The MiniCo Collectibles Insurance program now includes blanket all-risk coverage for jewelry and watches up to $250,000 as well as a direct-to-consumer quoting capability.
MiniCo Insurance Agency, in collaboration with fine art insurance specialist AXA ART Americas Corporation, has broadened its collectibles insurance program to offer expanded coverage of up to $250,000 in jewelry and watches. The enhanced offering represents a significant expansion to the MiniCo Collectibles Insurance program, which was launched in 2011.
Specific items eligible for coverage include antique and designer gemstones, pearls, bracelets, charms, earrings, necklaces, pendants, and rings and watches comprised of silver, gold, platinum and/or other precious metals or alloys. Watches include vintage, collectible and everyday time pieces worn on the wrist, as a necklace or in a pocket. Under this program, mysterious disappearance is an included risk, and coverage travels with the policyholder worldwide. No appraisal is required at application for pieces valued less than $50,000, and a no deductible option is also available.
In conjunction with this coverage enhancement, MiniCo has added a direct-to-consumer quoting portal to its website. Independent insurance agents as well as individual collectors may request premium quotations online at www.minico.com/collectibles-insurance.
MiniCo Collectibles Insurance is offered nationwide in partnership with fine art insurance specialist AXA ART Americas, which offers tailor-made coverage solutions for private and corporate collections, museums, galleries and artists. AXA Insurance Company, which has been assigned a rating of "A" (Excellent) by A.M. Best, underwrites the specialty policies.
Jim Henry, MiniCo’s Chief Underwriting Officer, said, "Coverage for jewelry and watches has been requested by numerous independent insurance agents and individual collectors since the launch of the MiniCo Collectibles Insurance program." He continued, "The demand for this category of coverage is considerable, and we are excited to make it available through a carrier with an A.M. Best ‘A' rating."
MiniCo President and CEO Mike Schofield commented, "This expansion of the fine art and collectibles insurance program includes valuable benefits and ease of use for collectors, and provides enhanced opportunities for independent insurance agents to offer the coverage to their personal lines clients."
"From watches to bracelets to precious gems, jewelry and watches have represented family heirlooms, served as personal adornment, and comprised part of clients’ private assets," remarked Robert Pittinger, AXA ART Americas Corporation Senior Vice President, Director of Underwriting. He continued, "AXA ART recognizes the significance of jewelry and watches to collectors and is pleased to work with MiniCo to offer solutions to protect these valuable objects to be enjoyed well into the future."About MiniCo Insurance Agency, LLC
MiniCo Insurance Agency, LLC, was founded in 1974 as a provider of specialty insurance products and publications for the self-storage industry. Today the company is a program administrator offering multiple specialty property and casualty insurance products for a variety of unique industries and exposures. MiniCo Insurance Agency, LLC, the parent company of MiniCo Insurance Agency of Canada, Incorporated, is a member of the Aran Insurance Services Group. For more information, please visit www.minico.com.About AXA ART
International reach, unrivaled competence and a high-quality network of expert partners distinguish AXA ART, the only art insurance specialist in the world, from its generalist property insurance competitors. Over the past 50 years and well into the future, AXA ART has and will continue to redefine the manner in which it serves and services its museum, gallery, collector and artist clients across the Americas, Asia and Europe with a sincere consideration of the way valuable objects are insured and cultural patrimony in protected. For more information, please visit www.axa-art-usa.com.
MiniCo Insurance Agency
AXA ART Americas