Specialist Insurance: Art Insurance - 26 Oct 2009 23:13
While most household insurance policies can include specialist items such as art and jewelry, these policies generally fail to cover the specialist item appropriately to its value. Although general insurance policies stipulate that such high cost products be declared, sometimes even requiring a separate insurance policy, it’s only covered under an All Risk policy. These policies fail to cater for the unique perils associated with your specialist item.
Art lovers and collectors have had to insure their precious valuables under policies that don’t offer benefits for their art. Until recently, art insurance in South Africa has not offered world-class benefits. Carl Greaves Insurance Brokers now offer specialist insurance policies for art, antiques, collectables or memorabilia.
Artinsure offers top class benefits to local collectors. Loss or theft is not the only risk art collectors face but devaluation through damage is also covered under their specialist policy. If your art is part of a collection or a pair, any damage to that part has an impact on the whole collection.
Artinsure gives you the option to buy back your art if it’s stolen and then later recovered. The insurer will also provide storage for your valuables if necessary as well, to reduce the risk of them being left in an unoccupied home. The unique insurance coverage also covers any new art you may purchase before you even notify your insurer.
With Artinsure, you don’t need to take out a general All Risk insurance policy for your high-value collectables. The benefits cater for the unique perils facing your art.
While most household insurance policies can include specialist items such as art and jewelry, these policies generally fail to cover the specialist item appropriately to its value. Although general insurance policies stipulate that such high cost products be declared, sometimes even requiring a separate insurance policy, it’s only covered under an All Risk policy. These policies fail to cater for the unique perils associated with your specialist item.
Art lovers and collectors have had to insure their precious valuables under policies that don’t offer benefits for their art. Until recently, art insurance in South Africa has not offered world-class benefits. Carl Greaves Insurance Brokers now offer specialist insurance policies for art, antiques, collectables or memorabilia.
Artinsure offers top class benefits to local collectors. Loss or theft is not the only risk art collectors face but devaluation through damage is also covered under their specialist policy. If your art is part of a collection or a pair, any damage to that part has an impact on the whole collection.
Artinsure gives you the option to buy back your art if it’s stolen and then later recovered. The insurer will also provide storage for your valuables if necessary as well, to reduce the risk of them being left in an unoccupied home. The unique insurance coverage also covers any new art you may purchase before you even notify your insurer.
With Artinsure, you don’t need to take out a general All Risk insurance policy for your high-value collectables. The benefits cater for the unique perils facing your art.