Will Insurance Cover Chelsea Galleries After Sandy?

Art in America just published a great article by Brian Boucher explaining the damages to art and galleries caused by Hurricane Sandy. Of particular note, Boucher spoke with David Genser, a Boston-based insurance broker who serves many galleries in the New York area. Genser:

“Unless you buy flood insurance, which is hard to come by and prohibitively expensive, flood coverage is typically not included in commercial liability policies, which cover everything in your gallery other than the art[.]”