Insurance can be a very grey area when you try to value a piece of
lace. It's worth what someone will pay for it and that's how insurance
companies make their valuations.
In UK Lace Guild members can get insurance through the Guild. I'm not
fully in touch with the current situation but I do know that a few
years ago there were a couple of claims made for pieces that went
missing during transport to/from exhibitions; different occasions,
different makers but both superb examples of modern lace. The big
problem was fixing the monetary value of the lost items. One of the
owners claimed that it had taken her 2000+ hours to make (if I remember
correctly) and expected her compensation to reflect that, the other
person was more stoic about it and took the stance of 'Oh well if it's
gone, then it's gone' and accepted a couple of hundred pounds (GBP).
Brenda
On 3 Sep 2005, at 03:33, [EMAIL PROTECTED] wrote:
In a message dated 9/2/2005 8:20:39 PM Mountain Daylight Time,
[EMAIL PROTECTED] writes:
is something to think about. I think everyone would rest easier if the
contest entries were covered by insurance. Someone should be asking:
"Does
IOLI
have an insurance policy that would cover such an international trip
for
valuable laces?"
That's a good point. Since I have worked with the insurance industry,
though,
I think it might be difficult to establish suitable limits to cover the
items, coming as they will from an indeterminate number of various
makers, each of
whom, no doubt, considers her/his entry as beyond replacement value, as
well....Jeri's point leads me to I wonder, does anyone know if
something comparable
has ever been addressed at former conventions, and, if so, how? It
would be
easier for each person who was concerned about potential loss to
insure the
entry individually, although less satisfactory, obviously, from the
institutional
(and possibly financial) standpoint............
Regards,
Ricki
Utah
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Brenda
http://paternoster.orpheusweb.co.uk/
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