[edcase]

Having made a few purchases recently I called Natwest this morning to increase my policy cover.

Imagine my surprise when they came back to me not only to say that they will not cover the art, but that in fact they are cancelling my policy completely. I assumed I could just get the art covered by a specialist and that they could continue to just insure the general contents. Apparently not.

Is this standard practice?

Can somebody please give me a heads up on some good specialists who will insure the contents and art? I have heard Hiscox mentioned but any and all options would be good.

Will I need to have every piece valued and catalogued or can I just tell them it is x pieces with y value?

Many thanks in advance.

Ed

[Guest]

Hiscox have policies for art insurance, as you said

[edcase]

But do they cover art and contents or just art? The problem I have now is that for whatever reason Natwest won't even cover my contents!

[Karl Read]

Im insured for contents and Art alone worth up to 10-15 grand, quite cheap too, il have to look up who im with though as i cant remember. I think the rule though is that each piece is only covered up to 1500 i think.

[wiz]

They do the lot Edcase, look at Personal insurance on the site.
www.hiscox.com/ViewCMSPage.aspx?pageID=f4e697e3-be90-44cf-a6b7-548b35f0d77f

[edcase]

cheers, any others I should try to get a comparison quote?

[dmandpenfold]

Hiscox are good, i have general contents (including art, no lists etc required) for GBP75k, total cover is GBP315 and this is in a rented property. You can separate out purely art if you like too. If i were you I'd f**k lloyds off, my business banks with them, they are a clueless bunch, god alone knows how they survived the good times let alone 'le crunch'

TAOI (The Art Of Insurance) are members on this board and can tailor make most things for you as well, Hiscox is one of their underwriters.

[edcase]

Oct 22, 2008 12:58:35 GMT 1 dmandpenfold said:

Hiscox are good, i have general contents (including art, no lists etc required) for GBP75k, total cover is GBP315 and this is in a rented property. You can separate out purely art if you like too. If i were you I'd f**k lloyds off, my business banks with them, they are a clueless bunch, god alone knows how they survived the good times let alone 'le crunch'

TAOI (The Art Of Insurance) are members on this board and can tailor make most things for you as well, Hiscox is one of their underwriters.

Yes that sounds pretty much identical to the cover I need and seems very competitively priced. Thanks for that!

[telsin]

edcase, I would only ever consider composite insurers for Art insurance, i.e. Hiscox, AXA Art or Chubb. I unfortunately work as an underwriter for a Lloyd's sydnicate and we can not compete with the above insurers in terms of policy cover.

[G-Man]

I have my home and contentd through ASDA

They were super cool about the art. Any upto £2.5k included and over that value as named items.

Great price too!

[manchestermike]

I'm in the process of moving house at the moment and Natwest won't offer me buildings insurance - I already have separate contents insurance - because the value of the contents exceeds £30,000

I'm only asking for buildings insurance! Idiots...

[edcase]

It's funny they were very apologetic, I was like, why are you apologising to me, your the ones losing a lifelong customer!! Silly sods.

[sneakapimp]

Thats really strange as im with natwest and ive got full buildings cover and cover on my art portfolio for 40k. It did take me a couple of calls to get through to someone who knew what they were doing but theyve covered me,quite reasonable price too.

[manchestermike]

Oct 22, 2008 14:31:36 GMT 1 sneakapimp said:

Thats really strange as im with natwest and ive got full buildings cover and cover on my art portfolio for 40k. It did take me a couple of calls to get through to someone who knew what they were doing but theyve covered me,quite reasonable price too.

New policy apparently, just rang my manager and shouted about it - they have a company they use called Aeon for specialist cases (although how just wanting buildings insurance on a new house I'm mortgaging through them is specialist is beyond me!)... Aeon said before I even got anywhere their minimum quote was £400... looking elsewhere but people don't tend to want to insure unless you've got a tile / slate etc roof

[edcase]

All sorted.

Best bit.....CHEAPER than the natwest policy i was paying. By quite a lot. LOL.

thanks again guys.

[graffoto]

Nice one edcase - who did you go with?

[edcase]

Hiscox.

[dmandpenfold]

Oct 22, 2008 14:36:49 GMT 1 manchestermike said:

..... for specialist cases...

mentalist cases ;D

[Guest]

Oct 22, 2008 15:42:32 GMT 1 edcase said:

All sorted.

Best bit.....CHEAPER than the natwest policy i was paying. By quite a lot. LOL.

thanks again guys.

great news!

[dmandpenfold]

Oct 22, 2008 15:59:43 GMT 1 edcase said:

Hiscox.

tell 'em i want a commission

Good choice i reckon, they even cover your stuff for up to 4 months off premises, ie if you're moving house, long holiday etc (although i told 'em i wouldnt be taking the banksy's to corfu with me)