Protecting Your Investment Insure Your Art Collection at Fine Art And Collecting
Fine Art And Collecting - Protecting Your Investment Insure Your Art Collection Fine Art And Collecting - Fine Art And Collecting articles Fine Art And Collecting - Online Information Resource Protecting Your Investment Insure Your Art Collection - Information Resource

Fine Art And Collecting Reviews

Protecting Your Investment Insure Your Art Collection

Protecting Your Investment: Insure Your Art Collection

It is an unfortunate fact that art theft is a common occurrence and has been for some time soon. Unfortunately, thieves have realised that art is extremely valuable and can hold office sold on the black market for millions of dollars with ease. However, what are you to do if your collection is stolen? You cannot supersede unique works with another one that is the same. It is just not possible. You can compensate the money and set about building your art collection up again, but it will take time and where are you to get the money from to buy another lot of artwork that moves you as much as your old artwork did? That is where insurance comes in. You commitment fabricate sure that every work of art that you own is fully insured so that if anything does happen to them then you can recoup your financial loss even if you cannot help to cure the emotional loss of your collections.

Art insurance is completely different from regular household insurance. For a start off, the limits are so much more than household insurance, and most insurers will not insure art collections with your household insurance anyway because of the high value of the work. Valuables insurance will not plain cover the higher priced pieces and this is something that you have to consider when you are thinking about owning art, before you even purchase your first piece.

There are companies that will insure your artwork and other high value items and can tailor the individual policies to meet your own individualistic needs. These companies will assess the value of your work and set an initial price, which can then be altered to suit your needs as and when diverse items of artwork are added to the collection. They will also hold an inventory for you so they entrust be able to facilitate your claim if any of the pieces are stolen. You just have to let them know when you add another piece to your collection and they will happily alter your policy for you. With these companies, there is no need to take out separate policies for each individual piece.

Some insurance companies truly have insurance policies that cover all aspects of your local life. That is to say that they will primarily insure your art but then offer buildings and contents insurance as part of the same policy. Fine art, antiques and classic cars can all be insured via these companies. There are also extras such as art insurance when you are transporting your art pieces elsewhere. Artscope Insurance in the UK is one of the companies that leave proposal such policies with comprehensive all round cover. AXA is another company that offers this cover globally. AXA is an excellent company because they will insure businesses as well as native collections.

There are examples of art thefts everywhere that should provide you with a good reason to get art insurance. Integral you have to act is log onto the FBI website and take a look at the list of stolen art on there to know that art theft is extremely hackneyed. Also, remember the heist at the Isabelle Stewart Gardner Museum in Boston. Over $200 million of art was taken and not insured ergo the company had no compensation at al for their loss. This is an extreme plight because the majority of collectors do not have collections worth that much, but it is most definitely worth bearing in mind!


2nd Fine Art And Collecting - Protecting Your Investment Insure Your Art Collection 2nd Fine Art And Collecting - Fine Art And Collecting articles Fine Art And Collecting - Fine Art And Collecting articles



More Fine Art And Collecting Resources

To search the massive ebook directory, enter your search term in the box below



Search This Site




More Fine Art And Collecting Reviews

Essential Information On Protecting Your Artwork

... can cause irreparable harm. However, it is essential that a certain level of care be administered to regularly preserve it. For example, all sketches, paintings and prints should be framed wherever possible, and complete sculptures and models should be encased power a protective cover. Although sustenance ... 

Read Full Article  

DonĘt Avert Your Eyes

... sexual images. Along with those images were some lovely photographs of flowers, fruit and children. But because the artist has offended the sensibilities of some, many interpreted his other art works, particularly those of the children as obscene. Look at each artwork in its own context. It is possible ... 

Read Full Article  

And The Debate Rages On Fine Art And Graffitti

... However, it has had a heavier sinister meaning in society for some years now and this is inimitably likely the basis why traditionalists do not want to acknowledge it as fine art. Letters, names and images are commonly sprayed or scratched onto walls to represent certain private messages that are left ... 

Read Full Article  

How To Start Your Own Gallery

... haul artists, sponsors and press aggrandizement and should be energetic to make all of those feel comfortable in your gallery. Attracting customers is also a big part of any business so make sure that you are well prepared! There is so much more to opening a gallery than meets the eye. You have all of ... 

Read Full Article