From: Eileen Alexanderson ‹ > To: Jeffrey Epstein <jeevacation()gmail.com> Subject: thoughts after call Rich & I had yesterday re insurance Date: Tue, 22 Apr 2014 13:03:09 +0000 Two main issues: Structure of the policy: Blanket type policy we have now vs scheduled approach Source of coverage: Current broker sourced stack of coverage vs single policy with AIG providing coverage Initial conclusion: Simplistically, I would think one would want to couple up a scheduled policy with a broker sourced stack of policies and a blanket policy with a single policy approach. I say this because if you have a large claim for which you penetrate the top couple of layers of coverage and the item or items were not scheduled, it will likely be difficult to collect from lower layers in the stack of coverage with a blanket/unscheduled approach- exactly the situation where you want the insurer to 'fight the fight' for you. It would seem to me that in a situation where you have a broker sourced stack of insurance like we do, it would be preferable to take a scheduled approach. Interestingly, the AIG rep said that a scheduled approach is typically less expensive on a cost per $000 basis than a blanket approach. If we want to contemplate staying with Jeffrey Haber with the stack of coverage he has built for our coverage, it would seem the first step should be to explore whether we may be able to more fully insure (meaning for full appraised value of art owned) for a premium similar to what we currently pay for the blanket. Qualifier-we do see some indication from the schedule of pricing we have on the various layers in the stack shows Jeffrey may have built the blanket coverage at scheduled type prices. Such an inquiry will be telling. Also, we were told that some clients with blanket coverage buy loss limit coverage as a supplement to the blanket. Still working to understand cost /benefit of doing so — we will report back on this. AIG cites "inconsistencies" across pol