What are Chubb’s Policies like?

Chubb is known for their high-Value Homeowners, In many cases, you can include your Art on these Policies, Chubb offers stand-alone coverage policies, even though if your homeowner’s policy is with another company.

Are your valuables worth more than $1,000 (per item)? More than $5,000? Then Chubb says they are the company for you with
their Masterpiece Valuable Articles Coverage. Fine art insurance is inexpensive, generally running from one to two cents per $100 in valuation, depending on location and type of Art. “Price is not the issue in fine art insurance. The scope of coverage, conditions, and limitations along with fine arts expertise are the key factors to consider.

What Chubb offers:
• Itemized coverage
– allows you to determine the insured value
of each of your possessions. In the event of a total covered loss of an item, you will receive 100% of the insured value, with no deductible, and no depreciation.

• 150% replacement cost
– provides safeguards for items that appreciate. If the market value (before the loss) of an item lost or damaged in a covered loss is greater than the itemized amount listed on the policy, they will pay the market value up to 150% of
the itemized coverage amount for the item.

• Breakage protection
– coverage for breakage or damage to fragile items is automatically included.

• Coverage for “mysterious disappearance
– Chubb provides coverage when valuable items are lost or misplaced, especially when they disappear away from the home. Many homeowners policies don’t cover this.

Worldwide coverage
– valuables are automatically covered wherever taken, anywhere in the world.

• Appraisal
– Chubb does not require an appraisal for every piece that you itemize. For most possessions, they need a description of the item and a value. They generally require an appraisal only for fine art worth more than $100,000, jewelry worth more than $50,000, and any other item valued over $25,000.

Coverage for pairs and sets
– If a piece of an itemized pair or set (like earrings or a set of silver) is lost or damaged in a covered loss, you have the option to provide them with the remaining piece(s), and will receive the coverage amount for the entire set.

Cash settlement
– You are not required to replace itemized valuables in the event of a loss. You can choose a cash settlement, or replace your valuables at the dealer of your choice.

Coverage of newly acquired items
– If a new item is acquired and you already have similar articles insured with itemized coverage, the new item is automatically covered for 90 days for up to 25% of the total itemized coverage for those similar articles (maximum $50,000).

Chubb also has an outstanding claims reputation. We are one of the largest fine art insurers in the world and insure many collections of top art collectors.
To receive a quote follow the link and complete the application for a collector.

www.artInsurnceNow.com

tel: 212 566-1881

 

 

Personal Articles Floaters Program

Personal Articles Floaters Program
Still placing PAF’s on your Homeowners Policy? Does your policy have exhaustive exclusions or limitations and warranties such as alarm warranties or location restrictions? Or perhaps no CAT (catastrophe) coverage or sub-limited CAT coverage with deductibles?

This program rivals the best forms in the industry and is written on an all risk basis and Admitted in all States. CAT coverage up to the policy limits. There are no deductibles, location restrictions or alarm warranties.

And… The Personal Articles Floater program is available for risks of any size.

Still Not Convinced? Look How Easy We Make It!
Immediate policy issuance. Immediate endorsement processing.
Have a schedule from a prior policy? We accept that in lieu of appraisals.

Regarding appraisals, we have no age restriction on appraisals or invoices. Have a large risk with an extensive schedule? Forward to us to import.

Book Transfers
We do that too. And we make it easy for you.

Contact us at 800 921-1008 to learn more. 

Program Highlights

  • Carrier A rated, XV, Admitted
  • Operations Personal & Commercial collections of any size.
  • Types of Items Jewelry, Fine Arts, Collections and more.
  • Enhancements Earthquake, wind, flood (all with no deductible);
  • Worldwide coverage;
  • No hotel/motel exclusion;
  • Market Appreciation clause included;
  • Automatic coverage for newly acquired items.
  • Blanket Unscheduled Jewelry up to 25,000;
  • Blanket Unscheduled Fine Arts up to 25,000

Program Summary

All risk, worldwide coverage for valuables and collections including jewelry, fine arts, and other miscellaneous items. Available for individuals and businesses.

