Dear Ruth - I would be very interested in your findings. We have been advised differently from different perspectives. Our insurance carrier would love to know the aggregate value of our collection, but logic and accountants caution against a collections-wide appraisal (which would also be immensely expensive).
Since we are a department of an educational institution - much like many colleges and universities, but one of only two in the U.S. that are of high schools - there is always the risk of attempts to monetize. We've never had a problem from our carrier when insuring loaned objects (door-to-door), so I'm grateful for that.
On the other hand, our deductible is very high - $10,000.
My very best to you in this quest! Vivian
Vivian F. Zoë, Director
Slater Memorial Museum
108 Crescent Street, Norwich CT 06360
860-425-5560 vox
860-885-0379 fax
"Inspiration is for amateurs - the rest of us just show up and get to work," Chuck Close, 2003
Please note: The information contained in this e-mail and any attachments hereto is intended only for the personal and confidential use of the designated recipients. If the reader/recipient of this message is not the intended recipient, you are hereby notified that you have received this e-mail and all attachments hereto in error and that any review, dissemination, distribution or copying of this e-mail or any of its attachments is strictly prohibited. If you have received this communication in error, please notify the sender immediately by e-mail and destroy the original message received. Thank You. I am interested in collecting some data on fine arts insurance. Some sample questions: limits as a percentage of total value, deductibles, exclusions, transit coverage types, etc . I would be happy to collect data confidentially and then circulate to those who wish to collaborate. Or if a resource already exists with current data, I would greatly appreciate recommendations. Please email me at rtaylorkidd@folger.edu. Many thanks.
Ruth Taylor Kidd
Chief Financial Officer
Folger Shakespeare Library
Office: 202-675-0389
Mobile: 703-725-8482
RTaylorKidd@Folger.edu