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Why You Need Art Insurance?

? ?? ? THE BIG QUESTION: Why waste money insuring something irreplaceable? Samples of stolen irreplaceable art that were NOT insured The Scream The Concert by Edvard Munch by Johannes Vermeer Poppy Flowers by Van Gogh The Storm on the Sea of Galilee by Rembrandt But why were they uninsured? They were so valuable that no amount of insurance can replace them. Average value of an irreplaceable piece of art: %24 $100,000,000 Insurance Truth: An Art Insurance Policy CANNOT cover the value of such pieces. BUT $5M WHICH IS BETTER? $0 A stolen painting and a $5 million insurance A stolen painting and a $0 insurance settlement settlement or WHAT DO YOU DO WITH THE INSURANCE MONEY IF YOU CAN'T REPLACE AN ART PIECE? Hire top private investigator for the theft case. Upgrade to a top of the line security system. Some art insurance tips for collectors and artists: 1. Document or photograph your collection for cases of claims. 2. Work with an insurance company that specializes in art insurance. 3. Buy as much insurance as you can comfortably afford to be compensated even if it's not equal in value. It's better than zero replacement. 4. Know your policy and be aware of the specific risks covered. 5. Having a security system upon applying for insurance lowers premiums. ASK US ABOUT PRIVATE ART INSURANCE VILLAGE Insurance Visit

Why You Need Art Insurance?

shared by villageinsuranc... on Oct 21
There is no insurance policy that can fully cover the cost of irreplaceable art but having $500,000 is still better than zero replacement. Here's what you need to know about Art Insurance. Get in touc...


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