What would you do in case of a major loss?   Close the museum?   What about
damage that could be repaired, but would be costly?   Just toss the object?

Insurance does not necessarily cover the replacement of one object with an
identical object.   It also allows you to replace the object with something
of similar value (especially to your mission) that allows you to continue to
serve your community.   In the case of an archaeological collection, for
example, you might want to use the funds to pay for the cost of a new
(scientific) excavation that might result in similar material.

janice

Janice Klein
Director, Mitchell Museum of the American Indian
[log in to unmask]
www.mitchellmuseum.org

-----Original Message-----
From: Museum discussion list [mailto:[log in to unmask]]On
Behalf Of Andy Dickes
Sent: Tuesday, March 22, 2005 12:43 PM
To: [log in to unmask]
Subject: Insuring Artifacts...


Hello all-

I work at a museum that has about 5,000 artifacts.  I am relatively new
here, and in the past the museum has peen paying an insurance premium to
cover the estimated worth of the collection.  This does not make sense to
me, since we can't buy back the artifacts if something happens.  What do
other museums do in terms of insurance for artifacts?  Do most have some
sort of insurance, but not necessarily for the entire worth of the
collection, or do most just figure it's not worth it at all?

Thanks in advance-

Andy

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