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Applying fine art endorsements. There is no set definition of what constitutes fine art, but generally it is defined as a genuine work with some historic or artistic significance. (Photo: Shutterstock)

The world is full of beautiful things: paintings, sculpture, glass works, textiles, figurines, jewelry and other items. Many people collect such things, which are often known as fine arts. However, the category is not as straightforward as it seems. Is the china a bride receives for her wedding a fine art that should be scheduled on the homeowners policy? What about baseball cards? Are they fine arts or collectibles, and should they be added to a homeowners schedule?

There is no set definition of what is a fine art, and that adds to the confusion. The Scheduled Personal Property Endorsement, HO 04 61, does not define fine arts, leaving the category open for anything that does not fall into the jewelry, furs, cameras, musical instruments, silverware, golfer’s equipment, postage stamps and rare and current coins. Does everything have to be separately scheduled, or will some things be covered under personal property? Fine arts always generate a lot of questions and even disagreements between underwriters.

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Christine G. Barlow, CPCU

Christine G. Barlow, CPCU, is Managing Editor of FC&S Expert Coverage Interpretation, a division of National Underwriter Company and ALM. Christine has over twenty-five years’ experience in the insurance industry, beginning as a claims adjuster then working as an underwriter and underwriting supervisor handling personal lines. Before joining FC&S, Christine worked as an Underwriting Supervisor for Maryland Auto Insurance Fund, and as Senior Underwriter/Underwriter for companies Montgomery Mutual, Old American, Charter Group, and Nationwide. The publications Christine has written or edited include Personal Lines Unlocked: The Key to Personal Lines Underwriting, Personal Lines Endorsements Coverage Guide, Commercial Flood Insurance Coverage Guide, Personal Flood Insurance Coverage Guide, Homeowners Personal Lines Coverage Guide 5th Edition, Personal Umbrella Coverage Guide 2nd Edition, and Condominium Coverage Guide 2nd Edition, all published by the National Underwriter Company. Christine regularly writes for Claims Magazine and National Underwriter Magazine. Christine regularly presents and moderates webinars on a variety of topics and is an experienced presenter. Christine graduated cum laude from Towson University, Maryland, with a degree in Sociology/Psychology with a concentration in Gerontology.

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