Distinguished Programs expands fine art and collectibles program capacity
Distinguished Programs , an insurance program manager, has announced an increase in its Fine Art & Collectibles program capacity to $125 million for single risks in the US. This expansion from the current $100 million capacity highlights Distinguished’s dedication to offering brokers and their clients enhanced coverage options to meet evolving market demands.
The expanded capacity addresses a market need for higher limits, offering clients increased financial protection. The program provides flexibility by accommodating both primary and excess risk coverage, enabling brokers to deliver tailored solutions for diverse client needs.
“Our goal is to make insuring fine art and collectibles super easy,” said Patrick Drummond, President of the Fine Art & Collectibles group at Distinguished. “Increasing our capacity to $125M will allow us to broaden our appetite for fine art and collectibles while offering brokers much needed admitted capacity, on both a primary and excess basis.”
Distinguished’s broad appetite for Fine Art & Collectible risk encompasses sectors such as private collections, corporate collections, museums, art dealers, artist foundations, and more. Clients can expect a range of benefits, including direct bill options, seamless claims handling, and expert advice on collection management best practices.
Distinguished’s Fine Art & Collectibles program is currently available in all 50 states.