Collection Categories

  • Jewelry
  • Fine Arts (fragile, non-fragile, unscheduled)
  • Furs
  • Cameras
  • Sporting Equipment
  • Musical Instruments (non-professional)
  • Silverware
  • Postage Stamps
  • Rare Coins & Collections
  • Computers & Media
  • Wine
  • Golf Carts
  • Guns/Firearms
  • Bicycles
  • Other Miscellaneous Items
  • Earthquake and wind coverage available with no deductible

Visit my website and complete the simple application: www.ArtInsuranceNow.com

AXA Art Hurricane Season Announcement

Hurricane Season Announcement
Weather Experts forecast active hurricane activities for 2011
AXA Art cautions collectors to put pre-emptive measures in place

NEW YORK — May 18, 2011 — In issuing the outlook for the 2011 hurricane season, experts at the Department of Atmospheric Science, Colorado State University, advise “conditions are favorable for an active season,” along the Atlantic basin. The forecast includes 16 Named Storms, 9 of which will be hurricanes. Of the 9 hurricanes, 5 will be major ones with sustained winds of at least 111 miles per hour, capable of producing devastating damage.

The hurricane season runs from early June through the end of November. Hazards from these storms come in many forms including high winds, tornadoes, storm surges, and flooding. However, while predictions for this year are disturbing, a simple disaster plan along with employing some common sense measures can serve to help mitigate damage or total destruction.

“At the onset of a storm, the most important concern is ensuring one’s personal safety and that of loved ones,” commented Christiane Fischer, President, and CEO of AXA Art’s North American operations. “For collectors, having a disaster plan in place can serve to protect prized possessions and valuable art and collectibles”.

With information gathered from conservators and its worldwide team of expert partners, AXA Art has assembled a guide for collectors including a checklist with key elements in hurricane catastrophe prevention. Below is an excerpt from the AXA Art Hurricane Disaster Plan Article, which can be downloaded in full on the AXA Art website.

Checklist – Before the Storm:
1. Maintain a list of emergency telephone numbers which includes those of your insurance agents/brokers, insurance company (note your policy number), conservators, art storage facility and local freeze dry facilities. Keep an extra copy with your insurance agent.

2. Prepare and maintain a fine art inventory file with images of each work, the name of artist or maker, title, dimensions, media and year. Include invoices for each of your valuables. Protect your documents by securing important papers in water- and fire-proof safes or storage boxes. In addition, keep a copy of all documentation at a separate, secure location.

3. Consider a hurricane evacuation plan for your art collection. Contact local art storage facilities that could potentially provide secured storage space prior to the arrival of the Tropical Storm or Hurricane. Alternatively, you may wish to build a storm closet within your home.

4. In the absence of a hurricane evacuation plan, install an HVAC climate control system with a backup generator, which can protect against rising humidity levels that can damage artwork.

5. Prepare your home by adding protective hurricane shutters and roof hurricane clips.

6. Make sure you have supplies to be able to bolt down outside furniture before the storm approaches.

7. Prepare a stock of emergency supplies to include flashlights, fans, dehumidifiers, hurricane lamps and oil, matches, battery-operated AM/FM radio with extra batteries and coolers. If you have an emergency generator, make sure it is above possible high water levels. Include a waterproof instant camera to use to document any damage.

8. In preparation for potential evacuation of an approaching storm, each household member should have a backpack ready and include a change of clothing, bottled water, nonperishable food items such as granola bars, as well as an up-to-date list of any medications with dosage information. Include all doctors’ names and phone numbers. Also include contact and meeting information for the household, child care supplies or special care items.
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 40 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 North America, Asia, and Europe with a sincere consideration of the way valuable objects are insured and cultural patrimony protected. For more information, visit www.axa-art.com.

This announcement is advisory in nature and is provided for informational purposes only. It is offered as a resource to be used by insurance advisors and insureds in maintaining an appropriate loss prevention program. No liability of whatsoever kind is assumed by AXA Art by reason of the information contained in this announcement.

