article thumbnail

Fine Art Insurance 101

Fine Art Estates

Depending on the damage, it may not be desirable to file a claim. But it is always best to notify your broker of the damage so they can notify the insurance company. It is better to err on the side of reporting damage; claims can always be withdrawn if it is decided to handle the expenses out of pocket.

Fine Art 130
article thumbnail

Should I Have My Antiques Appraised for Insurance Purposes?

Harrison Appraisals

In this blog entry, we’ll discuss whether a person should get their antiques appraised for insurance purposes. And while they may hold significant sentimental value, antiques and decorative objects may also have considerable monetary worth.

article thumbnail

“Appraising in the World of the High-Net-Worth Client”

Art Advisor's Blog

So, if there is a damage claim and repairs have been completed, an assessment is made whether there has been a loss of value due to the damage, in that case compensation can be made. Such coverage is much more comprehensive protection against loss. It usually covers natural disasters such as windstorm, earthquake, etc.