ratpack
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September 2006
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Art Insurance in the UK, by ratpack on Sept 14, 2006 17:29:24 GMT 1,
Hi there,
Could anyone advise me on insuring my prints? What's the best way to explain their value etc? I have photographic proof of them but it's the value that maybe harder to jusitfy.
My home insurance is through a normal well advertised insurers. Is there someone better to use?
Apologies if there's already a link on this! Just let me know
Cheers
Hi there,
Could anyone advise me on insuring my prints? What's the best way to explain their value etc? I have photographic proof of them but it's the value that maybe harder to jusitfy.
My home insurance is through a normal well advertised insurers. Is there someone better to use?
Apologies if there's already a link on this! Just let me know
Cheers
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Art Insurance in the UK, by artforartssake on Sept 14, 2006 17:51:48 GMT 1, Just renewed my contents insurance and the company asked for a list of all the prints along with their value.
I used the last price on ebay to set the value, but 'replacement' cost would probably be much higher in the current market  , hmmm may have to get back in touch with them again.....expensive business this Banksy collecting malarky 
Just renewed my contents insurance and the company asked for a list of all the prints along with their value. I used the last price on ebay to set the value, but 'replacement' cost would probably be much higher in the current market , hmmm may have to get back in touch with them again.....expensive business this Banksy collecting malarky |
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ratpack
New Member
๐จ๏ธ 353
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September 2006
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Art Insurance in the UK, by ratpack on Sept 15, 2006 14:08:46 GMT 1,
Cheers. Anybody else got any good advice?
;D
Cheers. Anybody else got any good advice?
;D
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Run Pig Run
Junior Member
๐จ๏ธ 2,437
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January 2006
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Art Insurance in the UK, by Run Pig Run on Sept 22, 2006 16:59:28 GMT 1, dunno, i want to insure mine, i've only got a few but they are now worth more than my car!
with the prices increasing so rapidly it's differcult to value them i.e love rat was worth ยฃ75 two months ago, you'd probably get around ยฃ300 for it now and who knows what in 6 months.
dunno, i want to insure mine, i've only got a few but they are now worth more than my car!
with the prices increasing so rapidly it's differcult to value them i.e love rat was worth ยฃ75 two months ago, you'd probably get around ยฃ300 for it now and who knows what in 6 months.
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ABC
Artist
Junior Member
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August 2006
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Art Insurance in the UK, by ABC on Sept 26, 2006 21:45:46 GMT 1, one went for 550 on ebay last week
one went for 550 on ebay last week
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Art Insurance in the UK, by numusic on Sept 26, 2006 21:53:30 GMT 1, and Bar code just went for 1800 !!! time to reinsure those prints people. Insured mine for 700 just 2 months ago.. jeez.
and Bar code just went for 1800 !!! time to reinsure those prints people. Insured mine for 700 just 2 months ago.. jeez.
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Art Insurance in the UK, by Jonny Breaks on Mar 26, 2007 17:58:16 GMT 1, Hi,
Does anyone know of any good art insurance companies?
Had a think about replacing my pictures in the event of idiot house mate leaving stove on all night again and came up with a figure of around 9-10k. Now i hadnt really thought about this before so phoned my house insurance company and it was going to put my premium up by about ยฃ450 a year 
So was thinking of getting them on a seperate policy......any ideas?
many thanks!!!
Hi, Does anyone know of any good art insurance companies? Had a think about replacing my pictures in the event of idiot house mate leaving stove on all night again and came up with a figure of around 9-10k. Now i hadnt really thought about this before so phoned my house insurance company and it was going to put my premium up by about ยฃ450 a year So was thinking of getting them on a seperate policy......any ideas? many thanks!!! |
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CR
Artist
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October 2006
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Art Insurance in the UK, by CR on Mar 26, 2007 20:42:25 GMT 1, bump,
yea id like to know this too as I am wandering how much you a likely to pay in premiums for insurance. I reckon at the moment my collection would cost around 5k to replace!
bump,
yea id like to know this too as I am wandering how much you a likely to pay in premiums for insurance. I reckon at the moment my collection would cost around 5k to replace!
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maccamcd
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March 2007
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Art Insurance in the UK, by maccamcd on Mar 26, 2007 20:46:33 GMT 1, within a normal contents insurance...
its actually really cheap to insure, i use c.e heath, thats what they were called, not sure if they have merged/taken over...direct a mortgage broker their way..i use archway insurance..in n7 or n19...
within a normal contents insurance...
its actually really cheap to insure, i use c.e heath, thats what they were called, not sure if they have merged/taken over...direct a mortgage broker their way..i use archway insurance..in n7 or n19...
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Art Insurance in the UK, by rabbitlegs on Mar 26, 2007 23:29:15 GMT 1, A friend mentioned this topic only a week ago..Most firms have a limited single item cover (within normal household insurance) Usually around ยฃ1500
This isnt always enough. Esp with signed Banksy prints and their huge price tags,
Halifax B/S may be worth a look, Will insure any amount of seperate items for any price !
