Common Contracts
1 similar Fine Arts Loan Agreement contracts
FINE ARTS LOAN AGREEMENTFine Arts Loan Agreement • February 8th, 2018
Lender hereby agrees to: ELECT fine art insurance coverage* provided by the Borrower for the maximum amount of $___________ (total value of artwork). *Insurance is All Risk, “Wall-to-Wall, Nail-to-Nail” coverage subject to the following exclusions: natural corrosion of material, gradual deterioration, wear and tear, war, regular mail shipments above $1,000, nuclear reaction and radiation, artwork in unattended, unlocked vehicles and non-enclosed vehicles, and artwork located in restaurants. The UT Dallas Representative will contact the UT System to obtain coverage. NOT ELECT fine art insurance coverage provided by the Borrower. Insurance will be provided by the Lender, not the Borrower.
