Fine Art Insurance Policy Paintings 
Art Appraisal Resources
JULY 13, 2023
You should check with your insurance provider to see what is and is not covered by your homeowners or rental insurance policy. You do not need a formal written appraisal to sell most fine art. The IRS Requires a formal written appraisal by a Qualified Art Appraiser for any fine art donated with a value over $5000.
Artifactual History Appraisal
SEPTEMBER 17, 2019
Examples of retail replacement value are the price an art gallery asks for a painting in their inventory, the asking price of a table by a furniture designer, or the manufacturer listed price of a sterling silver serving item. The next level is Fair Market Value.
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McAllister Fossum Appraisal Services
SEPTEMBER 19, 2019
Understand Your Homeowner’s Insurance Policy The biggest problem I see after a devastating loss is underinsurance, meaning that homeowners suffer a loss yet fail to recover tens of thousands of dollars just at the time when they have lost everything they hold dear. At this point, you know you have at least $7,000 worth of fine art.
International Society of Appraisers
MARCH 14, 2025
The insured ends up with a comparable, used property and not a new property. Replacement cost comparable is generally used for antiques, collectibles, fine art, period jewelry, among other types of property. Since the client is a publishing firm, their insurance policy is likely different from general homeowners.
Art Peritus
SEPTEMBER 3, 2024
Today, major insurers are well-versed in protecting collections, some offering policies specific to the type of items collected. Most standard policies will not provide this degree of specific coverage. Many fine art policies will even cover market fluctuations, protecting collectors up to 150% of the scheduled value.
Art Peritus
FEBRUARY 17, 2023
Art Peritus recently sat down with Katja Zigerlig, Vice President, Art, Wine and Collectibles Advisory at Berkley One, a Berkley Company (WRB) to discuss the nuances of collecting and insuring Fine Art. It’s also important to use a professional appraiser, like the staff at Art Peritus.
Fine Art Estates
JUNE 4, 2021
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.
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