Art Insurance

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We provide specialised art insurance service that is tailored for various art collections, works ranging from Old Masters to Contemporary Art, Vintage Wine to Vintage Couture, Sculpture to Ceramics and Antiques to Antiquities. Art insurance claims are payable in the event of:

  • Loss
  • Accidental Damage
  • Damage caused by Pet
  • Vandalism
  • Fire
  • Flood

Here are two interesting examples of claims that have been made, with respect to valuable art pieces.

1. An Accidental Damage Claim:

In UK, two sisters, in the midst of their squabbling damaged a painting which was insured in the hundreds of thousands of pounds. When one of them threw a magazine at the other, it ended up hitting the valuable equestrian painting, tearing the canvas and reducing the painting’s value as a result.

2. A Flood Damage Claim:

Generally, properties beyond the ground level of a building are regarded as safe from the danger of flood damage. However, for some policyholders, this has not been the case. For example, the storerooms on the fifth floor suffered flood damage as a result of a blocked pipe. Majority of the artworks stored in there were affected. Although most of the artworks can be restored, the policyholder may not be so lucky if the event reoccurs.

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Contact us today for professional advice on this product or request a non-obligation quotation.

Sourcing for an insurance quotation can be tedious and time consuming; the claim process can become pro-longed and complicated. We provide one stop services for you to handle these and offer the most competitive quotation.

 

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