FINE ART, JEWELRY, ANTIQUES & COLLECTIBLES
If you have expended a significant amount of money on luxury items such as fine art, jewelry, antiques, furs, fine wines or other treasured items, or if you are an avid collector of sports memorabilia, rare books, stamps or coins, then you should have proper insurance to protect those items in case they are damaged.
Large private collections typically have fine-art insurance covering the full value of the items in the collection, however, many smaller collections (with values less than $1 million) may be insured through a traditional homeowner's policy or, in the worst case scenario, may not be insured at all. If these collections are damaged, the owners may find that they have insufficient coverage to fully address their financial loss.
Whether you have a traditional homeowner's policy or a fine art and collectible insurance policy, the valuation of covered items will be a critical factor when it comes to making a claim. Homeowners policies tend to insure for actual cash value while collectibles policies insure the full value of the items in the collection. This distinction alone can result in a significant difference in valuation. In addition to this distinction, there are also limitations found in a traditional homeowner's policy that would typically not be included in a fine art and collectible insurance policy. And if you are relying on your homeowner's policy to cover your personal valuables, you could fall short of replacement value. These policies generally cover your possessions up to 50% of your total coverage but also place limits on specific kinds of items, such as jewelry. Other types of items, such as silverware, firearms, coins, stamps and furs, may also include reimbursement limits. These are critical distinctions that you should be aware of in ensuring you have proper protection.
Understanding the difference in coverage and knowing what you are entitled to will give you a critical edge in maximizing the value of your claim. At HL Law Group, we have the experience and background as well as industry connections to art valuation experts who provide us with the information we need to properly value your loss and work to obtain full coverage under your policy. Whatever your treasured possession, be it fine art in a personal collection or a gallery collection held for commercial use, we can assist you in ensuring that you receive the coverage you are entitled to and deserve, pursuant to the insurance policy you have.
Having industry-specific knowledge when it comes to fine art, collectibles and other luxury items, along with an understanding of the terms and conditions of your fine art and collectible insurance policy, gives you an advantage. Let HL Law Group be an added layer of protection for the valuable luxury items you treasure. More than a law firm, we are a legal resource for our clients.
OTHER INSURANCE CLAIMS
Having commercial property insurance coverage for your business is critical. HL Law Group is proud to have developed a reputation for efficiently resolving complex commercial insurance matters. We have the experience to handle any commercial insurance claim you encounter.
HL Law Group understands the provisions being referenced in the letters from your insurance company that describe the coverage you have or denying you for coverage. We can help to equal the playing field and give you the information you need to understand your rights and obligations under the policy.
CARGO & SHIPPING
HL Law Group has the experience to represent large commercial shipping, distribution or logistics companies for whom the shipment of goods is an integral part of their business. If you experience damage to goods shipped for your business, large or small, straightforward or complex, we can help.
LUXURY & COMMERCIAL TRANSPORTATION
Our attorneys can act as counsel for commercial transportation carriers seeking compensation for property damage, whether in litigation or pre-suit through alternative dispute resolution, and we can represent you in cases ranging from complex, catastrophic losses to small property damage claims.
INSURANCE BAD FAITH
If you have a valid insurance claim and you feel that the insurance company has treated you unfairly, then you may be entitled to recover for your claim as well as the additional damages resulting from the insurance carrier's bad-faith actions.
ERRORS & OMISSIONS
HL Law Group is proud to have developed a reputation for handling complex E&O insurance matters, whether the loss results from professional services rendered or occurs during the course of commercial relations.
Whether you have a standard Business Interruption policy, or a non-standard Event Cancellation policy, you must understand the terms of your policy so that you can determine the scope of coverage provided. HL Law Group has the experience to handle any business interruption insurance claim or event cancellation claim you may encounter.