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Huntington T. Bloch Insurance Agency, Inc. FINE ARTS INSURANCE EXHIBITION POLICY 1. Property Insured: This Policy covers the Insured property on a "wall to wall' basis from the time said property is removed from its normal repository, incidental to shipment, until returned thereto or other point designated by the owner or their agent prior to return shipment, including while in transit to or from points of consolidation, deconsolidation, packing, or unpacking, while at such locations during such processes or awaiting shipment, while in transit, or while on exhibition or otherwise within the premises per schedule on file at offices of this Insurer. This coverage shall terminate: (a) upon arrival of the property at the final destination designated by the owner or their agent, or (b) upon expiration of this policy, whichever may first occur. The term of this policy may be extended, however, by endorsement hereon and payment of additional pro rata premium. 2. Policy Term: This policy shall attach at 12:01 A.M. Standard Time at the place of issuance shown on the Declarations Page. This policy covers losses payable hereunder for the term indicated. 3. Perils Insured: Risks of physical loss or damage from any external cause, except as hereinafter excluded. Loss, if any, payable to the Insured or order. 4. Limits of Liability: The Insurer shall not be liable under this section of this policy for more than the sums stated on the Declarations Page. 5. Deductible: Each claim for loss or damage separately occurring shall be adjusted separately, and from the amount of such adjusted claim the sum which is stated on the Declarations Page shall be deducted. 6. Premium: The premium for the policy year stated on the Declarations Page shall be due and payable as of the effective date. VALUATION 1. Basis of Valuation: It is understood and agreed that in the event of loss or damage hereunder, all property coming under the protection of this insurance shall be valued at and insured hereunder as follows: (a) As per schedule or schedules on file indicating individual value of each article insured, such amounts to be the agreed value of said articles for purposes of this insurance. (b) In the absence of such schedule, schedules or individual values this Company shall not be liable for more than the suns agreed upon with the owner of the property or admitted by the insured prior to loss, or otherwise this Company shall not be liable beyond the current market value of the property at the time of any loss or damage occurs and in no event for an amount in excess of that specified in the policy. Ascertainment or estimate shall be made by the Insured and this Company, or if they differ, then the amount of loss will be determined as provided for in the Arbitration Clause of this policy. HXHPOL0810 1 OP 5