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I’ve seen martini glasses placed on a Donald Judd sculpture by unaware party guests. A sculpture shouldn’t be cleaned with all-purpose cleaning spray, for example. When requesting insurance for your valuable collectibles, whether art, collectibles or jewelry, you should always have proof of value.
For example, one can purchase a policy to cover their fine art collection , or purchase a valuable items policy designed specifically for jewelry , or for wines , antiques , automobiles , luxury goods such as handbags and a litany of other categories. Most standard policies will not provide this degree of specific coverage.
Displays Fine Art Services has become the go-to business for dealing with monumental sculpture. They have years of experience in the area and handle all the needs for the Nasher collection and the Nasher Sculpture Center. Such coverage is much more comprehensive protection against loss.
A provider evaluates the risk, provides a quote, issues coverage, and, in the event of a covered loss, pays the coverage set forth in the policy. In the event of theft however, other item categories like fine art, jewelry, and furs, have classification limits varying from $500 to $5,000 per category depending on the policy.
Your insurance agent has suggested that you need your art or jewelry appraised in order to put them under rider coverage. Gone should be the days when the jewelry store or art gallery that sold you the piece “guaranteed it would appraise for more than you paid.” What types of pieces do you routinely appraise?
Whether its a rare painting, an outdoor sculpture, or a set of antique silverware, caring for these pieces ensures their survival. Collectors with outdoor sculptures must take additional precautions. We work with collectors who schedule conservation visits every six months to ensure their sculptures remain in pristine condition.
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