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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
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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. Appraisals are crucial in the art market, providing essential information about artworks' value, authenticity, and condition.

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Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

You will be provided with a comprehensive report including a description of the work, the valuation method used and the final appraised value. Insurance, Damage and Loss Appraisals Insurance appraisals establish the value of artwork for insurance purposes. This value is used for tax deductions.

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The Importance of Contemporary Art Appraisals

Art Appraisal Resources

An appraisal performed by a certified art appraiser helps the purchaser gauge the artwork's fair market value and authenticity before finalizing the acquisition. The appraisal often serves as an important document which details important aspects of the items condition, medium and provenance, as well as exhibition history if known.

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Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

Without those other two data points of 1) market level and 2) point in time (which is commonly referred to as the “effective date,” meaning the date the appraised value is effective for), any number that is thrown around as a value is essentially meaningless. The next level down of value is Actual Cash Value.

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The Essential Guide to Jewelry Appraisal and Insurance

Buckhead Jewelry Appraisers

Getting jewelry insurance is a responsibility that goes with owning fine jewelry. Having jewelry insurance ensures the protection of your jewelry from financial loss due to theft, loss, or damage. Jewelry appraisal for insurance is the most essential requirement for getting jewelry insurance.

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need an insurance appraisal update?

Drishti LLC Appraisers

​A client recently called us to update an insurance appraisal for original Andy Warhol prints. A previous appraisal from two years ago was available, however, the insurance company insisted on a new appraisal. You might wonder why insurance companies, such as Pure Insurance ( [link] ) or Huntington T.