To recieve a quote with AXA Art visit http://www.artinsurancenow.com/

What AXA Says about Insurance

ain-axa
AXA is a worldwide leader in financial protection strategies and wealth management

 

Fine Art and Collectibles Coverage
(applications: www.ArtInsuranceNow.com)

We understand the collector’s passion and desire for expert service, responsiveness, and absolute confidentiality. We cater to those needs while writing policies that are as individualistic as the collectors themselves. Because we understand the risks involved far better than a non-specialist insurer, we can generally provide important benefits. For example, we can often be flexible in our rating for certain large collections based on one probable maximum loss, providing the insured with sufficient coverage yet at significant cost savings over less sensitive plans. Our underwriters are highly qualified fine art and collectibles professionals who will understand a collector’s needs and the many insurance options open to them. They will make the task of providing the right coverage easy for you and simple for your client.

Personal Jewelry Coverage
(applications: www.ArtInsuranceNow.com)

Few people have to think twice about insuring valuable jewelry. But doing so with a firm renowned as the world leader in art insurance might seem unnecessary. Why not a rider on a standard homeowners policy? At AXA Art, we understand that jewelry is an art form. Whether artist—designed, antique, fine or costume, jewelry has three kinds of value: financial, which we can insure; cultural, which we can help you preserve; and value to you, which is everything. In addition to a wide and flexible range of Personal Jewelry policies, we offer conservation advisory and services to help you keep your pieces precious.

Rare Books Coverage
(applications: www.ArtInsuranceNow.com)

Books, said Thoreau, are carriers of civilization. Rare volumes also give intense pleasure — and can fetch high prices. A rare book is a complex object with conflicting needs. Made of paper, glue, textiles, leathers, adhesives, inks and perhaps other materials, it requires informed handling, proper care, and a protective environment. The experts at AXA Art can provide bibliophiles with comprehensive insurance and a complete range of conservation and other services needed to help preserve a book’s value and the enlightenment it contains.

Antique Weapons Coverage
(applications: www.ArtInsuranceNow.com)

Many antique weapons — those at least 40 years old — are products of exquisite craftsmanship or technical wizardry, mark an important technological advance, or are famous as a result of an owner. Theodore Roosevelt’s African Safari rifle, for example, sold for $550,000 at auction in 1994. An antique weapon may seem durable. After all, unless strictly ceremonial, it was made to serve in the field. But a startling variety of accidents and deterioration have befallen antique weapons, and restoration — when possible — can be costly. AXA Art specializes in affordable protection for antique weapons against loss and damage, and in providing collectors with a complete range of support services, from appraisal through conservation, shipping, handling, and exhibition.

Vintage Wine Coverage
(applications: www.ArtInsuranceNow.com)

Wine differs from other collectibles in that its eventual purpose is to be consumed. Proper care and handling can ensure wine’s drinkability and help retain its value. The best protection is a storage facility with stable temperature and humidity control, accompanied by a Vintage Wine policy, so your wine can mature and mount in value with security. AXA Art believes in covering not only your vintage wine collection against accidental loss or damage but also the means to controlling its environment: our insurance can include wine containers, storage units, climate control systems, wine cellar furnishings and accessories.

Vintage Vehicles Coverage
(applications: www.ArtInsuranceNow.com)

Classic and antique vehicles have caught on the last two decades and those of great marques — Bugatti, Hispano Suiza, Rolls—Royce, Duesenberg — have been excellent investments. The same is true for certain beloved production models. And what collectible can be driven at highway speed? This is precisely why a rare automobile requires insurance from a specialist. We offer Vintage Vehicles policies against accidental loss or damage to antique vehicles at least 25 years of age, classic vehicles of unique or rare design, and most limited production models. We understand the passion collectors have for their cars and tailor our policies to their needs, including insuring as a matter, of course, a trailer used to transport a vehicle to a meet, concourse or show.

