Remove Coverage Remove Insurance Remove Maker/Artist
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

The Art of Appraisals: Understanding their Vital Role in Insurance

Art Appraisal Resources

Whether you're a collector, an art enthusiast, or an artist, knowing the worth of your artworks is crucial. In this post we explore art appraisals' critical role in the context of insurance. Once you have the appraisal report in hand, you can present it to your insurance provider.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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. Their expertise ensures that the valuation is accurate.

article thumbnail

What Are the Different Types of Jewelry Appraisals

Buckhead Jewelry Appraisers

Whether it's a family heirloom passed down through generations or a recent acquisition, knowing it's worth not only provides peace of mind but also serves practical purposes such as insurance coverage, resale considerations, and estate planning. This is where jewelry appraisals come into play. Specialized Appraisals: a.

article thumbnail

The Importance of Contemporary Art Appraisals

Art Appraisal Resources

Insurance Coverage Artwork, especially valuable contemporary pieces, can be a significant asset that requires proper insurance coverage. Insurance companies typically ask for a current appraisal to determine the appropriate coverage and ensure adequate compensation in the case of loss or damage.

article thumbnail

How To Determine If You Need An Art Appraisal

Art Appraisal Resources

Value matters and an art appraisal completed by a qualified art appraiser can save you substantial money by not selling too low, insuring too low, or paying too much in estate tax or equitable distribution. Insurance Purposes: Artwork can be a valuable asset, and it is essential to ensure that it is adequately insured.

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. The specific event can send ripples through the entire genre and certainly impact the value of other works by that specific artist, in this case positively.