Essential Tips for Insuring Your Fine Art and Other Valuable Collections

If you own a fine art collection or other highly valuable items, you may be interested in finding thorough insurance for fine art. Insuring your art and other valuables can prove essential in the long run and provide you with extra peace of mind. Before you lock down a policy for your most prized collections, however, there are a few pointers you should keep in the back of your mind.

Search for a Policy That Covers Your Most Valuable Possessions

Before you pick a fine art policy, it’s important to check that your desired policy actually provides coverage for your valuables. Many collectors’ insurance policies provide coverage for:

  • Fine art
  • Jewelry
  • Family heirlooms
  • Rare coin collections
  • Fine china
  • Historical objects
  • Wine collections

Look for High-Value Types of Coverage in Your Policy

There are several essential coverage types you may want to secure through your fine art insurance policy. For instance, look for:

  • Worldwide coverage
  • Coverage for newly acquired property
  • Insurance up to your collections’ current market valuations
  • Coverage for preparation and maintenance costs
  • Coverage in the event of theft or breakage
  • Coverage for collection loans to others

From giving you an extra layer of security to providing essential peace of mind, there are numerous benefits to securing extensive insurance for fine art or other valuable collections you may have. As you explore your policy options, keep these tips in mind.