Insurance Policies To Protect Your Artwork


If you are an owner of any valuable artwork then you should be thinking about insuring your asset.

Even if you don;t think that there is a threat of theft, then insurance is still prudent as your valuable works could still be damaged by natural disaster, water or fire in your home.

Insurance is for exactly those things that you don;t expect or vary rarely happen, so you should bear this in mind when considering your risk exposure.

Some great opinions can be found on and you should check these when you’ve narrowed down your selection and are close to choosing your policy.

You may have a range of artwork of different styles and media, and it may be that you will have to insure your works with different insurance policies.

Insuring Your Collection Properly

Remember that insurance is only useful if you take it out before anything has happened! So think ahead.

Don’t wait and don’t delay.Insurance needs to be addressed at the moment you acquire the work.

Insure as soon as the artwork becomes yours. This way, even in transit to your residence, your artwork will be protected against loss.

One of the first things you’ll need to do is check your homeowners policy. Depending on the size and type of your collection, there may be some cover, but don’t bank on it. Most homeowners policies specifically exclude artwork.

Insuring an art collection with a fine art insurance specialist means that you get an individual service that is tailored to your needs. Each piece of art that you own can be evaluated and insured properly.


Very important in the process of insuring your collection is the provenance of all of the works that you own.

You will need to have some form of proof of ownership for each piece, so that means receipts and documentation that you may have regarding the piece and how you came to be in possession of it.

All of this will be needed by your insurance company and will form part of the valuation process.

Advice on how to do this can be found online, and your insurance company will also help you with this.


Once you’ve got your artwork insured that’s not the end of the story. You’ll need to keep your insurer updated with any changing to your collection if you buy or sell art as this will have an effect on the premium that you pay,

Also, artwork changes in value, so you’ll need to have an assessor to re-appraise your work every three to five years, depending on your collection.

You should always be checking that you have the right type of insurance as your collection changes.


Most art claims come from issues in transit. It is all too easy for art to be damaged whilst being moved, so as mentioned before it is vital that you make sure you insure each piece as soon as it becomes yours, rather than when it arrives at your property as that may just be too late.