
  • The impact of a jewelry claim is serious!
  • Jewelry loss counts as HO loss.
  • Jewelry losses hit CLUE and PILR reports.
  • Client loses homeowners’ “claim free” rating.
  • HO policy is difficult to re-market after a loss.
  • “Mysterious disappearance” claims, in particular, are red flags.

Other disadvantages

  • HO policies have capacity limitations.
  • Many HO carriers will not cover higher-value jewelry.
  • HO policies will not list non-family members with “insurable interest.”

NOTE:
70% OF PERSONAL PROPERTY
THEFT LOSSES ARE
JEWELRY
Standalone policy is better

 
  • Higher limits
  • Higher value per piece – expensive jewelry not excluded.
  • New appraisal not needed

We accept any reasonable appraisal

  • Co-insured (for example, fiancé) can be listed.
  • Illustrated scheduled shows (as well as describes) insured jewelry.
  • Highly competitive rates
  • Discounts available for
    • good appraisals
    • home alarm system
    • in-safe storage when jewelry isn’t being worn
  • Jewelry claims do not impact homeowner coverage.

 
Theft, Fire, Mysterious disappearance, Burglary, chips, broken and many other coverages can be included on a stand-alone jewelry policy

 
    • Emotional importance of jewelry may it be a gift, heirloom or an investment

APPLICATIONS:

• Art Dealers
• Artist Transit/Exhibition/Studio Insurance New Program
• Auctioneers
• Conservators/Restorers
• Corporate Collections
• Personal Collections
• Exhibitions
• Museum Collections
• Business Owners Liability
Art Insurance, Artist Insurance, Fine Art, Uncategorized

How Important is my advice

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.

www.artinsurancenow.com

William G. Fleischer, CIC

President,

Bernard Fleischer & Sons, Inc.

http://www.artinsurancenow.com/

Comtemporary Art Insurance, Fine Art, Private Collectors and Corporate Collections

Corporate Collections Basics: Step 1

We at Bernard Fleischer & Sons, Inc  /Art Insurance Now, provides corporations and businesses with insurance coverage for their corporate fine art collections. This coverage protects the Art collection from physical loss or damage including breakage, vandalism, theft, and damage or loss while on display or in storage at company locations or warehouse while in transit and while on loan to institution, gallery or exhibition.

Coverage highlights include:

  • Competitive rates
  • Appraisal Option forms
  • Deductible options
  • Placement of insurance with “A” rated admitted carriers
  • Broad blanket coverage policy’s for large fine art collections
  • Certificates of Insurance issued as evidence of coverage
  • Premium payment options at no additional charge

Basic Fine Arts Coverage

Even our most basic coverage provides solid protection. It features:

  • Broad, worldwide protection
  • Scheduled or blanket limits for both owned collections and loaned items
  • Domestic and international transits

Enhanced Fine Arts Coverage

Most of the policies included extra or specific protection. These enhance the basic coverages in many ways like:

  • Registration Papers and Records
  • Special clauses for “Loss Buy Back” and “Pairs and Sets”
  • Furniture and Fixture, integral to the Fine Art display

To obtain a quotation, please provide the following:

Call now: William Fleischer CIC  212 566-1881 ext 111

APPLICATIONS:

• Art Dealers
• Artist Transit/Exhibition/Studio Insurance New Program
• Auctioneers
• Conservators/Restorers
• Corporate Collections
• Personal Collections
• Exhibitions
• Museum Collections
• Business Owners Liability

Art Collector, Fine Art, Galleries, Museum Coverage

Travelers Fine art and museums policies

affiliate-travelers-logo-layout

Fine art and museums

Travelers understand the passion that people who manage collections have for their objects. They offer unparalleled coverage and services for our fine art customers, whether it is a cultural institution, a large corporate collection or the dealers and galleries who represent this industry.

As a U.S.-based insurer, their financial strength allows us to offer limits that meet the needs of small institutions and galleries as well as major accounts requirements. Our capabilities extend to managing domestically-based accounts with international exposures. They work with you on many aspects of your account – from the collections to the property that houses the art.

Collections

Broad fine art coverage is available for corporate collections of fine art, or for artwork and collectibles in commercial settings. A wide-ranging spectrum of paintings, sculptures, prints and multiples, and specialized collections of historical, cultural or technological significance can be insured.

  • Coverage is available at a permanent location, in transit or while loaned to others
  • Our agreed value fine art policy addresses the needs for that collection, while also making other important coverages available (e.g., breakage, pairs, and sets coverage, flood, and earthquake)

Museums

Museum coverage is available for a myriad of institutions such as those for art, history, natural history, sports, and science and technology. Large and small venues, educational facilities, regional collections and specialized institutions – such as aviation and automobile museums – are among our policyholders.

  • Integral coverage components include art at scheduled locations, on exhibition, in transit, or on loan to other organizations
  • We provide coverage options for museum-owned property or the property of others for which the policyholder is legally liable

Galleries

The diversity in the gallery community gives us the opportunity to personalize coverage and service offerings.