Rare Stamps and Coin Coverage
(applications: www.ArtInsuranceNow.com)

Philately and numismatics are deeply rewarding areas of collecting, with at least one thing in common: Many collectors in each field are underinsured. One reason: The fulfillment of finding and owning a rare stamp or coin seems far above pedestrian finance or security. At AXA Art, we understand both the compulsion to possess something rare and the necessity of securing one’s investment of time, effort and money in both senses: financial and conservatorial. As the world leader in art insurance, count on us to understand the nuances of a focused collection and a collector’s many needs, including secure and protected travel, the value of a personal reference library and a controlled environment. You’ll find that we embrace them.

Emerging Collectibles Insurance
(applications: www.ArtInsuranceNow.com)

The major areas of collecting were once thought fixed and unvarying. Then the second half of the 20th century occurred. Today thanks to durable glamour, historical necessity, potent nostalgia, or simply keen interest, many classes of objects from couture to cooking utensils, rock guitars to tin cars, have acquired value and an active market fed by dealers, curators, collectors — and AXA Art. As the world leader in art object coverage and related services, we are quick to understand the value of rare objects. We are familiar with the collector’s reluctance to divert funds that could be used for purchases, the complexities of risk, and the need to provide proper conservation. As a result, our collectibles insurance is surprisingly cost-effective.

Exhibition Coverage
(applications: www.ArtInsuranceNow.com)

As the world’s leading fine arts and collectibles insurer, we thoroughly understand the many complex and delicate issues involved in exhibiting, borrowing, handling and shipping fine art. Our coverage is genuinely worldwide and as flexible as you wish. It is generally wall to wall — that is, starting when it is removed from its place of residence until it is returned — and covers just about everything in between but government seizure or nuclear hazard. Because we understand the risks involved, we can provide virtually any type of coverage imaginable — at extremely competitive rates.

Museum Coverage
(applications: www.ArtInsuranceNow.com)

We are insurance and art professionals and we understand the many complex and delicate issues involved in exhibiting, conserving, and handling and shipping fine art, including objects from a museum’s collection as well as objects on loan. We are a large-capacity insurer and our underwriters understand that museums have to contend with large volume and small budgets. We are renowned to be creative and flexible to accommodate those we insure. Working as a team, our underwriters share their expertise to bring forth the very best solutions for comprehensive policies — and most of all achieve important cost-efficiencies for the institutions as well.

Corporate Fine Art Coverage
(applications: www.ArtInsuranceNow.com)

We are experts in the insurance of fine art and collectibles and we appreciate the numerous benefits of a corporate collection to a company’s well-being and corporate culture. You will find that we thoroughly understand the many complex and delicate issues involved in handling a large collection. In addition to broad, worldwide coverage we offer automatic coverage on newly acquired objects of up to 25 percent of the total policy limit with a 90 day-reporting obligation. Our coverage is extremely flexible — we welcome small and large collections and tailor our terms and conditions to fit the needs of those we insure. For example, we cover a collection’s works of art whether on corporate premises or in private homes.

Fine Art Dealer Coverage

Our focus on fine art and collectibles allows us to better serve the specific needs of those we insure. Our underwriters follow collecting trends and fluctuations in the art market. They understand that galleries are in the business of installing and de-installing shows at short notice. We are usually able to bind coverage on both large and small risks over the telephone. Because we share a collector’s interest in and passion for fine art and collectibles and understand the risks involved, we can provide virtually any type of coverage imaginable — at extremely affordable rates.

Historic Property Program
(applications: www.ArtInsuranceNow.com)

We are pleased to offer a special insurance program designed specifically for Historic Properties. Many Historic Properties are themselves works of art. As such, they are expressions of a life-ethic, a bygone era that inspires artists still today. Prime examples of these structures demonstrate the artistic flair of the men and women who designed them, built them, furnished them and lived in them.

