EFTA00621840.pdf

Wells Fargo Influence Services USA, Inc. }:L LS MST/RANCE 330 Madison Avenue FARGO 7th Floor New York, NY 100176001 Tel: 212 682 7500 April 17, 2013 Mrs. Debra Black 760 Park Avenue New York, NY 10021 RE: Jewelry Insurance Dear Debra: Enclosed please find Fireman's Fund Insurance Company policy #MIF2340912A renewing the jewelry insurance for a further period of one year from April 20, 2013. Also attached is our invoice in the amount of $89,351 representing the annual premium. The policy covers against the usual "all risks" terms and conditions on specifically listed jewelry items totaling $12,764,371 ($12,264,371 plus the $500,000 blanket - $50,000 any one item). Although the coverage is worldwide, notified the Company that some of the jewelry items are primarily kept in a safe deposit box at theM. Morgan Chase Bank, 35 East 72nd Street, New York, New York. Have you ever had the jewelry appraised and, if so, kindly send me copies of the appraisals. Please review the schedule of items insured and advise if any changes are necessary, such as additions, deletions or increases in value. Is it possible for you to mark on the duplicate copy of the schedule which items are normally kept in the safe deposit box. I trust all will be found in order and remain, Sincerely, Jeffrey A. Haber JAH:ya End. far EFTA00621840  *MI" Firematts Fund Scheduled Valuable Possessions Policy Declarations Policy Number Effective Date Company MT 02340912 - A 04/20/2013 The American Insurance Company Named Insured Your Agent Is LEON BLACK WELLS FARGO INS SVCS USA INC DEBRA BLACK 330 MADISON AVE 7TH FL 190 THE NARROWS NEW YORK NY 10017 BEDFORD HILLS NY 10507 31-576-750 (09) (800)982-2125 Policy Period Your policy begins on 04/20/2013 at 12:01 AM Standard Time and expires on 04/20/2014 at 12:01 AM Standard Time. Your Covered Property The valuable possessions of the named insured are at the following location(s): 190 THE NARROWS BEDFORD HILLS NY 10507 Scheduled Valuable Possessions Limits of Liability Premium JEWELRY S12,764,371 $89,351.00 Total Policy Premium $89,351.00 Your total premium reflects the following credits: Forms & Endorsements Endorsement No. Edition Date Title 345168 12-08 Scheduled Valuable Possessions Policy. 135481 03-08R SVP Amendatory Endorsement- NY 135485 03-08 SVP Blanket Coverage- Per Item Limit Signatures Date of Issue 02/26/2013 Countersignature of Authorized Agent or Broker President's Signature This declarations page is used in conjunction with and is part of the Scheduled Valuable Possessions Policy: 345168 01-98 INSURED COPY EFTA00621841  Fireman's Fund Insurance Companies This signature page, together with the Scheduled Valuable Possessions Policy text, Declarations and endorsements, if any, issued to form a part thereof completes this Scheduled Valuable Possessions Policy. IN WITNESS WHEREOF this Company has executed and attested these present; but this policy shall not be valid unless countersigned by the duly authorized Agent of this Company at the agency hereinbefore mentioned. ' il-1-6 76 icily Secretary G~yb~~ President 335531 10-89 EFTA00621842  Scheduled Valuable Possessions Policy Number Effective Date MIF 02340912 — A 04/20/2013 — RENEWAL Named Insured Your Agent Is LEON BLACK WELLS FARGO INS SVCS USA INC DEBRA BLACK NEW YORK NY 31-576-750 (09) Scheduled Valuable Possessions as of: 04/20/2013 — RENEWAL JEWELRY SCHEDULE AMOUNT 1. JEWELRY - BLANKET COVERAGE $500,000.00 2. A PAIR OF DIAMOND EARRINGS: CONTAINING 14 PEAR- $351,758.00 SHAPED AND MARQUIS-SHAPED DIAMONDS, TOTAL WEIGHT 30.24CTS, ALL WITH GIA