Learn the art of fine art insurance!

People can get their precious belonging insured whether it is home, car, property, or their own life, with insurance policies.

When it comes to something as special as your precious piece of fine art, things are no different! People can get their art pieces insured too!

However, before going ahead with a particular policy there are a few tips and tricks you need to keep in mind. First, make sure to photograph the entire collection. This should be the first thing on your to-do list before getting them insured. Take multiple photos no less than two. Make sure you take shots from multiple angles, because that way it would be easier to prove the condition and authenticity of the piece in case it gets damaged, stolen, or lost.

Keep one set of photograph in a safety box and other one at your own home. Just to be on the safe side, you can go ahead and give one set to the lawyer or the executor of will. Make sure to keep multiple sets of identical pictures, and not just one.
 
Apart from photographing actual pieces, make sure to take shots of associated documents too. Those documents would include original sales receipt, appraisal, paperwork supporting its provenance and everything else supporting your piece’s value.
 
Create backup of all the photographs by converting them into E-files. For this, you can begin scanning sales receipts and everything and convert them into PDF files that can be stored into multiple backups on a computer or a server.

Many agencies specialize in insurance coverage for antiques, and fine art pieces. To get hands on a deal that provides best coverage at affordable premiums, the wise thing would be asking for online fine art insurance quotes. Many websites offer such quotes on behalf of available insurance firms.

So instead of calling every single firm individually or browsing their web pages one by one, a person can simply feed in all his questions in just one website and ask for multiple quotes. This facilitates easier comparison between multiple insurance policies.

One more thing to be remembered about this type of coverage is that fine art insurance is negotiable. You don’t have to accept just the first offer. Ask questions, get as many quotes as possible, do thorough research to know the details as well as the loopholes of policies.