Owning fine art is rewarding, but also a significant investment. Fine art insurance helps protect your collection from theft, damage, or loss.
What Is Fine Art Insurance?
Specialized insurance designed for valuable art and collectibles, including paintings, sculptures, antiques, and rare prints. Unlike standard homeowners insurance, it provides tailored coverage for high-value pieces.
How Much Does Fine Art Insurance Cost?
Premiums usually range from 0.5% to 2% of the collection’s insured value annually. Costs depend on:
​
-
Collection value
-
Coverage type (replacement cost or agreed value)
-
Location and security
-
Deductible
-
​
Choosing the Right Fine Art Insurance
​
Tips for selecting a policy:
​
-
Ensure all pieces have current professional appraisals
-
Decide on agreed value vs. market value coverage
-
Check policy limits and exclusions
-
Include transit coverage if moving pieces frequently
-
Choose an experienced fine art insurer
What Fine Art Insurance Covers
Typical coverage includes:
​
-
Theft or burglary
-
Accidental damage (broken frames, scratched surfaces)
-
Fire, smoke, or water damage
-
Natural disasters (if included)
-
Transit or exhibition losses
Pros and Cons of Fine Art Insurance
Pros:
​
-
Financial protection for valuable pieces
-
Peace of mind for collectors
-
Coverage during transport or display
Cons:
​
-
Can be expensive for large or very valuable collections
-
Requires ongoing appraisals and documentation
-
Some exclusions may limit coverage
Fine Art Transit or Shipping Insurance
Protects artwork while being moved for exhibitions, sales, or relocations. Coverage includes damage, loss, or theft during shipping, handling, or temporary storage. Essential for collectors, galleries, and museums.