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Art Insurance in Australia, by Jeezuz Jones Snr on Aug 9, 2015 23:20:41 GMT 1, Hi guys
I know there a few Aussies on here, any advice for insuring some prints guys? I am with one of the big 4 Banks and they just say 'add it onto my Contents' insurance? without an appraisal etc.? The person i talked to was a bit clueless to be fair.
Anyone insured with the banks or through someone else? any advice would be much appreciated  Many thanks
Hi guys I know there a few Aussies on here, any advice for insuring some prints guys? I am with one of the big 4 Banks and they just say 'add it onto my Contents' insurance? without an appraisal etc.? The person i talked to was a bit clueless to be fair. Anyone insured with the banks or through someone else? any advice would be much appreciated Many thanks |
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matthoff
New Member
Posts โข 24
Likes โข 13
April 2014
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Art Insurance in Australia, by matthoff on Aug 10, 2015 1:20:46 GMT 1, I'm quoting that out as well. I emailed Amy Wadsworth at Aon who specializes in art insurance. This is the response I got.
The general minimum base premium in the market for a specialised fine art policy is $1,000 plus charges and this minimum annual base premium is a new agreement we have from one of my specialised fine art insurers. As this is the minimum annual base premium if the policy is cancelled there is no return base premium.
Hiscox is part of the Lloyd's of London and a highly regarded specialised fine art insurer who we have used for many years. They have high expertise in this area and a fantastic claims department who again specialise within fine art space.
I was given a quote of $700 ($500 plus taxes, broker fee, etc). This included everything I covered, but I was able to list the prices. The minimum cover was $150,000 so there's no price change as you increase or decrease the quantity covered. I'm checking what it would cost to add it to the homeowner's policy as well to see if there's any difference.
I'm quoting that out as well. I emailed Amy Wadsworth at Aon who specializes in art insurance. This is the response I got.
The general minimum base premium in the market for a specialised fine art policy is $1,000 plus charges and this minimum annual base premium is a new agreement we have from one of my specialised fine art insurers. As this is the minimum annual base premium if the policy is cancelled there is no return base premium.
Hiscox is part of the Lloyd's of London and a highly regarded specialised fine art insurer who we have used for many years. They have high expertise in this area and a fantastic claims department who again specialise within fine art space.
I was given a quote of $700 ($500 plus taxes, broker fee, etc). This included everything I covered, but I was able to list the prices. The minimum cover was $150,000 so there's no price change as you increase or decrease the quantity covered. I'm checking what it would cost to add it to the homeowner's policy as well to see if there's any difference.
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Art Insurance in Australia, by Jeezuz Jones Snr on Aug 10, 2015 2:56:25 GMT 1, Thanks for that Matt.
Thanks for that Matt.
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Many thanks
