Fine Art Insurance
Fine art Insurance
Masterpieces Secured, Legacies Preserved: Fine Art Insurance Excellence
Welcome to Art Insurance by Arkwright – an exquisite blend of protection and appreciation for the finer things. Our insurance is a testament to safeguarding the cultural and aesthetic treasures that adorn your collection. Crafted with precision and expertise, our coverage ensures that your art is not just protected but celebrated for its beauty and significance.
Why You Need Arkwright Fine Art Insurance
Bespoke Coverage
Fine art insurance provides coverage for valuable paintings, sculptures, and other artworks. It offers protection against damage, theft, or loss, giving art collectors peace of mind.
Comprehensive Protection
This type of insurance is essential for safeguarding investments in art and ensuring financial security in case of unforeseen events.
Specialised Expertise
Our team understands the essential for protecting valuable artwork. We provides coverage for damage, theft, and loss. This type of insurance is crucial for art collectors to safeguard their investments and ensure their pieces are properly cared for.
Efficient Claims Processing
In the unfortunate event of a mishap, our efficient claims processing ensures a swift resolution. We understand the urgency in getting your supercar back on the road, and our team works diligently to streamline the claims process, minimizing downtime and inconvenience.
Insuring Fine Art
What is the best way of insuring Fine Art?
- Fine Art Insurance: Opting for a specialised fine art insurance policy is the best way to protect your valuable pieces. These policies are tailored to cover the unique risks associated with fine art, such as damage during transit or restoration costs.
- Regular Appraisals: Ensuring your fine art is regularly values can help keep your insurance coverage up-to-date. This is crucial as the value of art pieces can fluctuate over time.
- Secure Storage: Properly storing your fine art in a secure location, such as a climate-controlled room or a vault, can also impact your insurance coverage. Insurers often require specific storage conditions to minimize the risk of damage or theft.
Specialist & Enthusiast
Team of art specialists and enthusiasts who have a wealth of experience in fine art, including degrees in art history.
Artisan Repairers
Work closely with artisan repairers and experts in restoration to ensure the professional and sympathetic restoration of all things irreplaceable.
Offer specific fine art extensions including:
– new acquisitions
– defective title
– restoration and framing
– work in progress (due to damage in production or death of the artist)
– temporary removal
Pay for loss in value
Insurers may repair a damaged item of fine art or a collectable, they may pay for any loss in its market value.
Collection of Cover
Drawings, etchings, prints and photographs, statues and sculptures, antique furniture, and much more.
Claims service
UK based Specialist Team of Experts
FAQ
What is Fine Art Insurance?
Fine Art Insurance is a specialised insurance policy designed to protect valuable artwork, collectibles, and antiques against risks like theft, damage, fire, and accidental loss. It offers tailored coverage based on the artwork’s appraised value.
Why is Fine Art Insurance important for collectors and galleries?
Fine Art Insurance is essential for collectors, galleries, and museums as it safeguards against financial loss due to unforeseen events. It ensures that the insured pieces are covered for restoration, replacement, or compensation in case of damage or loss.
What types of art can be covered under Fine Art Insurance?
Fine Art Insurance can cover a wide range of valuable items, including paintings, sculptures, antique furniture, rare books, photographs, installations, and collectibles, whether privately owned or displayed in public institutions.
How is the value of fine art determined for insurance purposes?
The value of fine art for insurance is typically determined through professional appraisals, recent sales records, auction results, and market demand. Accurate valuation ensures appropriate coverage and claim settlement.
Does Fine Art Insurance cover artworks in transit?
Yes, many Fine Art Insurance policies offer coverage while the artwork is in transit, whether it’s being moved for an exhibition, sale, or private transfer. This protects against damage, theft, or loss during transportation.
Is Fine Art Insurance different from standard home or property insurance?
Absolutely — Fine Art Insurance offers specialised, higher-value coverage tailored to unique, irreplaceable pieces, unlike standard property insurance, which may have coverage limits and exclusions for high-value, rare items.
What risks are typically covered by Fine Art Insurance?
Fine Art Insurance generally covers risks such as theft, accidental damage, fire, water damage, natural disasters, vandalism, and sometimes mysterious disappearance, depending on the policy’s terms.
Can Fine Art Insurance policies be customized?
Yes — most Fine Art Insurance policies are highly customizable, allowing clients to choose coverage options based on the art’s value, storage location, transportation needs, and specific risk exposures.
Who should consider getting Fine Art Insurance?
Private collectors, art dealers, museums, galleries, auction houses, and anyone owning or handling valuable, unique artworks should consider Fine Art Insurance to protect their investments from potential loss.
How do I choose the right Fine Art Insurance provider?
To choose the right Fine Art Insurance provider, look for companies specializing in art coverage, offering tailored policies, proven experience with art claims, flexible terms, and professional valuation services.
