Insurance Program Manager, Distinguished Programs, Raises the Bar in Fine Art and Collectibles Coverage, Offering Tailored Solutions and Expanded Financial Security”
Distinguished Programs, a renowned insurance program manager, is making waves in the insurance industry by expanding its Fine Art and Collectibles program to include an impressive $100 million capacity limit for single risks in the United States. This significant enhancement, pending state filing approvals and effective from January 1, 2024, addresses a crucial gap in current limit options, offering clients unprecedented financial protection. The expansion showcases Distinguished’s commitment to delivering hassle-free solutions for insuring fine art and collectibles.
The expanded capacity of $100 million not only provides clients with greater financial security but also demonstrates Distinguished’s dedication to offering tailored solutions for diverse needs. The Fine Art and Collectibles program now accommodates both primary and excess risk coverage, ensuring flexibility in coverage and peace of mind for clients. Patrick Drummond, President of the Fine Art & Collectibles group at Distinguished, emphasized the company’s commitment to assisting agents and brokers in delivering expertise and exceptional service.
Distinguished’s broad appetite for Fine Art & Collectible risk spans various sectors, including museums, corporate collections, dealers, private collectors, artist foundations, and more. Clients can anticipate a comprehensive range of benefits, such as flexible payment options, seamless claims handling, and expert advice on collection management best practices.
Currently available in 48 states, Distinguished Programs plans to extend its Fine Art & Collectibles program coverage to all 50 states, pending regulatory approval. Brokers are encouraged to submit business and can conveniently check state availability on the Distinguished website [https://distinguished.com/specialized-insurance-programs/art-and-collectible-insurance/].
Distinguished Programs is a leading national insurance program manager with a diverse portfolio of specialized insurance programs. Their expertise includes Environmental & Construction Professional, Fine Art and Collectibles, Executive Lines, Inland Marine, Real Estate & Builder’s Risk, Community Associations, Hotels, and Restaurants. The distribution of property and liability products is facilitated through a national network of agents and brokers.
Distinguished Programs’ recent expansion of its Fine Art and Collectibles program to a $100 million capacity limit reinforces the company’s commitment to providing exceptional coverage and service. As the insurance landscape evolves, Distinguished continues to foster growth and opportunities for its brokers, carriers, and employees through thoughtful innovation since its inception in 1995.
Drummond stated, “Our commitment is to offer a hassle-free solution for insuring fine art and collectibles. This expanded $100 million capacity reinforces our pledge to assist agents and brokers in delivering expertise and exceptional service, ensuring their clients enjoy true peace of mind.”Patrick Drummond, President of the Fine Art & Collectibles group