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Art Insurance in the UK, by Coach on Feb 26, 2021 19:29:41 GMT 1, Hiscox website suggests that they are still up for ensuring art works, I'll defo give them a call next week.
Maybe check the review mentioned by another member, my friend. My only experience was arranging a policy. No experience of making a claim to date (touch wood).
Hiscox website suggests that they are still up for ensuring art works, I'll defo give them a call next week. Maybe check the review mentioned by another member, my friend. My only experience was arranging a policy. No experience of making a claim to date (touch wood).
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mcgill14
Junior Member
Posts • 2,340
Likes • 4,399
January 2017
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Art Insurance in the UK, by mcgill14 on Feb 26, 2021 19:30:34 GMT 1, All I can say is that my experience was different than yours! Not necessarily with their Select brand. I have several Banky's included, no valuations I'll let you know sir cause I will try them both. Thank you for the suggestions.
All I can say is that my experience was different than yours! Not necessarily with their Select brand. I have several Banky's included, no valuations I'll let you know sir cause I will try them both. Thank you for the suggestions.
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reg
New Member
Posts • 294
Likes • 431
October 2007
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Art Insurance in the UK, by reg on Feb 26, 2021 22:20:19 GMT 1, Brownhill Insurance are professional and straightforward.
Be warned.... A refusal to quote for a renewal by your existing insurer has to be declared when renewing elsewhere otherwise they'll stitch you up in the event of a claim for non disclosure.
Not a significant problem if the art is covered elsewhere, but you won't get prices from comparison sites, they treat you with suspicion.
Brownhill Insurance are professional and straightforward.
Be warned.... A refusal to quote for a renewal by your existing insurer has to be declared when renewing elsewhere otherwise they'll stitch you up in the event of a claim for non disclosure.
Not a significant problem if the art is covered elsewhere, but you won't get prices from comparison sites, they treat you with suspicion.
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mcgill14
Junior Member
Posts • 2,340
Likes • 4,399
January 2017
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Art Insurance in the UK, by mcgill14 on Feb 26, 2021 22:42:28 GMT 1, Brownhill Insurance are professional and straightforward. Be warned.... A refusal to quote for a renewal by your existing insurer has to be declared when renewing elsewhere otherwise they'll stitch you up in the event of a claim for non disclosure. Not a significant problem if the art is covered elsewhere, but you won't get prices from comparison sites, they treat you with suspicion. Hi
The piece has been listed on my policy for the past few years however due to the change in market values I got an updated valuation. As a company they don't take on pieces of art over a certain value. So they are not saying they won't insure, as a company they actually don't which makes a difference I think. But thank you for the heads up.
Steve
Brownhill Insurance are professional and straightforward. Be warned.... A refusal to quote for a renewal by your existing insurer has to be declared when renewing elsewhere otherwise they'll stitch you up in the event of a claim for non disclosure. Not a significant problem if the art is covered elsewhere, but you won't get prices from comparison sites, they treat you with suspicion. Hi
The piece has been listed on my policy for the past few years however due to the change in market values I got an updated valuation. As a company they don't take on pieces of art over a certain value. So they are not saying they won't insure, as a company they actually don't which makes a difference I think. But thank you for the heads up.
Steve
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LJCal
Junior Member
Posts • 2,825
Likes • 4,240
December 2019
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Art Insurance in the UK, by LJCal on Feb 27, 2021 0:14:22 GMT 1, Hiscox are good if you’re not insuring pieces over £50k, otherwise use Ultimart. I have policies with both and they’re great. I’ve claimed through Hiscox before and it was super easy and they didn’t give me any hassle.
Hiscox are good if you’re not insuring pieces over £50k, otherwise use Ultimart. I have policies with both and they’re great. I’ve claimed through Hiscox before and it was super easy and they didn’t give me any hassle.
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JW
New Member
Posts • 899
Likes • 1,323
February 2011
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Art Insurance in the UK, by JW on Feb 27, 2021 0:21:38 GMT 1, Hiscox are good if you’re not insuring pieces over £50k, otherwise use Ultimart. I have policies with both and they’re great. I’ve claimed through Hiscox before and it was super easy and they didn’t give me any hassle. Keen to hear your thoughts on why Hiscox isn't good for insurance of pieces over £50k. They do provide cover as long as you provide valuations.
