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Do you need to insure your art works
and how?
Just like any
other belongings, art works should be insured. You might have only a
few paintings, sculptures and luxury article and your current
insurance policy might be sufficient. Speak to your insurance broker
in order to make sure that your coverage is adequate.
But if you
have been collecting for a while or if you have inherited family
possessions, it is recommended to have these evaluated by an expert.
Some works can be worth much more today than at their acquisition
time.
A collector
who buys one or two pieces of art every year asked me recently to
evaluate his collection. He was astonished with the results. His
paintings and sculptures had doubled and even tripled in value over
the years and he had never adjusted his insurance coverage! The
document, a written evaluation and photographs, I provided him with
allowed him to discuss a proper protection for his cultural estate
with his insurance broker.
Contact us in
order to have your art collection evaluated. It is a service we
offer but that few people know about.
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