Museum collections, incoming- and outgoing loans
Museum collections, incoming- and outgoing loans
Museum collections
For insuring museum collections, incoming- and outgoing loans tailor-made policy conditions are required. The number of specialized insurers and brokers is relatively limited.
The policy conditions of insurers that are not specialised in insuring these matters are far from sufficient. In case of loss or damage this can lead to disappointment.
In line with the applicable insufficient policy conditions the premium level is almost always too high.
I analyse the realistic insurance need and assess whether the current insurance supplies the required coverage.
If required I advise which insurers or brokers are specialized in this matter.
Museum collections
For insuring museum collections, incoming- and outgoing loans tailor-made policy conditions are required. The number of specialized insurers and brokers is relatively limited.
The policy conditions of insurers that are not specialised in insuring these matters are far from sufficient. In case of loss or damage this can lead to disappointment.
In line with the applicable insufficient policy conditions the premium level is almost always too high.
I analyse the realistic insurance need and assess whether the current insurance supplies the required coverage.
If required I advise which insurers or brokers are specialized in this matter.
Outgoing loans
When the borrower takes care of the insurance of the loan the question is whether the coverage that insurance offers, meets lender’s requirements. When a State Indemnity Scheme is applicable (too) answering that question is even much more difficult.
I analyse whether borrower’s insurance, the applicable State Indemnity Scheme, or the combination of both, meets lender’s requirements.
Outgoing loans
When the borrower takes care of the insurance of the loan the question is whether the coverage that insurance offers, meets lender’s requirements. When a State Indemnity Scheme is applicable (too) answering that question is even much more difficult.
I analyse whether borrower’s insurance, the applicable State Indemnity Scheme, or the combination of both, meets lender’s requirements.