Hiscox are good if you’re not insuring pieces over £50k, otherwise use Ultimart. I have policies with both and they’re great. I’ve claimed through Hiscox before and it was super easy and they didn’t give me any hassle. Keen to hear your thoughts on why Hiscox isn't good for insurance of pieces over £50k. They do provide cover as long as you provide valuations.
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LJCal
Junior Member
Posts • 2,825
Likes • 4,240
December 2019
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Art Insurance in the UK, by LJCal on Feb 27, 2021 0:31:25 GMT 1, Hiscox are good if you’re not insuring pieces over £50k, otherwise use Ultimart. I have policies with both and they’re great. I’ve claimed through Hiscox before and it was super easy and they didn’t give me any hassle. Keen to hear your thoughts on why Hiscox isn't good for insurance of pieces over £50k. They do provide cover as long as you provide valuations. For exactly that reason, you only need to provide valuations with ultimart for pieces to support a claim and not when you take out the policy. It’s an added expense and layer of hassle having to provide them up front especially if the values move around.
Hiscox are good if you’re not insuring pieces over £50k, otherwise use Ultimart. I have policies with both and they’re great. I’ve claimed through Hiscox before and it was super easy and they didn’t give me any hassle. Keen to hear your thoughts on why Hiscox isn't good for insurance of pieces over £50k. They do provide cover as long as you provide valuations. For exactly that reason, you only need to provide valuations with ultimart for pieces to support a claim and not when you take out the policy. It’s an added expense and layer of hassle having to provide them up front especially if the values move around.
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Knowss
New Member
Posts • 369
Likes • 316
November 2019
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Art Insurance in the UK, by Knowss on Feb 27, 2021 1:26:06 GMT 1, Who are people using within the United States?
State Farm
Who are people using within the United States? State Farm
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Amber Halo
New Member
Posts • 554
Likes • 625
April 2013
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Art Insurance in the UK, by Amber Halo on Feb 27, 2021 2:17:10 GMT 1, In the US, if you want just a stand alone art policy (not have to move all your other lines of insurance to them like Chubb requires), perhaps Burns & Wilcox which will then get Lloyds to underwrite. They require appraisals for any single piece above $100K and also alarm with monitor for burglary and fire.
In the US, if you want just a stand alone art policy (not have to move all your other lines of insurance to them like Chubb requires), perhaps Burns & Wilcox which will then get Lloyds to underwrite. They require appraisals for any single piece above $100K and also alarm with monitor for burglary and fire.
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Deleted
Posts • 0
Likes •
January 1970
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Art Insurance in the UK, by Deleted on Feb 27, 2021 10:29:48 GMT 1, Also use hiscox. No problems so far and price seems comp
Also use hiscox. No problems so far and price seems comp
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reg
New Member
Posts • 294
Likes • 431
October 2007
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Art Insurance in the UK, by reg on Feb 27, 2021 10:39:20 GMT 1, Brownhill Insurance are professional and straightforward. Be warned.... A refusal to quote for a renewal by your existing insurer has to be declared when renewing elsewhere otherwise they'll stitch you up in the event of a claim for non disclosure. Not a significant problem if the art is covered elsewhere, but you won't get prices from comparison sites, they treat you with suspicion. Hi
The piece has been listed on my policy for the past few years however due to the change in market values I got an updated valuation. As a company they don't take on pieces of art over a certain value. So they are not saying they won't insure, as a company they actually don't which makes a difference I think. But thank you for the heads up.
Steve
I had the same, moved the art under a separate policy but the main policy underwriters will not quote, because the art value deems it higher risk than they're happy to cover.
Brownhill Insurance are professional and straightforward. Be warned.... A refusal to quote for a renewal by your existing insurer has to be declared when renewing elsewhere otherwise they'll stitch you up in the event of a claim for non disclosure. Not a significant problem if the art is covered elsewhere, but you won't get prices from comparison sites, they treat you with suspicion. Hi
The piece has been listed on my policy for the past few years however due to the change in market values I got an updated valuation. As a company they don't take on pieces of art over a certain value. So they are not saying they won't insure, as a company they actually don't which makes a difference I think. But thank you for the heads up.