GEM TRADE LABORATORY CERTIFICATES GRADING THE DIAMONDS 3. A PAIR OF DIAMOND EAR PENDANTS: EACH SET WITH A PEAR- $541,166.00 SHAPED DIAMOND WEIGHING APPROXIMATELY 8.56CTS AND 8.89CTS SUSPENDED BY A SQUARE-CUT DIAMOND, FROM A MARQUIS-CUT DIAMOND WEIGHING APPROXIMATELY 1.89CTS AND 2.03CTS, MOUNTED IN PLATINUM, ALL WITH GIA GEM TRADE LABORATORY CERTIFICATES GRADING THE DIAMONDS 4. ONE PAIR OF KASHMIR SAPPHIRE AND PINK DIAMOND $1,471,130.00 EARCLIPS: CONTAINING TWO CUSHION SHAPE KASHMIR SAPPHIRES AT 25.47CTS AND 24.71CTS TOTALING 50.18CTS AND 212 ROUND PINK DIAMONDS WEIGHING 5.96CTS, PLATINUM MOUNTINGS, GILDED 5. DIAMOND EARRINGS: ONE PAIR OF ROUND BRILLIANT $95,950.00 DIAMONDS SET IN PLATINUM, THE DIAMONDS WEIGHING A TOTAL OF 6.90CTS, ARE "F" COLOR AND 'V52" CLARITY 6. A PAIR OF ELEGANT PEARL AND DIAMOND EAR PENDANTS: 5252,500.00 BY JAR 7. MASSAI EARRINGS: WITH 914 BRILLIANT CUT DIAMONDS SET $70,700.00 IN WHITE GOLD (BOUCHERON) 8. THREE TRI-COLORED 18KT YELLOW, WHITE AND PINK GOLD $55,550.00 BRACELETS: EACH SET WITH 24 DIAMONDS, 46 DIAMONDS AND 144 DIAMONDS (BUCCELLATI) 9. 18KT YELLOW GOLD AND SILVER BRACELET: WITH SIX $85,850.00 SQUARE-CUT SAPPHIRES AND 186 ROSE-CUT DIAMONDS (BUCCELLATI) 10. 18KT SOUTH SEA NECKLACE: CONTAINING 38 PEARLS FROM $94,928.00 14.7MM TO 11.4MM ALL PEARLS ARE ROUND AND EXTREMELY FREE FROM BLEMISHES NECKLACE IS SO FINE SILVER WHITE COLOR WITH GOOD LUSTRE LENGTH 19-1/4" 33551510$9 Page Scheduled Valuable Possessions EFTA00621843  11. ASHOKA RING: IN PLATINUM 15.67 CTS D FLAWLESS WITH 2 5641,000.00 BULLETS 1.12 CTS 12. FOUR STRINGS OF 14-15 MM SOUTH SEA PEARLS: (SIDNEY $300,000.00 GARBER, CHICAGO, IL) 13. PAIR OF HOOP EARRINGS: IN PLATINUM, SILVER AN GOLD SET $100,000.00 WITH 32 OVAL SAPPHIRES (TOTAL 73.84CTS) IN A PAVE SET OF SAPPHIRES (3.52CTS) AND DIAMONDS (3.75CTS) (JAR@S, GENEVE) 14. DOUBLE CHAIN BRACELET: IN SILVER SET WITH RUBIES $500,000.00 (9.51CTS) DIAMONDS (6.76CTS) AND A CENTRAL CUSHION SHAPED @CASHMERE@ SAPPHIRE (29.44CTS) (JAR@S, GENEVE) 15. ONE 16@ 18CTS WHITE GOLD DIAMOND LINK NECKLACE: 2584 $38,000.00 DIAMONDS AT 15.98 (SIDNEY GARBER) 16. ONE 20@ 18CTS WHITE GOLD DIAMOND NECKLACE: $43,450.00 19.36CTS (SIDNEY GARBER) 17. ONE PAIR OF EARRINGS: "COQUES", GOLD 4.40 GRAMS AND $310,000.00 BLACKENED SILVER 18.20 GRAMS WITH FOUR DIAMOND ROSES 24.87CTS, EMERALDS 16CTS AND DIAMONDS 4.14CTS APPRAISAL DATE: 2002-02-2Q 18. A DIAMOND NECKLACE: CONTAINING 67 OVAL DIAMONDS, $1,109,389.00 TOTAL WEIGHT 88.71CTS ALL WITH GIA GEM TRADE LABORATORY CERTIFICATES GRADING THE DIAMONDS 19. PAIR OF EARRINGS IN SILVER AND GOLD SET: WITH TW $56,000.00 CENTRAL OPALS SURROUNDED BY BLUE APATITES, GREEN GARNETS, BLUE TOURMALINES, SAPPHIRES AND DIAMOND APPRAISAL DATE: 2005-10-28 20. A PAIR OF PIN RUBY RIBBON EARRINGS IN SILVER AND GOLD:. $120,000.00 APPRAISAL DATE: 2005.10-28 21. A "WEEPING WILLOW" BROOCH IN SILVER AND GOLD SET: $85,000.00 WITH GREEN GARNETS AND GREEN TOURMALINES APPRAISAL DATE: 2005-10-28 22. AN "ORCHID DRAWING" BROOCH IN SILVER AND GOLD SET: $300,000.00 WITH PINK AND ORANGE SAPPHIRES, GREEN GARNETS AND DIAMONDS APPRAISAL DATE: 2005-10-28 23. A PAIR OF "STRING" EARRINGS: IN PLATINUM SET WITH TWO $80,000.00 CENTRAL BRIOLETTE CUT MORGANITES AND DIAMONDS APPRAISAL DATE: 2005-10-28 24. ONE EMERALD BEAD AND DIAMOND NECKLACE: WITH 47 OLD $2,500,000.00 MINE COLUMBIAN EMERALD BEADS (347.69CTS), 1 CUSHION SHAPED DIAMOND (6.82CTS E VS2), 2 CUSHION SHAPE DIAMONDS (2.09CTS), PLATINUM MOUNTING APPRAISAL DATE: 2007-01-26 33551510-89 Pape 2 Scheduled Valuable Possessions EFTA00621844 Scheduled Valuable Possessions Policy