I think instead of looking at specific objects to cover (updating values
every year can be difficult, and a pain), take a look at what you think it
might cost you to recover from a disaster (you ought to have a disaster
plan).

A total loss of collections is a rarity--more often, you will have damaged
collections that need recovery.  The insurance is not about replacing what
is lost, but fixing what is broken.

Insurers might press you to value and schedule individual artifacts, but
that is costly and generally unnecessary.

I'm sure others will have wisdom to share.

Claudia

-- 
Claudia J. Nicholson
Executive Director
North Star Museum of Boy Scouting and Girl Scouting
2640 E. Seventh Avenue
North St. Paul, MN  55109
651-748-2880
[log in to unmask]

Celebrate the Boy Scout Centennial in 2010 and the Girl Scout Centennial in
2012 with us!
www.NorthStarMuseum.org



On 5/4/09 8:10 AM, "Halley" <[log in to unmask]> wrote:

> We are reevaluating our insurance coverage.  As with many museums, we can not
> afford to cover the entire collection.  How do other institutions handle this
> dilemma?  I know some museum cover the top 10 most valuable collection objects
> while others figure out a percentage to cover.  Can people share with me what
> they do at their own museum?
> 
> Thank you
> 
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