Steve
I had the same, moved the art under a separate policy but the main policy underwriters will not quote, because the art value deems it higher risk than they're happy to cover.
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ab3
New Member
Posts • 325
Likes • 533
December 2017
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Art Insurance in the UK, by ab3 on Feb 27, 2021 11:39:12 GMT 1, I've just gone through this whole process. I use Hiscox but through Brownhill insurance, a brokerage. Who really know their stuff. I also spoke to Ultimart and got a vastly more expensive quote than through Brownhills.
Due to recent market price rises and the value of the collection the premium has doubled, so I really took a look at the market and different options available. Like having one very expensive piece on a separate policy. However Hiscox through Brownhills came out best again. Although I do now have to have an alarm system fitted.
I also have my home insurance with them so that if there is ever an issue, hopefully the broker will sort out any arguing between the two insurance companies. Also make sure your home insurance know that you have separate insurance for your art collection.
I don't work for Brownhills or have any connection with them, have just been very happy with them and have been dealing with Steve who has been very helpful and worked hard to get me the best premiums.
I've just gone through this whole process. I use Hiscox but through Brownhill insurance, a brokerage. Who really know their stuff. I also spoke to Ultimart and got a vastly more expensive quote than through Brownhills.
Due to recent market price rises and the value of the collection the premium has doubled, so I really took a look at the market and different options available. Like having one very expensive piece on a separate policy. However Hiscox through Brownhills came out best again. Although I do now have to have an alarm system fitted.
I also have my home insurance with them so that if there is ever an issue, hopefully the broker will sort out any arguing between the two insurance companies. Also make sure your home insurance know that you have separate insurance for your art collection.
I don't work for Brownhills or have any connection with them, have just been very happy with them and have been dealing with Steve who has been very helpful and worked hard to get me the best premiums.
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F*X
New Member
Posts • 556
Likes • 400
February 2009
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Art Insurance in the UK, by F*X on Feb 27, 2021 11:40:38 GMT 1, I have used Brownhills as my broker for the last few years and through them insure with AXA. As someone has previously mentioned they can also sort out your contents insurance as well.
Link here link
The AXA policy is quite flexible. Your collection does not have to be exclusively art, it can be a combination of things so if you also collect antiques they can also be covered. You will need to keep an up-to-date inventory of your collection which most of you probably already do. There are a couple of exceptions the most notable of which is watches. You can insure in increments of 50 K They don’t require valuations as long as any one piece of your collection does not exceed a third of the value of the total insured.
For example just to be clear: If you insure for a total of £150K you are covered by default for any single work up to £50K If you insure for a total of £300K you are covered by default for any single work up to £100K If you insure for a total of £600K you are covered by default for any single work up to £200K
As for security they don’t require a monitored alarm if you are insuring up to a total value of 500K Over that value they do insist on a you having a monitored alarm.
I also don't work for Brownhills or have any connection with them,
I have used Brownhills as my broker for the last few years and through them insure with AXA. As someone has previously mentioned they can also sort out your contents insurance as well. Link here linkThe AXA policy is quite flexible. Your collection does not have to be exclusively art, it can be a combination of things so if you also collect antiques they can also be covered. You will need to keep an up-to-date inventory of your collection which most of you probably already do. There are a couple of exceptions the most notable of which is watches. You can insure in increments of 50 K They don’t require valuations as long as any one piece of your collection does not exceed a third of the value of the total insured. For example just to be clear: If you insure for a total of £150K you are covered by default for any single work up to £50K If you insure for a total of £300K you are covered by default for any single work up to £100K If you insure for a total of £600K you are covered by default for any single work up to £200K As for security they don’t require a monitored alarm if you are insuring up to a total value of 500K Over that value they do insist on a you having a monitored alarm. I also don't work for Brownhills or have any connection with them,
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jstjst
New Member
Posts • 81
Likes • 121
May 2006
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Art Insurance in the UK, by jstjst on Feb 27, 2021 12:00:02 GMT 1, I have used Brownhills as my broker for the last few years and through them insure with AXA. As someone has previously mentioned they can also sort out your contents insurance as well. Link here linkThe AXA policy is quite flexible. Your collection does not have to be exclusively art, it can be a combination of things so if you also collect antiques they can also be covered. You will need to keep an up-to-date inventory of your collection which most of you probably already do. There are a couple of exceptions the most notable of which is watches. You can insure in increments of 50 K They don’t require valuations as long as any one piece of your collection does not exceed a third of the value of the total insured. For example just to be clear: If you insure for a total of £150K you are covered by default for any single work up to £50K If you insure for a total of £300K you are covered by default for any single work up to £100K If you insure for a total of £600K you are covered by default for any single work up to £200K As for security they don’t require a monitored alarm if you are insuring up to a total value of 500K Over that value they do insist on a you having a monitored alarm. I also don't work for Brownhills or have any connection with them, I use Brownhills too - very good service and increasing the limit is easy to do.
