A competitively priced product for private collectors
With many years of experience insuring private collections, Globe is aware that one size doesn’t fit all. That’s why complete flexibility and ease of use were their priorities when creating AssetGuard.
Globe provide flexible underwriting solutions to individuals or trusts owning collectible items. Their AssetGuard form includes:
- fully comprehensive all risks of physical loss or damage cover, including accidental damage
- automatic cover for new acquisitions up to 25% of collection value
- market appreciation up to 150%
- defective title cover
- fakes and forgeries cover.
- fine art
- guns (excluding gun liability)
- musical instruments
- ski equipment (personal and professional use) n furs
- silverware (personal and professional use)
- golf clubs
- billiard tables/gaming machines
- coin collections/stamp collections
- sports and movie memorabilia
- trainers collections.
Coverage applies anywhere in the world. When clients are on vacation, items such as jewellery and cameras are covered.
Replacement cost coverage
Brit will pay the cost to repair or replace clients’ property, without deduction for depreciation. Their policy insures against theft and accidental direct physical damage to covered property with only a few limitations and exclusions.
Generally, there is no deductible, although deductibles are available if desired.
Capacity: US$10m any one collection/any one location.
Backed by stable and secure syndicate
At Brit they pride themselves on specialist underwriting knowledge for private collectors, and guarantee a 24-hour turnaround on all business submitted.
Brit benefit from Lloyd’s ‘Chain of Security’ and consistently high ratings from A.M. Best, Fitch and Standard and Poor’s.
Online quote and bind platform
AssetGuard can be accessed by Coverholders and retail brokers to enter risk submissions, including collection schedules. The platform has the capability to generate quotes and issue policy documentation instantly. Reporting bordereaux, Management Information, and referrals are also handled within the platform.
Real-time InsureTech claim capabilities
Efficient administration ensures that every claim, large or small, is managed in a timely and sensitive manner to deliver a positive outcome. Their leading claims service consistently outperforms Lloyd’s KPIs and, if required, can utilise a dedicated claims line outsourced to a third-party adjuster local to the claimant. You can be safe in the knowledge that Brit have your clients’ interests at heart.
Additional high valued home owners products
HomeGuard from Brit is a competitively priced product for owners of high value homes. With five levels of protection, graduating from ‘Standard’ to ‘Exceptional’, cover can be tailored to a client’s precise requirements.
Minimum value: $500,000 dwelling value in the US and the Caribbean.
Capacity: US$25m any one risk, $1m Personal Liability and $25,000 medical payments coverage.
Brit pride themselves on underwriting and claims excellence; using the latest tools and a disciplined approach, they have a long track record of strong performance. Should the worst happen, their claims professionals are committed to helping those affected not only to move on from the incident, but to move forward.
Working in partnership with brokers and clients, their expertise makes them a market of choice in all their distribution channels. Brit are committed to building enduring relationships and earning the confidence of their partners. With innovation at the heart of their business, they constantly look for ways to deliver the ongoing value that helps customers thrive in a changing world.