HomeDealers and CompaniesPNGCoin Industry News - PNG Announces Improved Dealer’s Coin Insurance

Coin Industry News – PNG Announces Improved Dealer’s Coin Insurance

PNG coin insurance

PNG Coin Insurance Program

The Professional Numismatists Guild (PNG) has established a new coin insurance program available for current and new PNG member-dealers.

“The enhanced plan approved by the PNG Board of Directors is with Willis Towers Watson, a global leader in coin, currency and precious metals insurance brokerage,” explained PNG Executive Director Robert Brueggeman.

Provisions of the new coin insurance program for dealers include:

  • Automatic PNG members Insurance Premium Discount.
  • Employee theft coverage.
  • Elimination of weekend or holiday restrictions for Federal Express.
  • A “No Claims Bonus Credit” payable at the end of the Policy term for remaining loss free.
  • New Loss Settlement and Valuation wording providing extra coverage and peace of mind.
  • Exhibition Show Expense Extension for non-recoverable expenses if a coin show were unexpectedly cancelled.
  • Private Collection coverage (for dealers’ private collections).

“Additionally, Willis Towers Watson has been authorized by Lloyd’s of London to expedite and settle lower valued claims. A Loss Fund for claims has been established so that claims can be settled and paid quickly,” said Brueggeman.

* * *

About PNG

The Professional Numismatists Guild (PNG) is a nonprofit trade association composed of the country’s top rare coin and paper money dealers who must adhere to a strict Code of Ethics (www.pngdealers.org/code-of-ethics) in the buying and selling of numismatic merchandise.

For additional information about the PNG awards, contact Robert Brueggeman, PNG Executive Director, 28441 Rancho California Road, Suite 106, Temecula, CA 92590. Phone: (951) 587-8300. Email: [email protected]. Online: www.PNGdealers.org.

Professional Numismatists Guild
Professional Numismatists Guild
The PNG is a nonprofit organization composed of the world's top rare coin and paper money experts. As numismatic professionals, our primary mission is to make the hobby safe for collectors and investors by maintaining rigid standards of excellence for our member dealers.

Related Articles


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.