Insurance for paintings and art work
At Assetsure we have many years of expertise responding to customer requirements and our Fine Art insurance is no exception. We can tailor make a policy to suit your needs so whether you have a single item or a collection, we can assist you with a policy that will adapt as your collection grows. We have listened to collectors and our core policy wording has been constructed to offer the real cover that owners of fine art demand and require. Our Assetsure Fine Art Insurance policy is unique to ourselves, you won’t find it on sale anywhere else and it is fully underwritten at Lloyd’s of London, the world’s oldest insurance institution.
What items of Fine Art will we insure?
At Assetsure we will consider any item of artistic merit not limited to paintings, sculptures or objets d’art, in fact whatever item you own or an interested in acquiring, contact us for a quote. We believe our fine art insurance policy wording offers the covers demanded by owners and collectors of art. We prefer to insure items of art on a specified basis, we will produce a schedule of insurance with a list of your items on cover,however for smaller items of lower value,we may on request issue cover on an unspecified basis. Unlike many insurers, we are happy to issue cover for single items of fine art or collections, As your collection grows, you can add items to your policy and only pay the pro-rata adjustment required, we charge no brokers fees for making adjustments.
What type of cover do we offer?
We have developed our policy to provide all the covers we believe that collectors of art require, this is wider than that offered by most standard home insurance policies. The basis of our cover is “Worldwide all-risks” this offers very wide cover and includes accidental damage, fire theft and loss. We are also pleased to be able to offer fine art insurance excess free, in the event of a claim; we will make no deduction from our settlement.
We include depreciation cover as standard, we realise that some pieces of fine art if damaged, even if expertly repaired can lose value, we will insure you for loss of value following repair. Defective title is an additional peril we include for our policyholders. For your items purchased during the period that the fine art has been insured with us, if someone claims the item is not rightfully yours and you have to return the item, will reimburse you up to the amount you paid for the item. We will also pay up to 100% extra if an item is lost or damaged until the renewal date and you have had a chance to review the sums insured. We also realise that many people are buying fine art online, our policy has the added benefit that we can offer cover for online purchases, for full details of how we operate this cover and other value additions such as “Pair & sets” and items on loan to a museum or gallery.
How to obtain a quotation ?
Obtaining a fine art insurance quote from Assetsure is easy and we can normally provide quotes within an hour, we have an online form which you may use to obtain a quote or we are more than happy to speak on the telephone to take your quote instructions, we welcome new fine art insuranceenquiries and are happy to quote on risks regardless of how small or large.