Fine Art Insurance in Metairie, LA
Fine art is treasured by those who collect it. Often, the artwork is unique and irreplaceable and worth a lot of money. Any damage to—or the total loss of—a piece of valuable art can be a devastating financial loss for the collector.
Many art owners assume their homeowners insurance policy provides the funds necessary to repair or replace their art after loss. However, that is often not the case. For those who need more complete coverge, securing fine art insurance may be a wise decision.
The professionals at Clockwork Insurance Services in Metairie, Louisiana, can help you get the policy you need. Contact us today to get started.
What Is Fine Art Insurance?
Fine art, or fine arts, insurance is a specialized insurance product that provides critical financial protection for art if it is lost, stolen or damaged. A specialized fine art policy typically goes beyond a standard homeowners policy that often only offers limited coverage for fine art.
Securing fine art insurance may be beneficial for art collectors since it may offer additional coverage features when compared to a scheduled property endorsement (e.g., the use of a fine art specialized adjuster for a claim). Our agents can provide guidance on the best way to insure your art.
What Does Fine Art Insurance Cover?
Various types of art may be eligible for coverage. Examples of high-value items insurable under a fine art insurance policy include the following:
· Paintings and sculptures
· A collection of objects whose value would decrease if a single item was damaged or lost
· Artwork that museums, art galleries or exhibitions would display
· Other items whose value exceeds the value of of items materials
Contact us to find out whether your fine art or collection qualifies for coverage.
Fine art policies may cover perils such as fire, breakage, water damage, mysterious disappearance and theft, and they may also compensate for the loss of value and accidental damages. Other causes of loss may be covered. Our agents can provide more information on terms, limits and exclusions and necessary documentation (e.g., appraisals from certified professionals or photographs) that may be needed for a policy.
How Much Does Fine Art Insurance Cost?
The cost of fine art insurance depends on several factors including the value of the specific piece or collection being insured, your location and protective measures that are in place. Contact us for a quote.
How We Can Help
Clockwork Insurance Services Inc. has over three generations and 80 years of experience helping people insure their valuables. To get your policy started, call us at 844-288-3122.