johnerotten
New Member
Posts โข 190
Likes โข 5
March 2007
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Art Insurance in USA, by johnerotten on May 5, 2007 19:13:40 GMT 1, anyone know of good affordable art insurance for a renter in Los Angeles?
how do i determine how much to insure a Sepia Morons?
i broke the bank buying the print and had to get another credit card to have it framed/insured.
i want the insurance to cover theft and damage from water/fire/EARTHQUAKE.
should i go with plexiglass instead of glass on the frame in case a quake knocks her down?
any help would be appreciated.
cheers
rotten
anyone know of good affordable art insurance for a renter in Los Angeles?
how do i determine how much to insure a Sepia Morons?
i broke the bank buying the print and had to get another credit card to have it framed/insured.
i want the insurance to cover theft and damage from water/fire/EARTHQUAKE.
should i go with plexiglass instead of glass on the frame in case a quake knocks her down?
any help would be appreciated.
cheers
rotten
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ecosmo69
New Member
Posts โข 12
Likes โข 5
October 2006
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Art Insurance in USA, by ecosmo69 on Oct 29, 2019 17:56:18 GMT 1, Any recommendations? Google gives me plenty of hits but I'd love to know who people use and whether they'd recommend anyone in particular?
Thanks peeps!
Any recommendations? Google gives me plenty of hits but I'd love to know who people use and whether they'd recommend anyone in particular?
Thanks peeps!
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Art!
New Member
Posts โข 423
Likes โข 299
October 2016
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Art Insurance in USA, by Art! on Oct 29, 2019 18:54:15 GMT 1, Also interested..
Also interested..
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therivler1
New Member
Posts โข 967
Likes โข 471
July 2011
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Art Insurance in USA, by therivler1 on Oct 29, 2019 21:06:57 GMT 1, I have mine through Travelers (moved rental insurance also) Price was reasonable. Need appraisal for items > $25k, below just itemized was fine.
I have mine through Travelers (moved rental insurance also) Price was reasonable. Need appraisal for items > $25k, below just itemized was fine.
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Art Insurance in USA, by eldukerman 212 on Jun 29, 2020 15:23:45 GMT 1, hello-
I remember seeing a thread on this a while back but cannot find it. does anyone have a good art insurer that they would recommend? another question - I had an appraisal for a lot of my work from Heritage from 2 years ago but I've added quite a few pieces since then and don't really want to pay for another appraisal. do most insurers require an official appraisal on ALL work? any help is appreciated!
hello-
I remember seeing a thread on this a while back but cannot find it. does anyone have a good art insurer that they would recommend? another question - I had an appraisal for a lot of my work from Heritage from 2 years ago but I've added quite a few pieces since then and don't really want to pay for another appraisal. do most insurers require an official appraisal on ALL work? any help is appreciated!
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Art Insurance in USA, by Union Eighteen on Jun 29, 2020 18:26:25 GMT 1, I started using collect insure last year.. no appraisal required, affordable. I havenโt made any claims so canโt vouch for how well thatโs handled, but service has been good so far.
collectinsure.com/
I started using collect insure last year.. no appraisal required, affordable. I havenโt made any claims so canโt vouch for how well thatโs handled, but service has been good so far. collectinsure.com/
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therivler1
New Member
Posts โข 967
Likes โข 471
July 2011
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Art Insurance in USA, by therivler1 on Jun 29, 2020 18:44:14 GMT 1, I have mine through travelers. The renters insurance it sits on is a bit higher than competitors, but the art rider is downright cheap. $100/100,000 of coverage. Items > $25k need an appraisal.
I have mine through travelers. The renters insurance it sits on is a bit higher than competitors, but the art rider is downright cheap. $100/100,000 of coverage. Items > $25k need an appraisal.
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Charlie Bronson
Junior Member
Posts โข 1,427
Likes โข 3,123
February 2014
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Art Insurance in USA, by Charlie Bronson on Sept 21, 2020 21:20:16 GMT 1, Iโm sure itโs been posted before, but does anyone have a recommendation for an appraiser in the Los Angeles area? Any recommendations on an insurance company? Looking to get insurance on a few pieces.
Iโm sure itโs been posted before, but does anyone have a recommendation for an appraiser in the Los Angeles area? Any recommendations on an insurance company? Looking to get insurance on a few pieces.
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Art Insurance in USA, by Elephants and Castles on Sept 21, 2020 21:38:29 GMT 1, Hey, I've used and recommended this company before:
www.artresourcegroup.com/
They'll actually work with you on price per piece if you do a bit of leg work for them with photos, paper trail etc. Miriam and Nora are the 2 ladies I worked with.