The descriptions of policy provisions in this web site provide a broad overview of coverages only. All coverages are subject to conditions, coverage limits, limits of liability, limitations, and exclusions as contained in the policy. See the policy itself for an exact description of the coverage provided. AXA Art is licensed to write insurance in every jurisdiction in the U.S. with the exception of with the exception of American Samoa, Guam, Northern Mariana Islands, Puerto Rico and the U.S. Virgin Islands.

(applications: www.ArtInsuranceNow.com)

What Travelers has to say About Art Insurance

Inland Marine — Fine art
What it covers

Travelers offer unparalleled coverage for the protection of scheduled fine art items. Coverage for such fine art is available at a permanent location, in transit or while loaned to others. Our Agreed Value Fine Arts Policy ensures that fine art collections are insured under a form that addresses the needs for that collection, while also making breakage coverage, special pairs and sets coverage, and flood and earthquake coverage available.

For significant corporate collections of fine art, or for artwork and collectibles in commercial settings, we offer comprehensive fine art coverage under which a broad spectrum of paintings, sculptures, prints and multiples, and more specialized collections of historical, cultural or technological significance can be insured.
Who needs it

Corporations and commercial accounts may have valuable works of art not specially covered as fine art under standard package policies that can be insured under our fine art coverage.

Reporting a Art Claim

When a claim arises, “Report the Claim”
(applications: www.ArtInsuranceNow.com)
If your property has been damaged, take whatever steps are necessary to prevent further damage, and keep receipts for any expenses. Contractors are listed in the Yellow Pages under “Fire and Water Damage Restoration.”

Make a list of all damaged property. Do not throw away any damaged property until an insurance adjuster tells you it is all right to do so. If the claim involves another party, do not admit liability or reveal your limits of insurance coverage.

Most of the insurance companies we represent have 24-hour claim service, and you can report your claim directly to them. (They will contact us automatically.) To go to the directory of companies now, click here.

Timely reporting of claims is a must!

Please remember that when you buy an insurance policy, the agreement with the insurer is that you will let the insurer know whenever you are aware of a situation that might give rise to a claim. Time — and timely notification — is critical, if the insurer is to keep its own part of the agreement…to make you whole for any covered loss you might have. Often, particularly with liability claims where a legal defense is required, the insurer needs to begin gathering information right away. If the insurer is not put on notice until the later stages, an effective legal defense might be impossible, and the carrier might exercise its right to deny the claim on the basis that the policyholder did not provide timely notification. State laws vary, but in general, they support the insurers in their denial of such claims.

Do not wait to see if a problem will “blow over.” As soon as you are aware of circumstances that might give rise to a claim, please review your policy language regarding covered claims and your reporting responsibility. At your request, Bernard Fleischer & Sons, Inc will assist you in dealing with the insurance company in an effort to assure that the claim is properly evaluated and you are treated fairly.

Art Collection Insurance

Art Collection Insurance

Consultation for fine art, collectibles and personal property management.

Bernard Fleischer & Sons have developed a unique, valuable service for collectors, other high net worth individuals and families. We review with you or your Art Consultant, Curator, or Family member alternative coverage options. We can introduce ways to help assure that your insurance coverage is always up to date and as responsive as possible. William Fleischer, CIC is a highly knowledgeable and experienced professional. His New York-based network has access to appraisers, trust, and estate advisors, dealers, and attorneys.

Our focus is on individual, family and corporate needs. Our client confidentiality is very important to a long-term relationship.
As one of New York’s oldest brokerage firms, we work with the best Insurance companies in the business.

Let us protect you and help design the appropriate protection for your collectibles:

•Fine art and antiques
•Musical instruments
•Rare books
•Jewelry
•Photographs
•Sculpture
•Art glass
•Porcelains
•Stamps
•Antique silver
•Auction Houses
•Dealers
•Exhibitions
•Fine Art Packers and Shippers
•Galleries
•Museums
•Private Collectors and Corporate Collections
•Stately Homes
•University libraries and collections
•Vintage Cars

Art Insurance Now, AXA, Chubb, Chartis, Markel, and Travelers all have a history of working with:
auction house experts, dealers, trust and estate advisors & attorneys.
affiliate-logo-layout-1Their referral lists can help you in:

