Distinguished Programs, a prominent insurance program manager, has announced a substantial expansion of its Fine Art and Collectibles program.
Effective January 1, 2024, pending state filing approvals, the program will now provide an impressive $100 million capacity limit for single risks in the United States.
This significant increase in capacity is designed to address existing gaps in coverage options and aims to deliver even greater financial protection for clients.
The program offers a high degree of flexibility, accommodating both primary and excess risk coverage to ensure tailored solutions that meet diverse needs.
Patrick Drummond, President of the Fine Art & Collectibles group at Distinguished, emphasised the company’s commitment to providing a hassle-free solution for insuring fine art and collectibles.
He stated, “This expanded $100 million capacity reinforces our pledge to assist agents and brokers in delivering expertise and exceptional service, ensuring their clients enjoy true peace of mind.”
Distinguished’s Fine Art & Collectibles program boasts a broad appetite for risk, covering sectors such as museums, corporate collections, dealers, private collectors, artist foundations, and more.
Clients can anticipate a range of benefits, including flexible payment options, seamless claims handling, and expert advice on collection management best practices.
Currently available in 48 states, Distinguished has plans to extend coverage to all 50 states pending regulatory approval.