Hey, I've used and recommended this company before: www.artresourcegroup.com/They'll actually work with you on price per piece if you do a bit of leg work for them with photos, paper trail etc. Miriam and Nora are the 2 ladies I worked with.
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docravi
New Member
Posts โข 11
Likes โข 2
April 2020
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Art Insurance in USA, by docravi on Sept 21, 2020 22:28:40 GMT 1, Thanks, I was looking to ask the same question!
Thanks, I was looking to ask the same question!
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Charlie Bronson
Junior Member
Posts โข 1,427
Likes โข 3,123
February 2014
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Art Insurance in USA, by Charlie Bronson on Sept 22, 2020 16:49:26 GMT 1, Hey, I've used and recommended this company before: www.artresourcegroup.com/They'll actually work with you on price per piece if you do a bit of leg work for them with photos, paper trail etc. Miriam and Nora are the 2 ladies I worked with.
Thanks for the info๐๐ป
Hey, I've used and recommended this company before: www.artresourcegroup.com/They'll actually work with you on price per piece if you do a bit of leg work for them with photos, paper trail etc. Miriam and Nora are the 2 ladies I worked with. Thanks for the info๐๐ป
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cest
Junior Member
Posts โข 1,725
Likes โข 1,160
September 2018
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Art Insurance in USA, by cest on Sept 24, 2020 1:51:15 GMT 1, At 8K I didn't feel that us wsm was worth insuring...
I have State Farm Insurance, does anybody use them (or another big name) and add some sort of rider to their home owners? or should I got a house that specializes on insuring art?
Finally, without an auction proving the value of wsm, how do I get the insurace co to match a valuation to what I think it is (around 30k usd)?
Thanks!
At 8K I didn't feel that us wsm was worth insuring...
I have State Farm Insurance, does anybody use them (or another big name) and add some sort of rider to their home owners? or should I got a house that specializes on insuring art?
Finally, without an auction proving the value of wsm, how do I get the insurace co to match a valuation to what I think it is (around 30k usd)?
Thanks!
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therivler1
New Member
Posts โข 967
Likes โข 471
July 2011
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Art Insurance in USA, by therivler1 on Sept 24, 2020 4:10:01 GMT 1, hang up will do an insurance appraisal they state farm should accept. I have travelers, and actually just checked with state farm last week about switching. Travelers was cheaper for me, but if you only have one print, it wouldn't pay to switch. You may not need a special rider if all your assets are below the personal property max (homeowners will be higher than renters). But over $5k, you will need it to be a line item, and they would want an appraisal.
hang up will do an insurance appraisal they state farm should accept. I have travelers, and actually just checked with state farm last week about switching. Travelers was cheaper for me, but if you only have one print, it wouldn't pay to switch. You may not need a special rider if all your assets are below the personal property max (homeowners will be higher than renters). But over $5k, you will need it to be a line item, and they would want an appraisal.
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jp
New Member
Posts โข 422
Likes โข 480
September 2006
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Art Insurance in USA, by jp on Sept 24, 2020 6:02:24 GMT 1, Is hangup charging 75 quid *per print* for an appraisal?
Is hangup charging 75 quid *per print* for an appraisal?
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docravi
New Member
Posts โข 11
Likes โข 2
April 2020
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Art Insurance in USA, by docravi on Oct 30, 2020 1:29:01 GMT 1, Is hangup charging 75 quid *per print* for an appraisal?
Is that how it works, are there alternatives people can recommend?
Kinda liked the idea of going somewhere personally but maybe Iโm way off... based in LA if anyone has suggestions.
Will check out both insurers recommended as Iโm in the same boat.
Is hangup charging 75 quid *per print* for an appraisal? Is that how it works, are there alternatives people can recommend? Kinda liked the idea of going somewhere personally but maybe Iโm way off... based in LA if anyone has suggestions. Will check out both insurers recommended as Iโm in the same boat.
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88carrera
New Member
Posts โข 16
Likes โข 22
April 2018
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Art Insurance in USA, by 88carrera on Oct 30, 2020 20:27:39 GMT 1, I donโt have any pieces worth insuring myself, but Iโve helped client with art insurance on numerous occasions. AIG, Chubb, Ace, and more recently, Cincinnati Insurance Company have all done policies for us. On large collections it reliably works out to 0.1% of the workโs value annually. The insurers do ask for updated appraisals periodically, but in a fast-moving market like Banksy currently, Iโd suggest appraisals more often than required or youโll be quickly under-insured.
If you work regularly with a gallery you might ask them for a letter with market values for your pieces. Some will do this as a favor for valued repeat clients and it can work in lieu of an appraisal. I havenโt had to deal with any losses, however, so Iโm not sure how such a value would stand up then.
