Collision of Fine Arts
May 3, 2012
The insured has wine goblets and wine glasses scheduled under the HO 04 61 04 91, Scheduled Personal Property Endorsement. During a dinner party, one of the glasses being used was chipped when a toast was made and the glasses were struck together. The insured is alleging that there is coverage for the damage under collision for fine arts; however, we disagree. Would you please provide your thoughts?
New York Subscriber
Collision is often considered to be an impact with an object; Merriam Webster Online defines it as an act or instance of colliding : clash. “Colliding” is defined as to come together with solid or direct impact. That's exactly what happened with the wine glasses; they came together with direct impact. The loss is covered.
This premium content is locked for FC&S Coverage Interpretation Subscribers
Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.
- Quality content from industry experts with over 60 years insurance experience, combined
- Customizable alerts of changes in relevant policies and trends
- Search and navigate Q&As to find answers to your specific questions
- Filter by article, discussion, analysis and more to find the exact information you’re looking for
- Continually updated to bring you the latest reports, trending topics, and coverage analysis
Already have an account? Sign In Now
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected]