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damage. <br />15. FINE AR'T'S COVERAGE <br />COVERAGE IS IN FORCE ONLY FOR STATE AGENCIES AND <br />UNIVERSITIES WHICH ADVISE RISK MANAGEMENT DIVISION OF <br />VALUES VIA ANNUAL SURVEYS. This section covers paintings, etching, drawings, <br />(including their frames, glasses, and shadow boxes), rare books, manuscripts, rugs, <br />tapestries, statuary and other bona fide works of att, or rarity, historic value or artistic <br />merit. There is a $2,500 deductible per occurrence to the agency. This coverage is <br />insured through a combination of self insurance paid out of the Public Property Reserve <br />Fund as administered by RMD and by insurance policy(ies) purchased by RMD, <br />A. COVERAGE INCLUDES: <br />11 Property of Insured; <br />2, Property of others on extended loan to the insured; <br />3. Property of others offered as gilts to the insured or for sale to the insured <br />and while awaiting formal acceptance by the Trustee; <br />4. The insured's interest in residuary gifts and jointly owned property, but <br />only to the extent of Insured's interest at the time of loss or damage. <br />All of the above (sub items 15.A,1 through 4) being part of and known as their <br />permanent collection while on exhibit or in transit within the states of the United <br />States, the District of Columbia and the Provinces of Canada. Property of the <br />insured or property of others loaned to the Insured and which the insured has been <br />instructed to insure. Covering said property on a "wall to wall" basis fiorn the <br />time said property is removed from its normal repository, incidental to shipment, <br />until returned from its normal repository, incidental to shipment, until returned <br />thereto or other point designed by the owner or their agent prior to return <br />shipment, including while in transit and while on exhibition or otherwise within <br />and between the states of the United States, the District of Columbia and the <br />Provinces of Canada. <br />5. If value of articles to be transported, regardless of type of carrier, exceeds <br />$1,000,000, Risk Management Division must be notified one month in <br />advance; lack of prior notification will result in a denial of the claim, <br />B. COVERAGE DOES NOT INCLUDE: <br />Wear and tear, gradual deterioration, moths, vermin, inherent vice or loss <br />or damages sustained due to or resulting from any repairing, restoration or <br />retouching process; hostile or warlike action, insurrection, rebellion 6jyiK- <br />war etc. <br />G P P 0' <br />pR <br />