Only if you can establish good values for all of the objects in your
collection, and keep them current.
And what are the chances that you could (or would have to) totally replace
your collection? The chances are instead that you would suffer a partial
loss and would have to use the insurance proceeds for disaster recovery.
THAT is the cost that you should probably be looking at.
And won't insurance on 100% of the value of your collection be prohibitively
expensive?
Just my 2 cents.
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 12/19/07 10:36 AM, "Jill Chancey" <[log in to unmask]> wrote:
> We are in the process of re-evaluating our insurance coverage here.
> Right now we only cover a percentage of our collection's total value,
> and some Board members are wondering if we should cover 100% of the
> value. What is the standard practice for insuring collections in an art
> museum?
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