Quote:
Originally Posted by Lorewalker
And please explain this. It was not stolen in transit. Item was signed for and delivered. That is not in dispute per the article. Insurer is off the hook under the transit coverage.
Dunno about the rest of what you posted but like every big company in the hobby, this will be forgotten about and ML will be just fine. They are one of the best auction houses.
|
My policy doesn't cover merely "in transit" it basically covers anything that's not at our physical offices.
If I was in a car accident going to a show and the car burned to the tires. If I got distracted at a show and someone opened a showcase and lifted something. If I left something in a hotel room while going out for dinner. These are all scenarios I proposed and made sure were covered by my policy. Basically any time the cards are "off premises."
Now that coverage is a fraction of my total coverage, but I'm small potatoes compared to ML and my off premises coverage is $600k, I can't imagine ML isn't covered for over $2m even off premises.