New dealer insurance from PNG

A new insurance program has been set up by the Professional Numismatists Guild.

The enhanced plan is available to current and new PNG members.

It is underwritten by Willis Towers Watson, a global leader in coin, paper currency and precious metals insurance brokerage, according to PNG Executive Director Robert Brueggeman.

Provisions of the new insurance program for dealers include:

• Automatic PNG members Insurance Premium Discount;

• Employee theft coverage;

• Elimination of weekend or holiday restrictions for Federal Express;

• A “No Claims Bonus Credit” payable at the end of the Policy term for remaining loss free;

• New Loss Settlement and Valuation wording providing extra coverage and peace of mind;

• Exhibition Show Expense Extension for non-recoverable expenses if a coin show were unexpectedly canceled;

• Private Collection coverage (for dealers’ private collections).

“Additionally, Willis Towers Watson has been authorized by Lloyd’s of London to expedite and settle lower-valued claims. A loss fund for claims has been established so that claims can be settled and paid quickly,” said Brueggeman.

For information about joining PNG, visit www.pngdealers.org/join-2.

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