Number Effective Date MIF 02340912 —A 04/20/2013 — RENEWAL Named Insured Your Agent Is LEON BLACK WELLS FARGO INS SVCS USA INC DEBRA BLACK NEW YORK NY 31-576-750 (09) 25. ONE PAIR OF EMERALD BEAD AND DIAMOND PENDANT EAR $1,250,000.00 CLIPS: WITH 8 OLD MINE COLUMBIAN EMERALD BEADS (98.25CTS), 2 BRIOLETTE SHAPE DIAMONDS (16.37), 2 BRIOLETTE SHAPE DIAMONDS (7.07CTS), 2 DIAMOND BEADS (2.52CTS), 78 SINGLE CUT DIAMONDS (.053CTS), PLATINUM MOUNTING APPRAISAL DATE: 2007-01-26 26. A PAIR OF EARRINGS $550,000.00 "CAGE" IN PLATINUM 53.70 GRAMS AND GOLD 2.20 GRAMS SET WITH 2 EMERALD-BRIOLETTES 93.67CTS + 97.54CTS AND DIAMONDS 7.67CTS JAR'S INVOICE DATE: 2006-10-06 27. A PAIR OF EARRINGS: "CREOLES" IN PLATINUM 24.70 GRAMS $315,000.00 AND GOLD 2.40 GRAMS SET WITH ONE EMERALD CUSHION 7.28CTS AND ONE SAPPHIRE CUSHION 13.51CTS AND DIAMONDS 5.41CTS JAR'S INVOICE: 2006-10-06 28. A PAIR OF PINK SEA-SHELL ORIENTAL PEARLS AND GOLD $35,000.00 EARRINGS: SEA SHELL: 23 GRAMS, PEARLS: 18.5CTS, GOLD: 55.1 GRAMS JAR'S INVOICE: 2006-03-31 29. ONE SET OF FIVE BRACELETS: BLACK AND WHITE IN PLATINUM $200,000.00 AND DIAMONDS (8.49CTS), PLATINUM (105.65 GRAMS) JAR'S FRENCH INVOICE: 2006-09-28 30. ONE BROOCH: WITH GREEN STONES (122.20CTS) SET IN GOLD $475,000.00 WITH YELLOW SAPPHIRES (12.92CTS), SILVER: 145.05 GRAMS, GOLD: 30.1 GRAMS JAR'S FRENCH INVOICE: 2006-09-28 4 AR. b 1 1 31. A PAIR OF HOOP EARRINGS: IN SILVER 69.30 GRAMS AND GOLD $170,000.00 2.40 GRAMS SET WITH PINK - SAPPHIRES 65.16CTS PINK ORIENTAL - PEARL BUTTONS 53.23CTS AND DIAMONDS 5.42CTS. JAR'S LONDON INVOICE DATE: 2007-10-29 DATE ADDED: 2007-10-29 32. A HEMIPODE DT RED GOLD, BLACK GOLD 18KT DIAL SHORT $30,000.00 BLACK RUBBER STRAP RED GOLD CLASP WATCH INVOICE DATE: 2007-10-30 DATE ADDED: 2007-11-09 33 10-89 Page 3 Scheduled Valuable Possessbre EFTA00621845 33. PAIR OF MALLARY MARKS DIAMOND EARRINGS $7,000.00 DATE ADDED: 2008.03-04 34. ISABEL LINK CHARM BRACELET $30,000.00 DATE ADDED: 2008-03-04 JEWELRY TOTAL $12,764,371.00 335515 10-69 Page 4 Sdiedied Valuable POWASiCIIS EFTA00621846  'ft/15.AI firemant Fund" insurance company A company of Ailianz ® RE: Prestige® Home Premier Policy No: MIF 002340912-A Effective: 04-20-2012 LEON BLACK DEBRA BLACK 190 THE NARROWS NEW YORK NY 10507 Dear Policyholder, Enclosed are your renewal docum ents for your Fireman's Fund* continuing to rely on Fireman's Prestige* Home Premier policy. Fund for coverages and services Thank you for for your home. Your Prestige Home Premier policy is a promise to make you stop there. We recognize that whole in the event of a covered while we can replace or restore loss. Yet we don't in experiencing a loss can tak just about anything, the emotio e a far greater toll on you. That's nal expense involved products and services to meet you why we employ experts to con r changing needs and to keep tinually develop pace with emerging threats to your peace of mind. You may now have access to a sui • te of services to help you man ager risk and prevent loss, inc luding: Identity Theft Restoration Ser vices. You now have access to you should your personal identit a skilled, personal advocate wh y be o will assist credit report monitoring, and frau compromised. Assistance includes notification of relevant age d mitigation. These services and ncies, phone call away. the accompanying peace of min d are just a • Prestige® Collector Services. You can access expert advice value. Available services may on acquiring and maintaining include referrals to local apprais the collections you your valued contents and their ers or conservators, or an in-h