  • We work with you on your needs for specialized transit, art fairs, and exhibitions
  • We help you manage the risk exposures at your gallery and storage locations

Other associated businesses

We also work with specialized fine art shippers and operations that manage other components of this industry (e.g., art handling, crating, storage).

Services

The Inland Marine Network has developed a circle of risk control consultants, and a claim team and theft investigators who are well-versed in the particulars of valuation and restoration issues that are so important to the overall mission of the fine art community. Risk Control works on management practices and location risk analysis. Our Claim team also has a group who specializes in art so they can fully support this industry. The Specialty Investigations Group helps in theft protection consultations and assists in theft recoveries.

For more information and a fast, free quote visit us at www.ArtInsuranceNow.com

Jewelry, Uncategorized

New AXA Jewelry Collection Policy
Specialty Jewelry Collections AXA Art Policy HighlightsAXA Art recently launched a specialty jewelry product for private collectors of classic antique and designer jewelry. The mono-line, broad coverage product is available in the United States for schedules in excess of $500,000 for focused collections ranging from ancient to vintage to contemporary jewelry.Our specialty jewelry product offers affordable, all-risk coverage on a worldwide basis. The policy can be written as a separate policy or added to an existing fine art policy. This new jewelry collection policy is offered in addition to our scheduled jewelry product for values below $500,000.

 

 

Highlights:

  • Target: $500K up to $30MM jewelry collections, higher limits available
  • Minimum: $500K personal jewelry collections
  • Competitive rates for collections kept in the residence, residence safes and bank vaults
  • Worldwide coverage
  • No restrictions for California earthquake or any coastal windstorm locations including Florida
  • No deductible requirements, deductible options available for various rate credits
  • Coverage for loose, cut gems and stones available
  • Valuation Options: Agreed, Current Market Value
  • Scheduled or blanket policies
  • $50,000 blanket coverage included

 

Submission Requirements:

  • Completed AXA Art application
  • Listing of jewelry in collection with values
  • Purchase receipts or appraisals for items valued at $100K or more

Contact:

For more details about AXA Art’s specialty jewelry program,

please contact your William Fleischer

 

APPLICATIONS:

• Art Dealers
• Artist Transit/Exhibition/Studio Insurance New Program
• Auctioneers
• Conservators/Restorers
• Corporate Collections
• Personal Collections
• Exhibitions
• Museum Collections
• Business Owners Liability

 

 

 

Public Art

Bansky

In Today’s contemporary Art world, values move quickly. The street graffiti Artist has mad strives in the collecting arena. How do you place a value on a building wall? a Mural commissioned on a side of a building to bring attention to a business. A painting on the door of a truck. Public Art the danger of the Vandals.

I was asked to insure a building mural for a business. once it’s painted on the building wall the art becomes part of the building. Graffiti or vandalism is part of standard Business coverages.
In contrast, I was asked to Insure a truck door with Banksy art. This one was easy since it was taken off the truck and transported to the collector.

click here for the private art collectors application

APPLICATIONS:

• Art Dealers
• Artist Transit/Exhibition/Studio Insurance New Program
• Auctioneers
• Conservators/Restorers
• Corporate Collections
• Personal Collections
• Exhibitions
• Museum Collections
• Business Owners Liability

Art Collector, Artist Insurance, Exhibtion Art Coverage

How to insure an Artist Estate?

This week, I insured an individual who was left with over 2 million worth of Art from an artist. There were over 1,000 works on paper, 600+ works on canvas. It is in the process of being cataloged and photographed. There were no appraisals since it’s in the gathering portfolio stage.
The call was triggered because some of the work was going to be exhibited and they wanted to protect the Art.

I recommended using the collector’s application instead of the Dealer application.  The main difference is how the settlement option works.  As a collector, you will be paid for the Art at Fair Market Value and as a dealer, it will be 30% less of the sale price.

Call me 212-566-1881 ext 111

William Fleischer, CIC

 

APPLICATIONS:

• Art Dealers
• Artist Transit/Exhibition/Studio Insurance New Program
• Auctioneers
• Conservators/Restorers
• Corporate Collections
• Personal Collections
• Exhibitions
• Museum Collections
• Business Owners Liability

Art Collector, Art Dealer, Collectibles, Exhibtion Art Coverage, Rare Books, Stamps, Vintage Cars

Collectors Insurance

Bid Bonds

We represent Insurance Companies to make it easy for you to protect the things you collect.

Homeowners insurance alone does not provide enough coverage for your clients’ treasured items. That’s why our collectibles program is the perfect complement to your standard personal lines products. It enables you to protect the full collector value of your collections in the event of a total loss.

Designed specifically for collectors, our all-risk policy not only protects against accidental breakage, hurricane, flood, earthquake, fire, and theft – it also protects the packaging and accessories of collectibles. Plus, our optional Collectors’ Choice coverage provides your clients who are actively growing, displaying, or occasionally using their collection with the added level of protection they need to fully enjoy their hobby.

