Remove Blog Remove Coverage Remove Insurance
article thumbnail

Fine Art Insurance 101

Fine Art Estates

Three Insurance Experts Explain the Intricacies of Insuring Your Art Collection I am often asked by clients if they should cover their art under their homeowner’s insurance (HO) or if they should investigate insuring their art with a separate fine art collectors’ policy.

Fine Art 130
article thumbnail

Why do you need to have extra insurance coverage for fine art & jewelry?

International Society of Appraisers

One question you should ask yourself is “am I properly insured if something catastrophic happens?” ” Insurance companies often require an appraisal before providing coverage for fine art and jewelry.

article thumbnail

Why Art Collectors Need the Right Insurance

Veritas Art Appraisals

Some of the most common questions advisors hear from clients about their fine art and collectibles are, “Does my homeowner’s insurance provide coverage for my artwork? A typical homeowner’s insurance policy affords you a little bit of coverage. Do I need a special rider?”

article thumbnail

Reason for appraisal updates

James Farrow Company Jewelry Appraisers

If the rings were insured initially for the sale price of $10,000, they may feel slightly better. The insurance company is not to blame at all, as the value of record is $10,000 which is all they are obligated to provide. Work should be done on the prongs, shank(s) and insurance in order to avoid the circumstance listed above.

article thumbnail

Insuring and Valuation Updates in more Dynamic Markets

ValuePros Appraisal Services

By Ray Nugent Fine Art Insurers require more frequent valuation updates for Fine Art items than other less dynamic markets. Insurers are keenly aware of this phenomenon and therefore, require regular valuations updates, typically, every 2-3 years. Coverage is relatively affordable.

article thumbnail

Insurance Appraisals: Safeguarding Your Art Assets

JSK Fine Art Appraisals

In this blog post, we explore the crucial role of insurance appraisals in safeguarding your art collection, providing insights into why this process is indispensable for every art enthusiast and collector. Accurate Valuation for Adequate Coverage: The art market is dynamic, with values fluctuating over time.

article thumbnail

Should I Have My Antiques Appraised for Insurance Purposes?

Harrison Appraisals

It’s crucial to have an accurate understanding of their replacement cost, especially when it comes to insurance purposes. In this blog entry, we’ll discuss whether a person should get their antiques appraised for insurance purposes.