  • Obtaining specialized appraisers
  • Inventory management systems and cataloging
  • Specialized shippers, warehouses, restorers
  • Working with galleries and auction houses

For more information and to fill out an application for a fast free quote visit us at www.ArtInsuranceNow.com or call 1.800.921.1008

Collectibles Insurance MythBusters:

Collectibles Insurance MythBusters:

  1. Insurance Myth: My Art collection or Collectible collection is covered by my homeowners’ insurance.
    The FACTS: In most cases, your homeowners’ is designed to cover personal property and is not nearly enough to protect your collection.  There is no coverage for Breakage and sub-limits for theft. Many Homeowners Policy, will not cover your collection off premises, not even if lent to a Museum or Art Gallery.
  2. Insurance Myth: No insurance policy would cover my unique collection.  May it be Ceramic Art, Glass Art, Sculptures, Fine China or Unique objects if it has value, it can be Insured.
    The FACTS: There are many Insurance companies like  AXA, Travelers, Markel, Chubb or Chartis that will cover most types of collections, for a wide range of losses, Each company has a unique policy, coverage forms, exclusions, and limitations.  This is why, you need to speak with us, to help you review the differences.
  3. Insurance Myth: I’ll have to itemize every item in my collection and get it appraised to get insurance.
    The FACTS: No appraisals are necessary depending on if the Art or collectible has a reasonable high Values.   You estimate the value of your collection and determine the amount of insurance.  Although an inventory is not always required at the time of application to purchase insurance.  Bernard Fleischer & Sons, Inc, strongly recommends its customers maintain an inventory to streamline, provide proof, and expedite claims in the event of a loss.
  4. Insurance Myth: Insuring my collection will cost me a fortune.
    The FACTS: A Fine Art/collectibles policy is typically less costly than scheduling items on your homeowner’s insurance.  Call us today to get a quote for your prized collection.

Title Insurance for Art Photographs and objects of value

Professional and Collector get what they want, the Insurance of Good title, but what they lack, is the Authenticity of the Valuable object.

Were you once the proud owner, and then it went missing?
With theft an increasing risk in the art world, it has become easier to unknowingly buy stolen artwork or valuables, even if you check the stolen Art register websites.
Just imagine the nightmare of a collector and fellow enthusiast sitting down to dinner, and there the painting or the Victorian candlesticks on the table that was previously stolen from their home?
By law, the new owner has no right to the item and has to return it. He will be out of pocket for the amount that was paid. In such events, defective title cover will cover the unaware owner up to the specified sum insured.
Some of the William Kentridge works that were recently stolen would give rise to defective title cover towards the new owners purchasing them.
Forgery
Forgery remains prevalent. Last month five people in Chicago were indicted for forging and selling prints by a range of major artists including Dali, Lichtenstein, Warhol, and Haring.
Read all about it!
Presently, Aris Insurance Company has begun a new Insurance program that will Guarantee the Authenticity, the works are original and actual made by “the Artist”.

They will work with the production of dead and alive Artist. Usually, they will develop an arrangement where a certificate of Authenticity would accompany the art.  This way moving forward and through history. Unlike many Foundations, who have the final say if it is real, actually made by the artist.

Recent Success Stories

Recently, I received an email from a new Art Gallery in Texas.  She and the partner have been in the prereferral part of the art business.  Their experiences were in promotion and advertisement of Artist.  A few years past, they had an opportunity to open a pop-up gallery selling prints, Paintings and non-fragile sculptures in a busy section of Galveston.  They were at the stage of having the first show in a permanent location; this is when, they turned to me, for their Art Insurance needs.  I was able to secure a great Fine Art Insurance policy for $1,300.  This covered $50,000 on location, unnamed locations and $20,000 transit.

So I rode into the sunset feeling good about the terms, cost and turnaround time, for my new client.

Call me Anytime 212 566-1881 ext 111 for ART Gallery Insurance

www.artInsuranceNow.com for applications

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