Art Insurance now goes “Beyond Art” From Fine Wines to Industrial Artefacts and offers an improved coverage to your Household policy…

With interest rates currently giving such a low return on investments, many people are buying artefacts and historical collections to look for a better return on their investments; but that means these interesting and unusual items will need to be insured properly.

How can I Insure my….  Is a question we are often asked and it can be an enormous range of interesting things that are not as simple as a painting or a diamond necklace.

 

Here are some examples:

A Stamp collection, suit of armour, Books, manuscripts, archive material, prints, photographs, posters, signs and advertising materials, Clocks, Ethnic arts, Fine wine, bottles and glasses, Fossils and mineral specimens, Furniture, lighting and mirrors, Historical artefacts, Industrial heritage, Memorabilia, Musical instruments and musical collectibles, Rugs, Scientific instruments, Silver, ceramics and glass, Textiles, lace and embroidery, Toys, dolls and games, and  Visual art and sculpture.

With valuable items like these, you can have an improved coverage from a fine art insurance policy instead of your standard household policy. The best way to find out is if you can answer YES to any of these questions:

• Are they valuable items that would be difficult to repair or replace if damaged?
• Are they a set of objects, where the value would fall materially if one piece were lost or damaged?
• Do you often buy or sell new art works or collectibles?
• Do you lend your objects for exhibitions?
• Do you have valuable items in storage?
• Is your house sometimes open to the public or for special gatherings?
• Do you know the best people to estimate or repair your objects if they are damaged?
• Are any of your collectible items fragile or delicate?

If you have any YES answers to these questions, it would be a good idea for you to speak to a good Insurance Broker about the details of having a Fine Art Policy instead of relying on your household insurance. You could find that in the case of a claim, your Household Policy just can’t pay out enough for you to replace it – if indeed it is possible to replace it.

Our next article will look at the differences between a Fine Art Policy and a Household Insurance Policy, but if you can’t wait; and want some good old fashioned advice, just call or Skype us on 0116 344 00400116 

Our Head Office is in Leicester but we insure people across the UK…