the amount of reimbursement based on the current market value of an item, allowing for depreciation

type of coverage for any event except those specifically named as exclusions

average cost for all holdings or groups of holdings

insurance written to cover all items

a clause in insurance policies to protect the carrier by limiting the amount of reimbursement when inadequate coverage is held

a financial loss that results from the physical damage, destruction, or theft of the property

a serious disruption of the functioning of an institution causing widespread material and economic losses that exceed the ability of the affected institution to cope using its own resources

an unforeseen urgent situation that calls for immediate action

paintings; works of art on paper; tapestries; rare or art glass; art glass windows; valuable rugs; statuary; sculptures; antique furniture; antique jewelry; bric-a-brac; porcelains; and similar proper [..]

a potentially damaging physical event, phenomenon, or human activity that increases either the frequency or the severity of losses (e.g., poor lighting does not cause loss, but it is a hazard as it ca [..]