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<p class="MsoNormal">Dear Colleagues,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Does anyone work at a museum that takes in loans of valuable objects, such as fine gems and minerals, for exhibit purposes? Does your insurance company have a value threshold that, if exceeded, requires an outside appraisal or bill of
sale before it will insure the objects? If so, what is that threshold? For example, if a lender has a piece that they value above $250,000 (our current threshold), do they have to provide the museum and the insurance company an outside appraisal or receipt
from the purchase of the specimen in order to prove the value and thus insure the specimen? Our insurance company instituted this requirement about 7 years ago and, as we once again update our Collections Management Policy we are wondering if this is standard
practice. Since this went into effect, the value of specimens coming into the museum has far exceeded this threshold and the museum has difficulty getting lenders to comply.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Obviously, if that is what our insurance company requires, then that is what the lender needs to provide and we are stuck with it. We are just looking for examples at other institutions to find out if their insurance companies have such
a requirement and what the value limit is so that we can have intelligent conversations with the insurance company, administration, and our lenders.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thank you.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Sincerely,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">Karen Morton</span></b><span style="font-size:10.0pt;font-family:"Arial",sans-serif"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black">Collections Manager<o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#1F497D">Perot Museum of Nature and Science</span></b><b><span style="font-size:8.0pt;font-family:"Interstate Black";color:red"><o:p></o:p></span></b></p>
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<p class="MsoNormal"><b><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#E21C23">E</span></b><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black"> </span><a href="mailto:karen.morton@perotmuseum.org"><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:blue">karen.morton@perotmuseum.org</span></a><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black">
</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif"><o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#E21C23">P </span></b><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black"> </span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#44546A">214.756.5833</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#1F497D">2201 N. Field Street, Dallas, TX 75201<o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:red">P</span></b><span style="font-size:8.0pt;font-family:"Caslon 540 LT Std";color:#1F497D">
</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#1F497D">214.428.5555</span><span style="font-size:8.0pt;font-family:"Caslon 540 LT Std";color:#1F497D">
</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#1F497D">|</span><span style="font-size:8.0pt;font-family:"Interstate Regular";color:#1F497D">
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</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#1F497D">214.428.5892|
</span><a href="http://www.perotmuseum.org/"><span style="font-size:8.0pt;font-family:"Times New Roman",serif;color:blue">perotmuseum.org</span></a><span style="font-size:8.0pt;font-family:"Interstate Regular";color:#1F497D"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Calibri Light",sans-serif;color:black">2201 N. Field Street, Dallas, TX 75201 </span><span style="font-size:9.0pt;font-family:"Calibri Light",sans-serif;color:#E21C23">|</span><span style="font-size:9.0pt;font-family:"Calibri Light",sans-serif;color:black">
perotmuseum.org</span><o:p></o:p></p>
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