location relative to potential risk ome analysis of selling at auction. s. You can also access advice for buying and Your independent agent is alw ays your first source for all you agent can provide more informa r risk management and asset pro tion on the Fireman's Fund sui tection needs, Your credits we may offer on the Pre te of Prestige products and serv stige* Portfolio of products (Pr ices. Ask about the Excess(**)). estige Auto*, Prestige Collect ionsism), and Prestige Thank you again for continuing to insure with Fireman's Fund. We appreciate the trust you've placed in us. Your Agent or Broker: WELLS FARGO INS SVCS US Your Insurance Company: A INC FIREMAN'S FUND INSURAN 330 MADISON AVE 7TH FL CE COMPANY NEW YORK NY 10017 One of the Fireman's Fund Ins urance Companies® (800) 982-2125 Fireman's Fund contributes a portion ofprofits to su rt firefighters for safer commu information, visit our web site nities. For more at www 301154 408 EFTA00621847  D. Intik' Countersignature of Authorized Agent or Broker President's Signature This declarations page is used in conjunction with and is part of the Scheduled Valuable Possessions Policy. 145168 01-98 INSURED COPY EFTA00621848  Fireman's Fund Insurance Companies This signature page, together with the Scheduled Valuable Possessions Policy text, Declarations and endorsements, if any, issued to fumi a part thereof completes this Scheduled Valuable Possessions Policy. IN WITNESS WHEREOF this Company has executed and attested these present; but this policy shall not be valid unless countersigned by the duly authorized Agent of this Company at the agency bercinbefore mentioned. jut _ ti is Secretary President 335531 1Q49 EFTA00621849  Wells Fargo Ins Services USA, Inc. (NYC) Posta 1 PO Box 823239 Philadelphia, PA 19182-3239 (212) 682-7500 INVOICE Invoice Data: 04/20/2012 Bill To: Date Printed: 04/19/2012 Invoice Number: 8021519 Amount Invoiced: 589,351.00 Mr Loon Black 780 Park Avenue New York, NY 10021 Cantor : American Insurance Company Policy Tom : 04/20/2012 to 0420/2013 Policy Number : MIF02340912-A Transaction Date : 04/20/2012 UneOlSuseness Transaction Date Ossalpeon esnowt Oue Nand Marto- Fine Arakewalry(1). I 04/20/2012 Joratty Insunne• 389,351.00 • . Total Invoice Oalanci 589,331,00 Invoice Message: Renewal Please return with payment BM To Name Lk. Leon Black Amount Paid: Invoice 0 :8021519 Policy MIF02340912-A Remit Payment To: Wefts Fargo Ms Services USA, Inc. (NYC) PO Box 823239 Philadelphia, PA 191824239 EFTA00621850 PrestigeCollections ScheduledValuable Possessionfolicy Quick Reference Guide Beginning On Page Agreement 1 Definitions 1 Valuable Possessions Classes 3 Coverage for your Valuable Possessions Property Covered 3 Deductible 3 Additional Collection Coverages Newly Acquired Property 4 Fine Art and Collectibles - Conservation Coverage 4 Commissioned Works in Progress 4 Reward Coverage 4 Ransom Coverage 5 Collections Reference Library 5 Recovery Service 5 Losses We Cover 5 Losses Not Covered 5 Conditions Valuable Possessions Conditions 7 General Conditions 9 READ YOUR POLICY CAREFULLY This policy is a legal contract between the policy owner and one of the Fireman's Fund Insurance Companies. AGREEMENT We agree to provide the insurance described in this policy. In return you must pay the premium and comply with the policy terms. DEFINITIONS A. You and Your refer to the named Insured shown in the Declarations and the legal spouse if a resident of the same household. B. We, us and our refer to the Company providing this insurance. C. Other words and phrases are defined as below. They are bold-faced when used in this policy form: 1. Blanket Property means articles of personal property other than scheduled property that belong to a class Insured under this policy and for which a blanket limit of liability is shown on the Declarations or Listing of Scheduled Valuable Possessions. 