Fine Art Insurance

At Assetsure we have many years of expertise responding to customer requirements and we are experts in arranging insurance for valuable items.

Art insurance is no exception. We can tailor make a policy to suit your needs so whether you have a single item of art or a collection, we can assist you with a policy that will adapt as your collection grows.

We understand that art collectors require specialist insurance and the core policy wording we provide has been designed to offer the real cover that owners of fine art demand and require.

Art Insurance arranged by Assetsure can help protect your most treasured possession, the policy is also very flexible, you can add additional pieces throughout the policy term and only pay for the additional insurance, we make no separate adjustment charges.

What items of Fine Art can we insure ?

At Assetsure we will obtain insurance quotations for 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.

Popular requests for cover are not limited to original works of art, we also insure a good number of prints including limited edition prints, with our customers liking the ability to add extra items to their policy as their collection grows.

We believe the Art insurance policy wording we provide offers the covers required by owners and collectors of art, standard home insurance policies often lack the depth of cover that serious collector of art require.

Items are usually insured on a specified basis and the insurers will produce a schedule listing a description of the item (as provided by you) and the sum insured. This makes keeping a track on what art you have insured easy.

For items of art with lower sums insured, we can arrange insurance on an unspecified basis.

What type of cover for art do we offer?

We have access to insurers who understand the needs of art owners and have developed a policy to provide all the covers that serious collector of art require.

As mentioned, home insurance may be able to provide insurance for art, usually there will be an upper limit and the cover will not have the same depth and scope.

The basis of our cover is “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; no deduction from any settlement will be made.

Extra covers included under Art Insurance include “Depreciation” cover as standard.

If an artwork is damaged, it may be repairable but even if the repairs are completed expertly, with great care, once complete the item may have lost some value. “Depreciation “insurance will pay up to the sum insured for each item of art if its value has been reduced following a claim.

Another valuable cover for items of art is ”Defective Title” this is also included for policyholders as standard for any items of art that are purchased during the policy term. Normally art is purchased with a good provenance, but there are times that even with the most stringent of checks you could end up purchasing a piece only to discover that someone else claims they are the rightful owner. The insurance will indemnify you up to the price you paid for the item (our standard maximum is £25,000, please refer, if you require higher amounts to be considered).

Following the death of the artist of art your insurers, will automatically increase the insured value of any item listed in the specification for Fine Art and Collectables by up to 100% if the artist dies during the period of Insurance.

Please refer to the policy wording for full details of all covers.

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 insurance enquiries and are happy to quote on risks regardless of how small or large.