{"id":202,"date":"2014-05-02T13:40:34","date_gmt":"2014-05-02T17:40:34","guid":{"rendered":"http:\/\/artinsurancenow.com\/blog\/?p=202"},"modified":"2018-04-13T16:53:48","modified_gmt":"2018-04-13T20:53:48","slug":"art-evaluations-formulas-you-might-see-in-a-art-collection-policy","status":"publish","type":"post","link":"https:\/\/www.artinsurancenow.com\/blog\/art-evaluations-formulas-you-might-see-in-a-art-collection-policy\/","title":{"rendered":"Art Evaluation formulas you might see in an Art Collection Policy"},"content":{"rendered":"

<\/p>\n

<\/p>\n

Here are most of the current options found in an Art Collectors Insurance policy<\/a><\/strong><\/p>\n

1. Stated Amount based on an appraisal.<\/strong>
\n2. Market value or appraised value whichever is less.<\/strong>
\n3. Market value or appraised value. Maximum value 1.5% of appraisal value.<\/strong>
\n4. Market value \u2013 Onus of proof ( insured to prove value) up to policy limit.<\/strong>
\n5. Unscheduled Items: can be based on maximum value per item \u2013Maximum Blanket limit- Onus of proof for valuation<\/strong>
\n6. Newly Acquired Property their cash value, but not more than 25% on similar type of policy.<\/strong>
\n7. Newly Acquired Property the lesser of 25% on similar type on policy or $10,000.<\/strong>
\n8. The cost of reasonably restoring that property to it condition immediately before the loss<\/strong>
\n9. The cost of replacing that property with a substantially identical property.<\/strong>
\n10. Property of Others in your Care, Custody, and control Maximum, based on the agreed amount prior to Loss 25% of Policy Limit, <\/strong>
\n11. Jointly Owned Property, value as stated in an agreement with the co-owner(s) up to the amount of your interest.<\/strong>
\n12. A loss to your Art Reference library, including books, catalogs and “data and Media” Settled at Actual Cash Value.<\/strong><\/p>\n

William
\nWilliam G. Fleischer, CIC
\nPresident
\n29 Broadway, Suite 1511
\nNew York NY 10006
\n212 566-1881 ext 111
\nwfleischer@bfbond.com
\nwww.BFbond.com<\/a>
\nwww.ArtInsuranceNow.com<\/a><\/p>\n

APPLICATIONS:<\/h3>\n

\u2022 Art Dealers<\/a>
\n\u2022 Artist Transit\/Exhibition\/Studio Insurance New Program<\/em><\/a>
\n\u2022 Auctioneers<\/a>
\n\u2022 Conservators\/Restorers<\/a>
\n\u2022 Corporate Collections<\/a>
\n\u2022 Personal Collections<\/a>
\n\u2022 Exhibitions<\/a>
\n\u2022 Museum Collections<\/a>
\n\u2022 Business Owners Liability<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Here are most of the current options found in an Art Collectors Insurance policy 1. Stated Amount based on an appraisal. 2. Market value or appraised value whichever is less. 3. Market value or appraised value. Maximum value 1.5% of appraisal value. 4. Market value \u2013 Onus of proof ( insured to prove value) up … Continue reading Art Evaluation formulas you might see in an Art Collection Policy<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[71,15,80,5,7,23,9,38,26,24,30,1],"tags":[111],"yoast_head":"\nArt Evaluation formulas you might see in an Art Collection Policy - Protecting Art Nationwide | Art Insurance for Artists, Galleries & Collectors from New York to California<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.artinsurancenow.com\/blog\/art-evaluations-formulas-you-might-see-in-a-art-collection-policy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Art Evaluation formulas you might see in an Art Collection Policy - Protecting Art Nationwide | Art Insurance for Artists, Galleries & Collectors from New York to California\" \/>\n<meta property=\"og:description\" content=\"Here are most of the current options found in an Art Collectors Insurance policy 1. 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