What are my options for insuring my art collection?

What are my options for insuring my art collection?

You have several options for insuring your art collection, including specialized art insurance, homeowners insurance riders, and blanket policies. Would you like to know more about any specific type?

What is specialized art insurance?

Specialized art insurance is designed specifically for art collections, covering risks like theft, damage, and loss. It often provides higher coverage limits and tailored policies for individual pieces.

How do I choose the right insurance policy?

To choose the right policy, consider factors like the value of your collection, the types of coverage you need, and any specific risks associated with your art. Consulting with an insurance broker who specializes in art can also help.

Are there any exclusions I should be aware of?

Yes, common exclusions may include wear and tear, damage from natural disasters, or specific types of artwork. It's important to read the policy details carefully.

Can I insure art that I bought at an auction?

Yes, you can insure art purchased at an auction, but make sure to have a proper appraisal and documentation to support its value.