The Executive Committee is pleased to offer all members a coin insurance program. Hugh Wood Canada Ltd. is an international insurance broker based in Toronto, Ontario and they have been able to obtain excellent rates and a commitment from their underwriters at Lloyds to provide full coverage to all members of the CNA at a discounted rate. Each application provides space for the members' CNA number in order that they may be identified and obtain the discounted rate. Once Hugh Wood receives the application they can either provide a quotation or process the insurance immediately depending on the preference of the individual. Policy documentation is forwarded to the individual along with their invoice for the annual premium of the insurance.
Premium is due and payable immediately upon receipt of the policy documents.
The discounted rate for collectors under this program is calculated by the total value of the amount to be insured multiplied by .0055 plus applicable taxes. Any specific items not listed above may be written into the policy. Territorial limitation is within Canada, however coverage can be extended to the United States or worldwide if required. Basis of the valuation is fair market value. Insurance for U.S. members may also be obtained through Hugh Wood Canada.