An art insurance policy provides a comprehensive cover with coverage of risks including physical damage, loss due to theft, accidents, and a wide range of natural perils to artwork, such as floods and earthquake.
Fine arts insurance covers damage to art pieces due to fire, lightning, riots and strikes. You can also include protection against aircraft or vehicle impact, explosion and terrorism, by paying an additional premium.
Art insurance covers physical damage to valuable artwork during transportation. For instance, even though the art piece is well packed, it can get damaged due to vibrations or shocks whilst in transit.
You have the flexibility to design the policy according to your requirement. For instance, partial loss due to scratches or impact damage can be covered. Add-ons like exhibition coverage can also be introduced.
The fine arts are allure and vulnerable in nature which also means that they can be stolen or can get damaged. Art insurance policy is a comprehensive policy. It provides inclusive protection to assets like fine art, paintings, statues and sculptures, antique furniture, musical Instruments, books, etc. from unforeseen and sudden physical loss or damage like theft, accident, damages due to shifting etc. The art insurance compensates the policyholder in case of physical loss or damage to these valuable art items.
Art insurance coverage includes any unforeseen and sudden physical loss or damage caused to the insured asset. The art insurance coverages also include transit of insured artworks i.e., if the artwork gets damaged during the transportation. Following are some examples of assets that can get covered under the art insurance policy.
The art insurance eligibility criteria is very simple. Any person who owns valuable paintings, drawings, antique items, fine art, statues and sculptures can buy art insurance cover to protect his collectibles against damage or loss. Generally, this policy is bought by
Cover Accidental Damages
All Risks Cover
A fine art insurance policy is a customized product and would need a requirement analysis before we can curate the coverages and features for you. Different art insurance companies provide different coverages and charge accordingly. When you connect with us, our insurance expert will understand your requirements and will provide you the best art insurance policy. Following are some of the top insurers that provide an art insurance and we can get competitive quotes from them-
Insurance companies follow certain procedures for the art insurance claim process. It is advised to follow the claim process as it will fast track your claim settlement. Following are some steps for processing the claims:
Following are the list of art insurance documents required for processing a claim under an art insurance policy:
It is important to have an up-to-date valuation of your artwork to ensure you are fully covered in the event of a claim. Factors such as artist, market value, date becomes important when art is valued for art insurance. Ways in which different categories of art is valued for Art insurance
Insured own artwork: Insured own property...
We have specialized underwriters and tie-ups with international experts.
We work with all insurers to get you the best options- both in terms of price and features.
Cover notes are issued within hours of request. This ensures that your goods don’t sit idle at any stage.
We manage all aspects of your claim - from preparing documentation to follow-up with the insurer.
We will advice you on risk management best practices.
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