API 28

Describes the kind of risks and coverages that can be classified under state insruance laws as marine and inland marine insurance.

Include works of art and items or rarity or historic value

In the event of loss or damage to the property, the insurance company agrees to pay the amount of insurance scheduled. The insured and the insurer agree on the value at the time the policy is written.

Is a group of coins that are not circulated and that have the same mint year.

Items that increase in value because they are part of a group. Loss of part greatly reduces value of remaining items.

An amount of insurance is provided for the total class of property being insured.

Items are paper money and coin collectibles.

Items are postage stamp collectibles

Refers to the articles that are “substantially identical.”

Have a latch that cannot be manually pushed back into place without a key.

Tests and certifies electronic devices, alarm systems, and other items for safety and accuracy of operation.

In the event of a break-in, creates a loud clamor that can be heard only at the premises.

In the event of a break-in contacts the security company that responds to the residence and contacts the police.

In the event of a break-in, notifies a security guard on the premises, who responds.