Art Works Insurance
The subject-matter of insurance – high-value pictures, sculptures, furniture, antiques, jewelry, etc.; collections and individual works of art. Works of art are insured against all risks, including fire, water damage, theft, and vandalism.
Insurance Cover
Benefits
Recommended for
works of art are insured at places of their permanent storage or places of display, during temporary expositions when works of art are leased or rented, at exhibitions, during transportation;
in the event of destruction or theft of a work of art, the policyholder shall receive an amount corresponding to actual market value on the day of the event;
in the case of damage of a work of art, the cost of its restoration and loss of its value shall be indemnified;
on the market, insurance solutions can be found where it is not necessary to provide intrusion evidence in the case of theft; proportional insurance clause is not applicable.
in addition to the insurance cover, the policyholder can obtain advice from a specialized broker or insurance company with expertise in the storage, transportation, and valuation of works of art.
art collectors (both private and corporate);
museums, galleries, auctions;
art dealers, consultants;
art restorers;
framers;
artwork carriers.