Convenient insurance coverage for the miniature world
The Miniatur Wunderland is one of Hamburg’s most popular tourist attractions. The brothers Frederik and Gerrit Braun have built up a little universe that fascinates 1.3 million visitors a year. The marvels on show include the largest model railway in the world and nine enthralling complete model layouts of Austria, the fictional location of Knuffingen and its airport, central Germany, Hamburg, the USA, Scandinavia, Switzerland and Italy.
As the only attraction of its kind in the world, it requires tailor-made insurance coverage. The constant expansion of the complex – which will see Monaco, France and Great Britain added in the coming years – means that flexible adjustments must also be made to the insurance coverage.
Miniatur Wunderland is covered by the Funk Comfort Policy (known as the FKP) drawn up by Funk. In this multiline coverage, various risks are incorporated from different insurance divisions and bundled into a single policy. One result of this is a reduction in the amount of administration work for the customers. However, the FKP is also very flexible and is adapted to the individual needs of the customers. With regard to Miniatur Wunderland, the FKP provides high added value for this customer via the specially negotiated and exceptionally long liability period of five years in the case of business interruptions resulting from fire damage. For the duration of this period, salaries, running costs and lost profits are borne by the insurer up to a specific maximum amount.
Miniatur Wunderland boss Frederik Braun says: “Our world is the result of detailed and painstaking work. In the event of major fire damage, the reconstruction process would take several years. Funk worked on our behalf to negotiate this long liability period with the insurers, which we greatly appreciate.” An additional part of this tailored service is comprehensive consulting – not only in relation to the insurance concepts, but also with regard to aspects such as regulations and the corresponding test procedures. As Miniatur Wunderland features a complex light and power system, this is also subject to regular inspections by the insurer and the authorities. The experts from Funk provide specific on-site consultation to address how Miniatur Wunderland can best prepare for the test procedures.