Fine Art
STATE OF FLORIDA
FINE ART INSURANCE PROGRAM
This insurance is purchased and administered by the Department of Management Services, Division of State Purchasing. The outline of coverage shown below is provided as an overview; please refer to the insurance policy for specific information. All questions relating to this policy should be directed to State Purchasing at (850) 487-0417 or Suncom 277-0417.
DESCRIPTION OF ELIGIBLE PROPERTY:
Unique fine arts on loan or owned by the state including:
- Museum Collections
- Fine Art
- Murals
- Stained Glass
- Sculptures
(Indicate whether the property is indoors or outdoors.)
DESCRIPTION OF COVERAGE:
All risk of direct physical loss/damage to insured property.
LIMIT OF INSURANCE:
As per schedule on file, or:
Indoor:
|
At a named risk-location |
$2,000,000 ANY ONE LOSS |
|
At an unnamed risk-location |
$2,000,000 ANY ONE LOSS |
|
While in transit |
$2,000,000 ANY ONE LOSS |
|
Legal liability |
$2,000,000 ANY ONE LOSS |
Outdoor:
|
At a named risk-location |
$4,302,000 ANY ONE LOSS |
|
At an unnamed risk-location |
$750,000 ANY ONE LOSS |
|
While in transit |
$750,000 ANY ONE LOSS |
|
Legal liability |
$4,302,000 ANY ONE LOSS |
DEDUCTIBLE:
None.
VALUATION:
Refer to the policy for specific information, which may include:
Current market value, or amounts agreed upon by the insured.
PARTIAL LOSS:
Depreciation (if any) after restoration, up to the value of the property.
RATE:
Various rates from $0.15 to $0.24 per $100 of the insured value.
TERRITORIAL LIMITATIONS:
Worldwide, with respect to transits and unnamed locations.
|
Insurance Application .doc (msword 44.50 kB)
|
|
Insurance Claim Form (pdf 110.83 kB)
|
