Private Client Services
Fine Art
With a discerning taste and appreciation for the finer things in life, let us pay attention to the fine print and details on your fine art and specie insurance.
These valuable assets not only reflect your individuality but also contribute to the cultural richness of your surroundings.
A Common Misconception
Many standard policies look at these items as a depreciated asset class when they should be viewed as an appreciating investment — and protected as such.
Start the Conversation →It is critically important to secure tailored insurance coverage for these treasures, distinct from the limitations of standard home insurance. The cost of art insurance is priceless when it comes to protecting the items that you have collected and invested in over your lifetime.
Breaking out fine art, antique furniture, and specie from the home policy’s contents limit is a strategic move that recognizes the unique value of these items. Sub-limits and the imposition of the home deductible within a standard policy may leave these high-value possessions inadequately protected.
When it comes to insuring larger valued items, itemizing allows for a detailed and individualized approach to valuation. Each piece is assessed for its unique worth, ensuring that in the unfortunate event of damage or loss, you are reimbursed based on its true value.
Key Capabilities
How We Structure the Coverage
Items to consider:
Consider list loads from the CMS.
- Itemizing larger pieces so each is valued on its own merit.
- Blanket coverage for smaller items or a collection of less individually valuable pieces.
- Removing the home deductible from your art and antiques.
- Proper placement and hanging procedures for your fine art.
- Coverage for items in transit or on loan to a museum or institution.
- How often to have pieces reappraised as values appreciate.
Not sure what your current policy actually covers?
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