I donโt have any pieces worth insuring myself, but Iโve helped client with art insurance on numerous occasions. AIG, Chubb, Ace, and more recently, Cincinnati Insurance Company have all done policies for us. On large collections it reliably works out to 0.1% of the workโs value annually. The insurers do ask for updated appraisals periodically, but in a fast-moving market like Banksy currently, Iโd suggest appraisals more often than required or youโll be quickly under-insured.
If you work regularly with a gallery you might ask them for a letter with market values for your pieces. Some will do this as a favor for valued repeat clients and it can work in lieu of an appraisal. I havenโt had to deal with any losses, however, so Iโm not sure how such a value would stand up then.
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Inknart
Junior Member
Posts โข 3,486
Likes โข 3,288
April 2015
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Art Insurance in USA, by Inknart on Jan 20, 2021 18:47:33 GMT 1, I know there have been other threads, but looking for recommendations on new insurance company in US.
Looking to insure around 200k in Art.
Any companies that will come out and do a thorough initial review to document?
I know there have been other threads, but looking for recommendations on new insurance company in US.
Looking to insure around 200k in Art.
Any companies that will come out and do a thorough initial review to document?
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Inknart
Junior Member
Posts โข 3,486
Likes โข 3,288
April 2015
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Art Insurance in USA, by Inknart on Jan 21, 2021 23:27:47 GMT 1, bump.
bump.
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Icecream Man
New Member
Posts โข 246
Likes โข 329
November 2019
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Art Insurance in USA, by Icecream Man on Jan 22, 2021 0:20:44 GMT 1, In the middle of the process now ~ new homeowners policy. Iโll follow up once complete. Allstate had no problem adding pieces that were sub $20k with a replacement doc from an Urban/Contemporary gallery. About to transfer some larger value pieces from a separate (business) umbrella policy to the same homeowners policy. Still working out the details.
Send me a PM if youโd like any additional info.
In the middle of the process now ~ new homeowners policy. Iโll follow up once complete. Allstate had no problem adding pieces that were sub $20k with a replacement doc from an Urban/Contemporary gallery. About to transfer some larger value pieces from a separate (business) umbrella policy to the same homeowners policy. Still working out the details.
Send me a PM if youโd like any additional info.
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pjc
New Member
Posts โข 352
Likes โข 271
July 2020
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Art Insurance in USA, by pjc on Oct 27, 2022 20:52:43 GMT 1, Hi All โ
Need art insurance advice for a friend. Guidelines would be art that is worth more to ship than the piece itself to art in the mid to high six figures, but not 7+.
They are U.S. based, as am I, so some questions are U.S. specific, but other questions are more general.
Any advice would be much appreciated.
1. How should they think about what should/should not be insured (is there an analytical approach to this)?
2. Is there a general guideline for what to insure vs. what the art is worth?
3. Are there outcomes for which insurance can not be bought / does not cover that should be highlighted?
4. Is art always insured on a piece by piece basis or can you bundle?
5. What challenges have members faced when going through this process?
6. Knowing what you know now, what would you change about the process or how you approached the process?
7. Are there those who 'do not believe in art insurance'? Is there a sound argument for this?
8. Is there a 'minimum' level of insurance vs. none at all that makes sense?
9. How specifically is the value of a piece determined? Do some policies just go by what was paid initially for the piece? Does insurance cover replacement value?
9. Does art insurance vary state by state?
10. What U.S. based companies have people used? Friend has USAA for other insurance products.
11. Is there any further reading you would recommend?
Thanks in advance.
Hi All โ
Need art insurance advice for a friend. Guidelines would be art that is worth more to ship than the piece itself to art in the mid to high six figures, but not 7+.
They are U.S. based, as am I, so some questions are U.S. specific, but other questions are more general.
Any advice would be much appreciated.
1. How should they think about what should/should not be insured (is there an analytical approach to this)?
2. Is there a general guideline for what to insure vs. what the art is worth?
3. Are there outcomes for which insurance can not be bought / does not cover that should be highlighted?
4. Is art always insured on a piece by piece basis or can you bundle?
5. What challenges have members faced when going through this process?
6. Knowing what you know now, what would you change about the process or how you approached the process?
7. Are there those who 'do not believe in art insurance'? Is there a sound argument for this?
8. Is there a 'minimum' level of insurance vs. none at all that makes sense?
9. How specifically is the value of a piece determined? Do some policies just go by what was paid initially for the piece? Does insurance cover replacement value?
9. Does art insurance vary state by state?
10. What U.S. based companies have people used? Friend has USAA for other insurance products.
11. Is there any further reading you would recommend?
Thanks in advance.
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