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

Direct payment to a new custodian for a retirement plan. This payment is not a taxable event since it is not a distribution. The payment must be between like plans; for example, one ...

Same as term Commutation Right: right of a beneficiary of a life insurance policy to exchange the future installments due that beneficiary for a lump sum distribution. ...

Type of flexible spending account. ...

Language in the insurance policy that can be considered unclear or subject to different interpretations. Under these circumstances, the courts have generally ruled in favor of insured ...

Publication stipulating underwriting rules applicable for a given line of insurance, classifications of exposures within that line of insurance, and premium rates per classification. For ...

Plan in which funds are currently allocated to purchase retirement benefits. An employee is thus assured of receiving retirement payments, even if the employer is no longer in business at ...

Sum total of all assets owned by the decedent to include personal property, real property, and trust property. ...

Bulletin issued June, 1993, with disclosure requirements that strongly suggest that insurance companies establish reserves or add to current reserves for asbestos and environmental risks to ...

Insurance company whose corporate charter and bylaws prevent assessment of its policyowners, regardless of how adverse its loss and expense experience may become. ...

Popular Insurance Questions