Property Insurance

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Art has become a profitable investment in modern times. It is high on price and is a long term investment. Art can also be stolen or destroyed, which makes it important to insure your art. Since art is not covered under home insurance, you need to purchase a specific art insurance policy. Whether you display your high priced art possessions or keep them safe, art insurance is a must. You art collection may value much more than you think and that is a reason you need art insurance. You can insure art that is purchased by you, inherited by you or gifted to you.

Below mentioned items are covered under art insurance policies:

  • Drawings
  • Etchings
  • Prints and photographs
  • Statues and sculptures
  • Antique furniture
  • Clocks and barometers
  • Books and stamps
  • Dolls and toys and
  • Medals and Militaria.

Click here to know what is not covered under Art Insurance

Case on Art Insurance Cover

I have inherited an antique rug from my great grandmother. The rug is worth Rs. 15,00,000 and it is as old as the 1800s. This rug has significance for its high value and it needs to be insured for theft and other risks. Although this is a personal collection, it can be easily insured. I then contact the art insurance company and ask them for a quote. With the premium, I insure my rug and secure it from theft, burglary, damage from fire etc.

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