Anyone can purchase Art Insurance, who has an insurable interest in the piece of art such as a sculpture, painting, or print. Insurable interest of the insurance buyer simply means that as a consequence of damage to the insured art, the person paying for the insurance will suffer a monetary loss. Insurable interest of an […]
Articles Tagged: Art Insurance cover
What does not cover under Art Insurance?
Art insurance secures the most precious work created by an artist against financial damage. The coverage is applicable for all of the insured perils or risks. The following risk does not cover in art insurance: Art insurance does not cover loss to the insured article due to the aging of its intrinsic material. Loss to […]
What does “Wall to Wall basis” mean in Art Insurance?
Statues, antique furniture, fine art, musical instruments, and other important collectibles are classified as assets. If you are a corporate collector, individual collector, fine art dealer, antique dealer, or if you have museums or hold art exhibitions, it makes sense to go with art insurance to provide comprehensive protection to the insured property against losses […]