Fine Art Insurance Policy Retail Replacement Value 
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.
Artifactual History Appraisal
SEPTEMBER 17, 2019
You may also see this level of the market described as “replacement cost,” which is a term used by the International Society of Appraisers. Actual Cash Value is Retail Replacement Value minus depreciation, which can be a deduction made for age, damage, or another factor. The next level is Fair Market Value.
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