2. Earthquake means a vibration-generating rupture event caused by displacement within the earth's crust through release of strain associated with tectonic processes and includes effects such as 34516812-08W Copyright, 1fr0&2008Fvaman's Fund Insurance Company. Al rights inserad,. Par 1 call EFTA00621851  ground shaking, liquefaction, seismically-induced land sliding, and damaging amplification of ground motion. However, earthquake does not mean or include tsunami or volcanic eruption. One or more earthquakes within a seventy-two hour period will be considered a single earthquake. 3. Insured means: a. you and residents of your household who are: (1) your relatives; (2) your domestic partner, a domestic partner is defined as an individual who: (a) is financially interdependent with you and with whom you are jointly responsible for each other's common welfare; (b) intends to remain in a committed relationship; (c) shares the same living quarters and permanent address; (d) is not so closely related by blood that legal marriage would otherwise be prohibited; (e) is at least 18 and like you, not legally married to another person; (f) has not been in a different domestic partner relationship within the last 12 months; and (g) is in the current domestic partner relationship which has been in effect for at least 12 months; or (3) any person under the age of 25 in the care of a person described above. b. If your spouse or domestic partner stops being a resident of your household during the policy period or prior to the inception of this policy, they will be considered an Insured under this policy until the earlier of: (1) the end of 90 days following their change of residency; (2) the effective date of another policy listing him/her as a Named Insured; or (3) the end of the policy period. 4. Occurrence means accidental physical loss or damage to covered property that first occurs during the policy period and is caused by one or more causes of loss we cover. 5. Scheduled Property means articles of personal property that belong to a class insured under this policy and that are separately described and insured for a specific amount on the Listing of Sched- uled Valuable Possessions. 6. War means: a. Declared, undeclared or civil war; b. Insurrection, rebellion or revolution; c. Warlike act by a military force or personnel; d. Destruction, confiscation or seizure for a military purpose; e. Discharge of a nuclear weapon even if accidental; f. Any consequence of any of the above. 34516812-e8 NY Copyrigni. 1991-2008Finiman's Fund Insurance Convont AS eghts reserved Pay 2 of 11 EFTA00621852  VALUABLE POSSESSIONS CLASSES silver, gold, platinum cr other A Jewelry, meaning articles of personal adornment composed all or in part of that may include pearls. jewels, or precious or semi-preciou s stones. precious metals or alloys, of Jewelry, which are B. Jewelry in Vault, meaning articles of personal adornment as described in the class kept in a bank vault. C. Furs and garments trimmed with fur or consisting principally of fur. D. Cameras, projection machines, films and related articles of equipment. E. Musical Instruments and related articles of equipment. pens, pencils, F. Silverware, silver-plated ware, goldware, goldplated ware and