ACC Collector Insurance Program

 

Special Message to the Leadership of Collecting Clubs

How would you like to provide your members with a valuable benefit and earn money for your club or association at the same time?

The Association of Collecting Clubs (ACC) is announcing a major new benefit. Through special arrangements with Association Insurance Administrators (AIA), it is now possible to make the Association of Collecting Clubs (ACC) insurance program the official insurance program of your club.

AIA provides insurance strictly to antique and collectible associations. The policy is underwritten by AXA Art Insurance Corporation, the largest insurer of art and collectibles in the world. Their industry rating is "A" Excellent.

  • You will be provided with insurance brochures with program information, rate schedule and application.
  • The brochure will include your club logo on the front and a personal message from your president.
  • AIA can provide staff to participate at your meetings, conventions or shows as speakers, as an insurance information booth and promotion.
  • AIA is receptive to newsletter articles and advertising relating to insurance issues in club publications.

So, how do you make money? Your club will receive an administrative fee of 5% of the annual premiums to be paid to your organization for the time and services spent in the distribution and promotion of the program.

This specialized club insurance program is tailored to serve collecting clubs and their memberships. This will become your insurance program, offering a major benefit to your members and become a very attractive addition to your membership recruitment & retention package.

About the Insurance

Where can you get $20,000 in coverage for only $50 a year?

Or, how about $125,000 worth for $200 per year?

The Association of Collecting Clubs insurance program was developed strictly with the collector in mind. If you are a collector and have a collection, you need ACC/NAC Collectors' Insurance.

ACC/NAC Insurance is provided through the Association Insurance Administrators, strictly offering insurance policies to antique & collectible associations.

  • No appraisals are required. Only single items over $2,500 need to be listed on the application.
  • For replacement costs, you will be paid the current market retail value of the item at the time of lost. ("Current Market Value" means the amount, at the time of the loss, that it would cost to replace a property with another of similar age, quality, origin, appearance and condition within a reasonable length of time in an appropriate and relevant market.)
  • There is hassle free claim settlement by Association Insurance Administrators' experts.

NOTE: This policy will not cover dealer inventory. If some of your members are also dealers in need of insurance, AIA has a separate dealer insurance program available.

We have all invested untold hours and a lot of money in our collection. Over the years, it has truly become a labor of love for each of us. Like any other major investment, we realize that it should be insured against loss or damage. It has become more difficult and/or expensive to find insurance coverage from our homeowner insurer or other insurance companies. Most require independent appraisals which can be expensive and difficult to obtain. Your club has a responsibility to encourage your members to have their collections insured.

ACC had a booth at the Atlantique City Antiques & Collectibles show in October. In doing an informal survey of show-goers visiting our booth, we found a vast majority of them had no insurance on their collections. We suspect that you will find the same type of response if you were to query your club membership. For more information and a complete chart of insurance rates go to: http://collectors.org/General/Insurance.asp.

This specialized club insurance program is available only to organized clubs, societies, associations or groups. Please let us know if you have any questions. We will be happy to try to answer them and to work with you in providing collector insurance to your members, while also providing a new revenue source for your club.

Still not sure? Remember, this collector insurance program provides a valuable service to your members, it provides a new revenue source to your club, AND the program costs you nothing.

If you would like more information, give us a call so that we may discuss your insurance needs and time frame.

Rick Moses & Larry Krug
Association of Collecting Clubs
301.926.8663





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This page was last modified on: Thursday, January 15, 2004