I have used Brownhills as my broker for the last few years and through them insure with AXA. As someone has previously mentioned they can also sort out your contents insurance as well. Link here linkThe AXA policy is quite flexible. Your collection does not have to be exclusively art, it can be a combination of things so if you also collect antiques they can also be covered. You will need to keep an up-to-date inventory of your collection which most of you probably already do. There are a couple of exceptions the most notable of which is watches. You can insure in increments of 50 K They don’t require valuations as long as any one piece of your collection does not exceed a third of the value of the total insured. For example just to be clear: If you insure for a total of £150K you are covered by default for any single work up to £50K If you insure for a total of £300K you are covered by default for any single work up to £100K If you insure for a total of £600K you are covered by default for any single work up to £200K As for security they don’t require a monitored alarm if you are insuring up to a total value of 500K Over that value they do insist on a you having a monitored alarm. I also don't work for Brownhills or have any connection with them, I use Brownhills too - very good service and increasing the limit is easy to do.
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richie
New Member
Posts • 111
Likes • 87
October 2018
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Art Insurance in the UK, by richie on Feb 27, 2021 14:30:51 GMT 1, Brownhills provide coverage in the USA?
Brownhills provide coverage in the USA?
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kad7374
New Member
Posts • 179
Likes • 82
June 2014
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Art Insurance in the UK, by kad7374 on Feb 27, 2021 17:10:35 GMT 1, You could try Highworth Insurance in the UK.
You could try Highworth Insurance in the UK.
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miaow_meow
New Member
Posts • 81
Likes • 16
November 2016
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Art Insurance in the UK, by miaow_meow on Mar 1, 2021 11:40:06 GMT 1, Hiscox are good if you’re not insuring pieces over £50k, otherwise use Ultimart. I have policies with both and they’re great. I’ve claimed through Hiscox before and it was super easy and they didn’t give me any hassle. Keen to hear your thoughts on why Hiscox isn't good for insurance of pieces over £50k. They do provide cover as long as you provide valuations.
May I ask how the valuation is done please? Thanks.
Hiscox are good if you’re not insuring pieces over £50k, otherwise use Ultimart. I have policies with both and they’re great. I’ve claimed through Hiscox before and it was super easy and they didn’t give me any hassle. Keen to hear your thoughts on why Hiscox isn't good for insurance of pieces over £50k. They do provide cover as long as you provide valuations. May I ask how the valuation is done please? Thanks.
