Worth a lot more than two cents.

Good post Mark.


On Apr 6, 2007, at 4:55 PM, Mark Janzen wrote:

> Courtney,
>
> For my two cents...
>
> Normally our loans are governed by somewhat standard insurance  
> language.
> All loans are covered by our wall-to-wall policy, which is the  
> limit of a
> claimant's ability to recover any loss.
>
> I have never worked a case where someone was claiming a loss in  
> overall
> value. I would think such a claim would be very difficult to  
> substantiate
> without pre and post damage appraisals, and a clear idea of the  
> cause. It
> is also not part of our loan language.
>
> We would normally pay for conservation costs to repair damaged  
> work, within
> the normal exclusions of our policy. I do not think there would  
> ever be a
> reason to pay for both. Or I should say I do not think our  
> insurance would
> even consider paying for both.
>
> I would say make sure you ask your insurance rep that question too.
>
> Good luck.
>
> Mark Janzen
> Registrar/Collections Manager
> Edwin A. Ulrich Museum of Art
> Martin H. Bush Outdoor Sculpture Collection
> Wichita State University
> (316)978-5850
>
>
>
>              Courtney
>              <courtneykeel@HOT
>               
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> Subject
>                                        Compensation for artifact  
> damage
>
>              04/06/2007 01:21
>              PM
>
>
>              Please respond to
>              Museum discussion
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>
>
>
>
>
> We are in the process of updating our incoming loan forms and I was
> wondering what other museums include regarding damage to an  
> artifact.  If
> an
> artifact is damaged does the museum pay for conservation costs or
> compensate the lender for the loss in value? Or both? Any  
> suggestions you
> could give would be most helpful.
>
>
>
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