Collecting art is an emotionally-driven and passionate endeavor to embark on. Preserving and protecting your art investment is an important part of collecting. Having a personally-designed insurance plan for your collection can ensure that you have peace of mind knowing that no matter what, your fine art collection is protected.
In order to best assist you in the preservation of the collection and your financial investment, we offer Fine Art Insurance policies designed to meet the unique needs of your prized collections and ensure that you are covered.
What Is Fine Art Insurance?
While the homeowners insurance policy will typically cover your personal belongings, the limits of these plans often do not cover the full value of a fine art collection. This is why adding on specialized fine art insurance can ensure you are fully reimbursed in the case of an accident.
This coverage provides critical financial protection for collectors in the event that your art investment is lost, stolen, or damaged by a fire, burglary, or other unforeseen circumstance. This specialized policy goes beyond a typical homeowners policy and is often based on the premise that owners want to preserve objects or collections for future generations.
What Can Be Insured Under A Fine Art Insurance Policy?
The types of art that can be covered depends on the risk of each individual carrier and the value of the collection itself.
All of the qualifying objects have one thing in common, its value goes well beyond an ordinary function or material. While this may be subjective in the world of art, a collector might need a fine art policy if they have:
- A unique item that will be difficult or impossible to replace
- A collection of objects whose value would drop if one piece were damaged or lost
- Artworks that they lend to museums or exhibitions
- Valuable items held in storage
- Fragile, delicate, or very old and original items
Get Fine Art Insurance From Atlas Insurance Agency
Our fine art policies will cover nearly every potential risk that your collection may face. All policies will cover situations like fire and theft, while also compensating for the loss of value resulting from accidental damages.
You never know if you need insurance until you actually do! Don’t wait until it’s too late and secure your fine art collection today. Reach out to Atlas Insurance Agency over the phone at (808) 400-6680 or request a free quote online.