pewterware, but excludes flasks, smoking implements or jeweiry. or hobby de- G. Sports and Hobby Equipment, meaning equipment and other property usual to the sport scribed in the listing of Scheduled Valuable Possessions. of art (such as H. Fine Arts, meaning paintings, etchings, pictures, tapestries and other bona fide works antique furniture, rare books, manuscripts, porcelains, and valuable rugs, statuary, marbles, bronzes, rare glass) of rarity, historical value or artistic merit. locals, I. Postage Stamps including due, envelope, official, revenue, match and medicine stamps, covers, owned reprints, essays, proofs and other philatelic property, including their books, pages and mountings, by or in custody or control of the insured. other J. Rare and Current Coins including medals, paper money, bark notes, tokens of money and albums, containers, frames, cards and display cabinets in use with numismatic property, including coin such collection, owned by or in custody or control of the insured. K. Guns and related articles of equipment. We do not cover ammunition. L. Bicycles. M. Collectibles, meaning wine, sports cards, dolls, model trains and other private collections of rare, unique or novel items of personal interest including memorabilia as described in the Listing of Scheduled Valu- able Possessions. N. Other Property, as described in the Listing of Scheduled Valuable Possessions. COVERAGE FOR YOUR VALUABLE POSSESSIONS Property Covered We cover scheduled or blanket property you or an Insured owns or legally possesses anywhere in the world. Deductible No deductible applies unless one is shown on the Declarations page, the Listing of Scheduled Valuable Pos- sessions or in an endorsement attached to this policy. When a deductible applies, we will subtract the amount to of that deductible from the amount of any covered loss we pay. If more than one deductible is applicable a loss, we will apply a single deductible as follows: A. Any deductible specific to a cause of loss, such as earthquake or hurricane, will apply to an occurrence due to that cause of loss. 34616612-08NY Page 3 01 11 Copynght 1988-2COSPeemon't Fund Insurance Company. All righls resermal. _ EFTA00621853  13 For an occurrence that is not subject to a specific cause of loss deductible, we will apply the single highest deductible that applies under this policy that is not specific to a cause of loss. ADDITIONAL VALUABLE POSSESSIONS COVERAGE A. Newly Acquired Property and Property in Care, Custody and Control We cover property newly acquired, consigned or entrusted to an Insured during the policy period, if it is a class of property for which there is already property separately described and specifically insured on the Scheduled Valuable Possessions Itemized Listing. However, we will pay no more than 100% of the limit of liability for the class for which the property qualifies. For coverage to apply you must: 1. Report this property to us within 90 days of possession or acquisition; and 2. Pay the additional premium from the date of possession or acquisition. We reserve the right to refuse to insure this property after the 90th day. This extension of coverage does not apply to property covered on a blanket basis. B. Fine Art and Collectibles - Conservation Coverage For loss to covered Fine Art or Collectibles that is due to repair, restoration or retouching, we will pay up to the following amounts per occurrence: 1. $10,000;or 2. $50,000if pre-approved. Pre-approved means that you have notified us in advance of the item or items to be repaired and the conservator