Fine Art Insurance in Metairie, LA

Collecting fine art can be lucrative and rewarding. But whether you own paintings, sculptures or other forms of fine art, such property represents a significant financial investment. Given the potential value of artwork, you must be diligent in protecting your property and financial interests by having adequate fine art insurance. 

What Does Fine Art Insurance Cover? 

As its name suggests, fine art insurance can provide critical financial security for your artwork. It may also be a suitable choice for other collectibles. While the treasures you’re seeking to insure may vary, this coverage can generally protect various collections by helping to pay for losses arising from the following: 

• Theft
• Water damage
• Fire
• Smoke damage 

When assessing your fine art insurance needs, you should be aware that homeowners insurance is generally only capable of partially protecting your collection. While these policies, as well as renters and condo insurance, may include limited coverage for artwork, a separate policy or endorsement may be necessary to help ensure adequate financial security. 

Why Is Fine Art Insurance Important? 

This coverage should be a top priority if you collect valuable fine art. Without a suitable policy, you may lack the financial resources to restore, replace or otherwise recover from incidents affecting your collection.  

You should also be diligent in regularly reassessing the value of your collection. If pieces increase in value, you may need to increase your coverage limits. Given the potential complexities of insuring fine art, you should consider consulting a qualified insurance professional. 

In many cases, your fine art insurance may only provide coverage for the pieces currently in your possession. If you plan to lend part of your collection to a museum, gallery, exhibition or other party, additional insurance may be necessary. Your agent can help ensure that your art remains adequately covered while in another party’s possession or while in transit. 

Get the Right Coverage 

We’re here to help. At Clockwork Insurance Services, we have specialized experience in helping our clients protect specialty and valuable items. Our agents will use their extensive knowledge to help you understand the optimal steps to securing suitable insurance for your fine art. Contact us today to get started.