Tips For Fine Art & Antiques Insurance

Some useful tips for insuring fine art and antiques, from a specialist:

Wide territorial limits: the cover should include whilst the art is removed from its normal location, including the transit. Examples of this include cover for when the art work is loaned out to a museum or exhibition, and whilst it is displayed at a different home (or office).

Depreciation cover: If the art is damaged and then repaired, the insurance should not only pay for the repair cost but also the decrease in the value of the painting after it has been repaired.

Cover whilst damaged by a professional restorer: If art is restored, and the professional restorer damages it, this should be covered by your insurance policy. This is because some restorers may not have the right insurance to cover this on your behalf, or may lack the financial means to compensate you in the event that they damage the art work.

Automatic cover for new acquisitions: New acquisitions of art should be automatically covered to some extent. This would give you the flexibility to add to your collection and have it covered immediately as it comes into your possession and ownership, without the inconvenience of having to notify insurers before it becomes covered.

If you would like more details of Fine Art & Antiques Insurance, please contact Paul Macbeth ACII (Managing Director) on 0118 9165480 or

Macbeth are Chartered Insurance Brokers based in Reading with a premier client division dedicated to providing advice and insurance solutions to wealthy individuals. Our area’s of expertise include high value homes, fine art and antiques, valuables, second homes and overseas homes and high value cars.

Author: Paul Macbeth | January 13, 2010

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