Fine Arts And Antiques Insurance

Definition of "Fine arts and antiques insurance"

James  Namvar real estate agent

Written by

James Namvarelite badge icon

Weichert Realtors Hallmark Properties

Coverage for paintings, pictures, etchings, tapestries, art glass windows, antique furniture, coin collections, and stamp collections owned by individuals and businesses. These works are not covered if owned by dealers or auction firms. Protection is on an all risks basis subject to exclusions of damage from ordinary breakage, wear and tear, war, and nuclear disaster. Each item must be specifically listed and valued in the policy.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

An exception to section 101 (a) (1) OF THE INTERNAL REVENUE CODE tax-exempt Status Of the DEATH BENEFIT in a life insurance policy where the transfer of the interest in the policy by the ...

Same as term Ceding Company: insurance company that transfers a risk to a reinsurance company. ...

The right to purchase insurance without physical examination; the present and past physical condition of the applicant are not considered. ...

Difference between the yield on earning assets and the cost of interest-bearing liabilities. ...

Federal agency that regulates commerce across state lines. The ICC does not oversee insurance, which is subject to regulation by the states according to Public Law 15, McCarran-Ferguson ...

Physical contact of an automobile with another inanimate object resulting in damage to the insured car. Insurance coverage is available to provide protection against this occurrence. ...

Provision in ocean marine cargo policies to limit an insurance company's liability for partial losses; the company has liability only for losses that exceed a stipulated percentage of the ...

Arrangement by which the insured agrees to incur a given degree of variability in the ultimate total costs associated with financing its losses. ...

Part of an ocean marine policy that provides coverage of goods through all of the stages of a journey. Coverage begins when goods leave the warehouse of a shipper, and continues until they ...

Popular Insurance Questions