The National Corvette Museum's insurance agent is happy with how coverage was placed and says there are no coverage concerns regarding the sinkhole that claimed eight classic vehicles on the morning of Feb. 12.
Phyllis Milliner, client services manager and claims manager, and Michelle Montgomery, director of quality control, both with Bowling Green, Kentucky-based Van Meter Insurance Group, which placed the account, say the museum is covered under a broad Chubb Insurance Group commercial-property policy, with a collection endorsement to cover the vehicles themselves.
"We had tailored coverage to fit the needs of the museum," Montgomery says, noting that a standard policy without the endorsement would have left the damaged vehicles without coverage.
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