or other qualified professional who will do the work and we have agreed in writing to provide the coverage for those items for work done by the conservator or other qualified professional you have identified. This coverage does not increase the limit of liability for the covered property. C. Commissioned Works In Progress If a work of art by an artist that is commissioned by you is damaged or destroyed by a covered peril prior to completion or the work cannot be completed due to the artist's death, we will pay up to $100,000for costs you incurred for the materials or supplies for the artist and the contracted costs for labor, but not more than the amount of nonrecoverable deposits or the full commission price if prepaid and nonrecov- erable. D. Reward Coverage - Stolen Property If property covered under this policy is stolen, we will pay a reward of up to 10% of the covered loss or $25,000 whichever is less, per occurrence to any person, other than an insured, who provides a law enforcement agency information that: 1. Leads to the conviction of any person who has stolen the property; or 2. Results in the return of the undamaged stolen property. The limit of liability will not be increased regardless of how many persons provide information or how many persons are convicted of the theft. No reward will be paid to any person involved in any way in the theft of covered property. 34516812-08NY .:opyeVhl. 1998-2008Firaman's Fund Insurance Company. All Aghts resin-.ed. Page 4 01 11 EFTA00621854 E. Ransom Coverage of the covered loss or $50,000, If property covered under this policy is stolen we will pay up to 50% whichever is less, per occurrence, for ransom payment required to be paid by an Insured in exchange for the return of the covered property. law enforcement In order for this coverage to apply, an Insured must report the theft to appropriate with these agencies for return of the covered property. No ransom will be paid if any agencies and work insured was involved in any way in the theft of the covered property. person or group is All losses from a series of acts committed by one person or group or in which one begins during the policy period is one occurrence. concerned or implicated and which F. Collections Reference Library including books, cat- We provide up to $50,000for covered losses to your Collections Reference Library, to covered Collections classes. alogues, electronic media and other disc or storage devices, that pertain Loss will be settled on an actual cash value basis. G Fine Art Recovery Service and return of the property In the event of theft of property covered under this policy we will seek recovery on behalf of an insured. VALUABLE POSSESSIONS LOSSES WE COVER We will pay for direct physical loss to covered properly resulting from an occurrence. VALUABLE POSSESSIONS LOSSES NOT COVERED A. For all covered Classes, we do not insure loss caused by any of the following: 1. Biological and chemical hazards - We do not cover any loss caused by any chemical, biological, biochemical, or electromagnetic contamination, whether controlled or uncontrolled or however caused; the 2. EARTHQUAKE - if NO EARTHQUAKE is shown on the declarations page next to any class or on Valuable Possessions or coverage is excluded by endorsemen t, no coverage is Listing of Scheduled of any other provided for that class for loss caused by earthquake. Such loss is excluded regardless cover direct cause or event contributing concurrently or in any sequence to the loss. However, we do loss by fire or explosion resulting from earthquake damage; 