Fine art or even your baseball card collection is all part of what our insurance specialist can offer. Coverage for highly-valued works of art. In the insurance industry, the word “art” means more than just a Monet, Vincent van Gogh, Picasso, Matisse, Rembrandt, or da Vinci. Art goes far beyond a photo or a painting that hangs in a gallery, museum or art Studio. Virtually anything that has value beyond its function is ART. An old Babe Ruth or Willie Maysbaseball card, your painting of dogs poker, a piece of art like a trophy or Sculpture. If it has intrinsic properties it can be considered fine art.
As a result, art insurance is available for a wide range of artistic pieces, including paintings, sculptures, antique pieces of pottery, rare coins, textiles, manuscripts, pieces of armor and even valuable historical books.
Commonly fine art insurance policies have a valuation clause. This means, if the artwork is damaged beyond or stolen, they will reimburse you with the current market value of the piece at the time that it was lost.
Art Insurance Policies
There are two different way Art insurance policies are sold. Scheduled basis or blanket policy.
- Scheduled basis: Each individual piece is insured up to a certain amount. So, as you bring in new pieces of “art” you must identify and appraise the pieces.
- Blanket policy: An entire collection is covered with an overall policy limit and no maximum per-item payouts). Blanket policies are often purchased by universities, museums and galleries to protect their large collections, however, individual and private collectors with smaller groups of valuables usually opt for scheduled coverage.
Art and specialty items are insured every day. There are some things that are so valuable that you cannot afford not to insure them. Antiques, paintings, statues, custom jewelry and many other works of art are insured every day. The owners of these expensive items don’t have to worry about taking a total loss in the event of a theft, fire, or other catastrophic incident.
Art Insurance Cost
Enter CompareAQuote. We are committed to finding you an art insurance policy. We do this by comparing cost with different insurance companies. We are not obligated to any one company, so above all else we are free to secure you the best deal. You treat your Art differently than your other property, so your insurance needs to be different too. Your insurance needs to be tailored to the way you store and present your art. You want to protect your investment and insure it for its full value. This is your pride and joy and your insurance policy needs to reflect that. The most important features you need are protection of your investment in the event of theft, fire, vandalism and other losses, as well as the usual protection that an art or specialty item affords. CompareAQuote is here to help you determine the coverage you need at a cost that makes sense for your investment.
Art Insurance Why CompareAquote.com
Reliability is the most important issue when it comes to insurance, especially in the case of art insurance. Insuring Art and specialty items are done every day. There are some things that are so valuable that you cannot afford not to insure them. Antiques, paintings, statues, custom jewelry and many other works of art are insured every day. Stop worrying about your expensive items in a total loss because theft, fire, or other catastrophic incident.