JANUARY 11, 2007 -- Months after he accidentally poked a hole in a Picasso painting, casino magnate Steve Wynn today sued Lloyd's of London for failing to pay off a $54 million insurance claim. Wynn, who purchased the painting "Le Reve" for $48.4 million in 1997, contends that the painting was worth $139 million when, on September 30, he "accidentally placed a tear" in it while showing the work (pictured at right), to friends visiting his Las Vegas office.

According to Wynn's U.S. District Court complaint, (click on link below), the businessman contends that, as a result of the tear, the painting's value has plummeted to $85 million.

"Valentine's Day accounts for a large percentage of jewelry purchases, yet many consumers don't know enough about protecting these valuables against costly losses," says Steve M. Brooks, President, Brooks Insurance Services, Westlake Village, CA.

Much of this jewelry - particularly diamond engagement rings - will be excluded from full coverage under standard homeowners and renters insurance policies. "Most policies provide as little as $1,000 for loss by theft, and you will have to pay a deductible on top of that, leaving you with virtually nothing," says Brooks. "Worse yet, if your ring simply disappears or if you lose the stone, most homeowners' and renters' policies provide little or no protection at all."

To ensure you are adequately protected, call us at (800) 915-3090 for a no obligation quote.

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"I really enjoy the personal connection we have with our clients. They trust us and depend on us." So says Tatiana Cruz, the oldest in a family of four, who has spent the last five years as a personal lines insurance advisor.

When she's not going the extra mile for our customers, you can find Tatiana playing Texas Hold 'Em or spending time with her family. Reach her at Ext. 876 or email her at Tatianac@brooksins.com

Thousands of Trusted Choice® insurance agencies offer you a broad selection of insurance policies, companies and financial services, customization of coverages for home and business, and advocacy support. These firms are committed to providing excellent customer service. They also benefit from access to many leading insurance companies. We are proud to be a Trusted Choice® agency.

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