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Octopus UK
New Member
Posts • 869
Likes • 182
February 2007
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Judge Fudge
New Member
Posts • 43
Likes • 35
February 2017
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Art Insurance in the UK, by Judge Fudge on Mar 3, 2021 18:11:54 GMT 1, There is a much cheaper & easier way to do this in the UK - take out a Premiere Unlimited Home & Contents Insurance Policy with either Nationwide or (I think) John Lewis Insurance. When taking out this particular policy, Nationwide do not class artworks (even extremely valuable pieces) as items that need to be individually specified, such as jewellery. They also do not need you to declare current market value or go through hassle of getting art officially valued. They just ask that art is preferably photographed, receipts kept etc in the case of a claim. NB am pretty sure would be a different story if basic contents insurance policy taken out. Hope this helps folks
There is a much cheaper & easier way to do this in the UK - take out a Premiere Unlimited Home & Contents Insurance Policy with either Nationwide or (I think) John Lewis Insurance. When taking out this particular policy, Nationwide do not class artworks (even extremely valuable pieces) as items that need to be individually specified, such as jewellery. They also do not need you to declare current market value or go through hassle of getting art officially valued. They just ask that art is preferably photographed, receipts kept etc in the case of a claim. NB am pretty sure would be a different story if basic contents insurance policy taken out. Hope this helps folks
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miaow_meow
New Member
Posts • 81
Likes • 16
November 2016
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Art Insurance in the UK, by miaow_meow on Mar 3, 2021 20:10:32 GMT 1, I have used Brownhills as my broker for the last few years and through them insure with AXA. As someone has previously mentioned they can also sort out your contents insurance as well. Link here linkThe AXA policy is quite flexible. Your collection does not have to be exclusively art, it can be a combination of things so if you also collect antiques they can also be covered. You will need to keep an up-to-date inventory of your collection which most of you probably already do. There are a couple of exceptions the most notable of which is watches. You can insure in increments of 50 K They don’t require valuations as long as any one piece of your collection does not exceed a third of the value of the total insured. For example just to be clear: If you insure for a total of £150K you are covered by default for any single work up to £50K If you insure for a total of £300K you are covered by default for any single work up to £100K If you insure for a total of £600K you are covered by default for any single work up to £200K As for security they don’t require a monitored alarm if you are insuring up to a total value of 500K Over that value they do insist on a you having a monitored alarm. I also don't work for Brownhills or have any connection with them,
Mind sharing the premiums for the 3 tiers as mentioned for reference? Assuming you are in the UK?
I have used Brownhills as my broker for the last few years and through them insure with AXA. As someone has previously mentioned they can also sort out your contents insurance as well. Link here linkThe AXA policy is quite flexible. Your collection does not have to be exclusively art, it can be a combination of things so if you also collect antiques they can also be covered. You will need to keep an up-to-date inventory of your collection which most of you probably already do. There are a couple of exceptions the most notable of which is watches. You can insure in increments of 50 K They don’t require valuations as long as any one piece of your collection does not exceed a third of the value of the total insured. For example just to be clear: If you insure for a total of £150K you are covered by default for any single work up to £50K If you insure for a total of £300K you are covered by default for any single work up to £100K If you insure for a total of £600K you are covered by default for any single work up to £200K As for security they don’t require a monitored alarm if you are insuring up to a total value of 500K Over that value they do insist on a you having a monitored alarm. I also don't work for Brownhills or have any connection with them, Mind sharing the premiums for the 3 tiers as mentioned for reference? Assuming you are in the UK?
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ajr
New Member
Posts • 325
Likes • 342
February 2018
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Art Insurance in the UK, by ajr on Mar 11, 2021 13:42:39 GMT 1, There is a much cheaper & easier way to do this in the UK - take out a Premiere Unlimited Home & Contents Insurance Policy with either Nationwide or (I think) John Lewis Insurance. When taking out this particular policy, Nationwide do not class artworks (even extremely valuable pieces) as items that need to be individually specified, such as jewellery. They also do not need you to declare current market value or go through hassle of getting art officially valued. They just ask that art is preferably photographed, receipts kept etc in the case of a claim. NB am pretty sure would be a different story if basic contents insurance policy taken out. Hope this helps folks This was very useful. I'm in the UK and I've just been going through the same process as I have lots of small prints and pieces, but nothing of major value (nothing over 5-10k ).
Nationwide as you mention offer Unlimited contents AND include Art -"Antiques, paintings and collections are included as part of your contents cover". They only want valuables containing Gold/Silver/Watches over 2k to be listed, with cover for these items limited to 30k max.
This is a very cheap way of insuring things if you are in my situation, so thanks for mentioning this here. For me it came to around £600
Also Halifax offer unlimited contents, with 50k of High Risk items (Art would be in this category) with a limit of 3k per item.
John Lewis was more than twice the price of the above 2.
Did not try Hiscox as I did not have the time to do it over the phone.
