Fine Art Dealers Insurance
Coverage for works of art, antiques, and similar articles of value on all risks basis, subject to exclusion of wear and tear, war, breakage, repairing, infidelity of the insured's employees, and mysterious disappearance. Fine Arts Insurance Policies are written on a scheduled basis with damaged or destroyed items being indemnified on a valued basis. The same type of coverage for fine arts is available through a Fine Arts Endorsement for a special multiperil insurance (SMP) policy.
Popular Insurance Terms
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Modification in premiums, reserves, and other values to reflect actual loss experience and expenses and expected benefits to be paid. ...
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Standards set by the various state regulatory authorities that determine how financial statements must be prepared for regulators. The states are responsible for making certain that ...
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