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Insurance for your Art Collection
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Started by Carl Elvis,

13 posts in this topic

sfilosa

sfilosa

Posted
Posted

If you own a home, ask your agent. I get mine from a different company then who insures my home, but they also insure other items (such as jewelry) on the same policy as my art. I'm paying around a little more than 1/2 percent of the value of my collection on an annual basis. One, if you have an issue, you have your agent to help you on the claim and two, the agent can rebid it every year if necessary.

 

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Stefanomjr

Stefanomjr

Posted
Posted

I've been using Collectibles Insurance - was recommended to me by Jason at Essential Sequential. They are easy to work with. Recently had to ship a piece I sold and, to my delight, turns out the shipped art is insured through my policy. So got to save on insuring via FedEx - that was a nice bonus.   

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Garf

Garf

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It's an interesting question, there are probably a few different answers depending on who is asking. You might not have to look at a specialist insurer if you don't have a large or extremely valuable collection, the caveat here is I live in the UK so my experiences are probably going to differ slightly. I thought that I should be able to get a complete package from one of the well known UK insurers as I didn't have a vast amount to cover. It took quite a bit of ringing around to get the right quote but it was definitely worth it as I ended up with a lot of perks across my entire home policy. Collectables had a limit, but that was something I could set. Definitely read the small print and keep in mind how it can be argued in your insurer's favour. As an example a regular insurer might deem you have several different collections that fall under your limit, or might not differentiate between reading material and collectable comics. 

Whatever you do it's definitely worth getting the best insurance that you can afford. Take the time to run through your contents and breakdown with them beforehand over the phone to check off everything you need covered. Maybe once a year get your mobile and do a floor walk video of your entire property. Chances are you will never need it, but just in case you do it shouldn't be half arsed.

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grapeape

grapeape

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Posted
On 9/15/2020 at 2:59 PM, exitmusicblue said:

My insurance?  Daily sacrifices offered up at the Temple of Sal & Boris.  Grapes and apes aplenty.  Also, the P-Nutz ritual (involves hitting life-sized Peanuts dolls in the... you guessed it).  So far so good.

ommmmmmmmmmmmprotectthebeautfuldrawingsommmmmmmmmmmmmmmmmmmmmmmmmmmmmpyramidsong800%slowerommmmmmmm

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