There is a much cheaper & easier way to do this in the UK - take out a Premiere Unlimited Home & Contents Insurance Policy with either Nationwide or (I think) John Lewis Insurance. When taking out this particular policy, Nationwide do not class artworks (even extremely valuable pieces) as items that need to be individually specified, such as jewellery. They also do not need you to declare current market value or go through hassle of getting art officially valued. They just ask that art is preferably photographed, receipts kept etc in the case of a claim. NB am pretty sure would be a different story if basic contents insurance policy taken out. Hope this helps folks This was very useful. I'm in the UK and I've just been going through the same process as I have lots of small prints and pieces, but nothing of major value (nothing over 5-10k ). Nationwide as you mention offer Unlimited contents AND include Art -"Antiques, paintings and collections are included as part of your contents cover". They only want valuables containing Gold/Silver/Watches over 2k to be listed, with cover for these items limited to 30k max. This is a very cheap way of insuring things if you are in my situation, so thanks for mentioning this here. For me it came to around £600 Also Halifax offer unlimited contents, with 50k of High Risk items (Art would be in this category) with a limit of 3k per item. John Lewis was more than twice the price of the above 2. Did not try Hiscox as I did not have the time to do it over the phone.
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sm
New Member
Posts • 384
Likes • 75
December 2007
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Art Insurance in the UK, by sm on May 25, 2021 0:31:40 GMT 1, I’ve been lazy and not got my Banksquait insured yet. I tried through Hiscox but was declined. They said it was too high value and I didn’t have a history with them or owning art of significant value. I’ve never worried about insurance before as nothing was ever worth that much. Has anyone had this issue and can anyone recommend somewhere else they use for art insurance in the UK? First world problem I know. Cheers for the help.
I’ve been lazy and not got my Banksquait insured yet. I tried through Hiscox but was declined. They said it was too high value and I didn’t have a history with them or owning art of significant value. I’ve never worried about insurance before as nothing was ever worth that much. Has anyone had this issue and can anyone recommend somewhere else they use for art insurance in the UK? First world problem I know. Cheers for the help.
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aki
New Member
Posts • 564
Likes • 356
June 2017
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Art Insurance in the UK, by aki on May 25, 2021 15:06:09 GMT 1, I’ve been lazy and not got my Banksquait insured yet. I tried through Hiscox but was declined. They said it was too high value and I didn’t have a history with them or owning art of significant value. I’ve never worried about insurance before as nothing was ever worth that much. Has anyone had this issue and can anyone recommend somewhere else they use for art insurance in the UK? First world problem I know. Cheers for the help.
I got mine through a broker nobody would go near me due to criminal record. Needed to get a monitored alarm which cost a grand but I’m now covered for £400k for £1500/year was less than original hiscox quote too. Dm me if you want more info.
I’ve been lazy and not got my Banksquait insured yet. I tried through Hiscox but was declined. They said it was too high value and I didn’t have a history with them or owning art of significant value. I’ve never worried about insurance before as nothing was ever worth that much. Has anyone had this issue and can anyone recommend somewhere else they use for art insurance in the UK? First world problem I know. Cheers for the help. I got mine through a broker nobody would go near me due to criminal record. Needed to get a monitored alarm which cost a grand but I’m now covered for £400k for £1500/year was less than original hiscox quote too. Dm me if you want more info.
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johnmac62
New Member
Posts • 29
Likes • 23
October 2006
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Art Insurance in the UK, by johnmac62 on Jun 15, 2021 22:58:48 GMT 1, Hi everyone, hoping you may be able to help with a quick insurance question.
I am sending my print off to get re-framed and would like to take out insurance just for the transit and whilst it is at the framers, can anyone recommend where to go for this one off cover?
Thanks
Johnmac
Hi everyone, hoping you may be able to help with a quick insurance question.
I am sending my print off to get re-framed and would like to take out insurance just for the transit and whilst it is at the framers, can anyone recommend where to go for this one off cover?
Thanks
Johnmac
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AJ
New Member
Posts • 95
Likes • 70
March 2007
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Art Insurance in the UK, by AJ on Jun 23, 2021 9:27:01 GMT 1, With the prices changing all the time a valuation seems like the valuation will be useless in a few weeks ! Coram James are great and they can do a desktop valuation if you send the appropriate pics (they will tell you what they need). Not expensive to do and the valuation stands for 3 years, plus, importantly, allows for a 50% increase in the artwork, ie you ensure for 100 and if it gets stolen and at that time is worth 150, you get 150. That said, if value goes above 150 you’ll need a new valuation. It’s £50ish per print so well worth the money for peace of mind IMHO.
