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Why do you need to have extra insurance coverage for fine art & jewelry?

International Society of Appraisers

” Specifically, many people may not realize that traditional homeowners insurance policies typically have coverage limits that may not be sufficient to adequately protect high-valued property such as fine art, jewelry, or luxury items. Their expertise ensures that the valuation is accurate.

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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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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. With Fine Art the event is a secondary market auction hammer price. We have all seen the sensational headlines of “a new record auction price” for work of art.

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How To Determine If You Need An Art Appraisal

Art Appraisal Resources

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.

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Insurance Appraisals: Safeguarding Your Art Assets

JSK Fine Art Appraisals

In the unfortunate event of theft, damage, or loss, a comprehensive appraisal ensures that you can adequately recover the financial value of your assets through insurance coverage. Accurate Valuation for Adequate Coverage: The art market is dynamic, with values fluctuating over time.

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Insurance: Protecting Your Collection

Art Peritus

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.

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Art Peritus Art Industry Spotlight: Katja Zigerlig of Berkley One

Art Peritus

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. K: Yes indeed.