3. Government action, meaning the destruction, confiscation or seizure of covered property by order the of any government or public authority. However, we will pay for loss caused by action taken by authority at the time of fire to prevent its spread: 4. Insects, rodents or vermin; 5. Intentional loss, meaning any loss arising out of an act committed: a. By or al the direction of an insured; and b. With the intent to cause a loss; 6. Latent defect or inherent vice, including but not limited to any quality in property that causes it to damage or destroy itself; 7. Mechanical or electrical breakdown, except as provided for wine under F. below. 34516612-08NY Page 5 of 1I Copy." 1998.-2006firoman's Fund Insumnoe Company. Ai rghts restnood. EFTA00621855  8. Misappropriation, meaning loss caused by the taking or other misappropriation of covered property by or at the direction of an insured; 9. Nuclear hazard, meaning nuclear reaction, radiation, or radioactive contamination, however caused. However we do cover direct loss by fire that results; 10. Wear and tear, gradual deterioration; 11. War. B. Collectibles - for this class, we also do not cover loss caused during use as other than a collectible. C. If Postage Stamps or Rare and Current Coins collections are covered, the following exclusions also apply: 1. Fading, creasing, denting, scratching, tearing or thinning; 2. Transfer of colors, inherent defect, dampness, extremes of temperature, or depreciation; 3. Being handled or worked on; 4. The disappearance of individual stamps, coins or other articles unless the item is: a. Described and scheduled with a specific amount of insurance; or b. Mounted in a volume and the page it is attached to is also lost; 5. Shipping by mail other than registered mail; or 6. Theft from any unattended automobile unless being shipped as registered mail. 7. We do not insure loss, from any cause, to property: a. In the custody of transportation companies; or b. Not part of a stamp or coin collection. D. If Fine Arts or Collectibles are covered, the following exclusions also apply: 1. Repairing or restoration; or 2. Any retouching process, Except as provided under Additional Valuable Possessions Coverage B. E. if Jewelry in Vault is covered, for this class, we also do not insure loss to any items while they are away from the bank's premises, unless: 1. you notify us or your agent and we agree in advance to cover them; and 2. you pay the additional premium for the time the items are away from the bank's premises. F. If wine is covered under Collectibles, the following exclusions also apply: 1. Failure to use reasonable care to maintain all heating, cooling or humidity control equipment in proper operating condition. However, we will pay for loss caused by: a. Mechanical or electrical breakdown of heating, cooling or humidity control equipment; or b. A power failure beyond your control which causes a change in temperature or humidity. 2. Improper handling or storage; 34616812-O0 NY Oopyrchl. 199.9.2068Firarnarie Fund :^z-rance Company. All righls :escrwC. Pao. 6 01 11 EFTA00621856  3. Consumption; or deterioration, al! usual or 4. Normal shortage, leakage, spillage, evaporation, dissipation, spoilage or customary to wine. CONDITIONS VALUABLE POSSESSIONS CONDITIONS A. Insurable Interest and Limit of Liability we shall not be liable: Even if more than one person has an insurable interest in the property covered, or 1. To the insured for an amount greater than the insured's interest at time of loss; 2. For more than the limit of liability that applies. B.