Thanks for the recommendation. I’ve just used Coram James to value two prints.
With the prices changing all the time a valuation seems like the valuation will be useless in a few weeks ! Coram James are great and they can do a desktop valuation if you send the appropriate pics (they will tell you what they need). Not expensive to do and the valuation stands for 3 years, plus, importantly, allows for a 50% increase in the artwork, ie you ensure for 100 and if it gets stolen and at that time is worth 150, you get 150. That said, if value goes above 150 you’ll need a new valuation. It’s £50ish per print so well worth the money for peace of mind IMHO. Thanks for the recommendation. I’ve just used Coram James to value two prints.
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aki
New Member
Posts • 564
Likes • 356
June 2017
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Art Insurance in the UK, by aki on Jun 23, 2021 11:29:28 GMT 1, Coram James are great and they can do a desktop valuation if you send the appropriate pics (they will tell you what they need). Not expensive to do and the valuation stands for 3 years, plus, importantly, allows for a 50% increase in the artwork, ie you ensure for 100 and if it gets stolen and at that time is worth 150, you get 150. That said, if value goes above 150 you’ll need a new valuation. It’s £50ish per print so well worth the money for peace of mind IMHO. Thanks for the recommendation. I’ve just used Coram James to value two prints.
My art broker do this for free.
Coram James are great and they can do a desktop valuation if you send the appropriate pics (they will tell you what they need). Not expensive to do and the valuation stands for 3 years, plus, importantly, allows for a 50% increase in the artwork, ie you ensure for 100 and if it gets stolen and at that time is worth 150, you get 150. That said, if value goes above 150 you’ll need a new valuation. It’s £50ish per print so well worth the money for peace of mind IMHO. Thanks for the recommendation. I’ve just used Coram James to value two prints. My art broker do this for free.
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Martin M
New Member
Posts • 478
Likes • 671
February 2009
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Art Insurance in the UK, by Martin M on Jun 23, 2021 11:41:21 GMT 1, I use Brownhill. Hiscox wouldn’t insure me, but passed me onto an art insurance broker. I did have a pretty good ADT alarm, but with mental Banksy prices I had to upgrade to a dual path (whatever that is!) police/fire response commercial system. Do remember, it seems, that you may have insurance, but if your house has crap window/door locks (like mine did) they will definitely not be paying out in the case of a claim
I use Brownhill. Hiscox wouldn’t insure me, but passed me onto an art insurance broker. I did have a pretty good ADT alarm, but with mental Banksy prices I had to upgrade to a dual path (whatever that is!) police/fire response commercial system. Do remember, it seems, that you may have insurance, but if your house has crap window/door locks (like mine did) they will definitely not be paying out in the case of a claim
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astbury
New Member
Posts • 452
Likes • 242
August 2013
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Art Insurance in the UK, by astbury on Jun 23, 2021 11:55:05 GMT 1, Thanks for the recommendation. I’ve just used Coram James to value two prints. My art broker do this for free.
Only so they know what artwork that you own and then can try to get you to sell.
Thanks for the recommendation. I’ve just used Coram James to value two prints. My art broker do this for free. Only so they know what artwork that you own and then can try to get you to sell.
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aki
New Member
Posts • 564
Likes • 356
June 2017
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Art Insurance in the UK, by aki on Jun 23, 2021 22:14:01 GMT 1, My art broker do this for free. Only so they know what artwork that you own and then can try to get you to sell.
Yeah I felt really pressured to sell everything for next to nothing. Grow up.
My art broker do this for free. Only so they know what artwork that you own and then can try to get you to sell. Yeah I felt really pressured to sell everything for next to nothing. Grow up.
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spamhead
New Member
Posts • 39
Likes • 10
October 2006
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Art Insurance in the UK, by spamhead on Jul 29, 2021 11:23:44 GMT 1, Has anyone got any recommendations for having prints valued for insurance purpose as my company is now requesting a valuation this year.
Thanks.
Has anyone got any recommendations for having prints valued for insurance purpose as my company is now requesting a valuation this year.
Thanks.
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