We offer deductible options (including zero deductible), rate options and discounts, and multiple collections in the household can all be covered by the same policy. Appraisals are not required to obtain this valuable, stand-alone coverage.

We’ll consider all types of collections including*:

Advertising Memorabilia Die Cast Model Cars/Trucks Pottery & Collector Plates
Animation Art Dolls Prints (limited editions)
Automotive Memorabilia Figurines Quilts (antique/collectible)
Books (rare) Guns (pre and post WWII) Radios/Victrolas
Cameras (antique/collectible) Holiday Collectibles Sports Memorabilia
Carousel Animals Jukeboxes/Upright Arcade Games Stamps
Ceramics Military Memorabilia Teddy Bears
Clocks (antique/collectible) Miniatures & Doll Houses Toys & Action Figures
Crystal/Glass Model Trains & Layouts Trading Cards
Comic Books Movie Memorabilia Wine & Accessories
Coins Musical Instruments and much more! 

* Contact us regarding other unique collections at www.ArtInsuranceNow.com, or call 1.800.921.1008

art_signature

 

 

 

Claim Process, Unique Stories pertaining to Art

Water- A Serious Peril to Works of Art

AXA ART Presents Damages from Hurricane Sandy at its Lounge during 2013 AIPAD Photography Show New York

Serves to reinforce the importance of Disaster Preparedness

NEW YORK – (April 4, 2013) – Next to oxygen, water is the most essential element of human life. However, it is a serious threat to objects of art. according to AXA ART’s Fine Art Expert, Matthew Knight. “Water can be hazardous to works of art in many forms. Whether from excessive humidity, accidental pipe burst (which the insurance industry defines as “falling water”) or from mother nature’s fury in the form of heavy rains or coastal flooding (defined as “rising water”); the presence of water has proven to be very damaging to all artworks, especially photographs”.  Knight goes on to say, however, “The risks can be reduced by carrying out simple precautions and having emergency disaster plans in place.”

Nowhere was water’s damaging effects to works of art more evident than from the unprecedented and costly super-storm, Hurricane Sandy. AXA ART had chosen a casualty of this storm for presentation at its lounge during the 2013 AIPAD Show.  On display were damaged photographs, To Fight with Crossed Arms, 2007, ed 4/5, by prolific Chinese contemporary artist, Ai Weiwei.

Christiane Fischer, President & CEO of AXA Art in the Americas observed, “Sandy was the costliest event for the art insurance industry by far and we are now living in a post-Sandy world. We all will need to adjust our disaster planning strategies to protect important works such as To Fight with Crossed Arms from becoming victims of water damage”.

Over its more than 50 years of operation, AXA ART has seen and settled a variety of natural disaster claims internationally.  The global art insurance specialist advises that while some accidental damages can neither be foreseen nor deterred,  there are practical steps that can be applied to prevent the total destruction of works of art whether on display, in transit or in storage. Key components in the planning strategies of collectors’ and galleries’ should include evacuation and catastrophe preparedness as well as maintaining proper storage for art collections and inventories.  “Ultimately our goal is to support collectors as they seek to safeguard the value and longevity of their collections”, Fischer concluded.

Reference AXA ART’s  Collection Management Series for general information gathered from conservators and worldwide expert partners on caring for collections.  For more detailed information on protecting your possessions, AXA ART’s Claims and Risk Management teams are available resources: http://www.axa-art-usa.com/artprotect/caring-for-collections/prevention.html 

 

The AIPAD Photography Show ran, April 4 – 7, 2013 at the Park Avenue Amory, 643 Park Avenue, New York City.

Note to Editor:
To Fight with Crossed Arms, depicts Ai Weiwei’s allegorical self-portraits as curator, artist, architect, and critic. The title, derived from a Marcel Duchamp quote about facing an enemy with nothing more than crossed arms, refers to diverting political persecutions and tactics with the neutrality of a stoic non-combatant stance. This collaborative approach with artists/architects, MAP Office (a Hong Kong-based duo), seeks to express a shared rejection of artistic and political oppression without revealing the game.

About AXA Art
International reach, unrivaled competence and a high-quality network of expert partners distinguish AXA ART, the only art insurance specialist in the world, from its generalist property insurance competitors. Over the past 50 years and well into the future, AXA ART has and will continue to redefine the manner in which it serves and services its museum, gallery, collector, and artist clients across the Americas, Asia, and Europe, with a sincere consideration of the way valuable objects are insured and cultural patrimony, is protected. In addition, AXA ART invests in risk-prevention awareness and cutting-edge conservation techniques as a measure to protect and preserve cultural heritage for generations to come.  For more information, visit www.axa-art.com.

We have been an AXA Agent for over 7 years. For more information and a fast free quote visit us at www.ArtInsuranceNow.com

ain-axa

Insuring Art, Art Gallery, Art Dealer, Artist and the Art world needs