No home visit no serial/issue number checks,he said it was all done in 10mins at his local branch (not sure if you need an account with them or not?)
He has 3 pieces insured at replacement value of 4k each for around ยฃ500 a yr plus everything else in the house (inc other prints+all electrical items) upto a value of 1.5k each not exceeding a payout limit of 1Million. Seemed fairly reasonable to me.
A friend mentioned this topic only a week ago..Most firms have a limited single item cover (within normal household insurance) Usually around ยฃ1500
This isnt always enough. Esp with signed Banksy prints and their huge price tags,
Halifax B/S may be worth a look, Will insure any amount of seperate items for any price !
No home visit no serial/issue number checks,he said it was all done in 10mins at his local branch (not sure if you need an account with them or not?)
He has 3 pieces insured at replacement value of 4k each for around ยฃ500 a yr plus everything else in the house (inc other prints+all electrical items) upto a value of 1.5k each not exceeding a payout limit of 1Million. Seemed fairly reasonable to me.
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Run Pig Run
Junior Member
๐จ๏ธ 2,437
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January 2006
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Art Insurance in the UK, by Run Pig Run on Mar 27, 2007 16:50:20 GMT 1, mine are insured under a normal contents insurance policy where (like you said rabbitlegs) the limited single item cover is under ยฃ1500. I have no print worth over ยฃ1000 but altogether they are currently worth around ยฃ8000-10000. there was no extra cost each month.
mine are insured under a normal contents insurance policy where (like you said rabbitlegs) the limited single item cover is under ยฃ1500. I have no print worth over ยฃ1000 but altogether they are currently worth around ยฃ8000-10000. there was no extra cost each month.
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Art Insurance in the UK, by tomhills1 on Mar 27, 2007 17:10:13 GMT 1, we're insured with payment shield, who let us claim up to ยฃ40,000. ยฃ300 a year buildings and contents. no limit to a single claim so long as you don't exceed your insured contents. didn't want receipts/proof etc.
we're insured with payment shield, who let us claim up to ยฃ40,000. ยฃ300 a year buildings and contents. no limit to a single claim so long as you don't exceed your insured contents. didn't want receipts/proof etc.
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ziggy
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October 2006
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Art Insurance in the UK, by ziggy on Mar 27, 2007 18:17:05 GMT 1, If you need 'proper' art insurance then 'high net worth' insurance polices are the way to go. Hiscox has been the cheapest in my experience. The 'high net worth' policies are much more comprehesive than standard insurance polices as most will insure you against 'art value loss', ie if you have a vase that will cost ยฃ2000 to replace, you then drop it, the insurer will pay for repair and also give you the the difference in value between a mint vase and a damaged vase. Most high net worth insurance policies will also insure all the contents away from the home (ie transporting art) and have no single item limits. The policies will cost more than standard policies but you just know that making a claim on the other policies will be difficult.
If you need 'proper' art insurance then 'high net worth' insurance polices are the way to go. Hiscox has been the cheapest in my experience. The 'high net worth' policies are much more comprehesive than standard insurance polices as most will insure you against 'art value loss', ie if you have a vase that will cost ยฃ2000 to replace, you then drop it, the insurer will pay for repair and also give you the the difference in value between a mint vase and a damaged vase. Most high net worth insurance policies will also insure all the contents away from the home (ie transporting art) and have no single item limits. The policies will cost more than standard policies but you just know that making a claim on the other policies will be difficult.
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bugmenot
New Member
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September 2006
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Art Insurance in the UK, by bugmenot on Mar 29, 2007 15:15:18 GMT 1, Ok check this for home insurance.
Marks and Spencer.
2 bed flat - above 1st floor + garage.
UNLIMITED TOTAL!!
ยฃ4000 limit on any item - includes Art / Bikes etc.
ยฃ130
and the best thing for another ยฃ50 includes cover wherever any of your stuff is anywhere in the world! I plan on taking my Grannies off on a bike ride round Europe happily in the knowledge no cheeky frenchie thief will leave me out of pocket.
Ok check this for home insurance.
Marks and Spencer.
2 bed flat - above 1st floor + garage.
UNLIMITED TOTAL!!
ยฃ4000 limit on any item - includes Art / Bikes etc.
ยฃ130
and the best thing for another ยฃ50 includes cover wherever any of your stuff is anywhere in the world! I plan on taking my Grannies off on a bike ride round Europe happily in the knowledge no cheeky frenchie thief will leave me out of pocket.
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maccamcd
New Member
๐จ๏ธ 60
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March 2007
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Art Insurance in the UK, by maccamcd on Apr 5, 2007 17:18:31 GMT 1, just noticed the banner adds on here....tesco and some other home insurance! clever fckers are those cnuts at google! and tesco.....world domination....silky, make sure you get some money off them, should we all click their links?
just noticed the banner adds on here....tesco and some other home insurance! clever fckers are those cnuts at google! and tesco.....world domination....silky, make sure you get some money off them, should we all click their links?
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Art Insurance in the UK, by Daniel Silk on Apr 5, 2007 17:36:23 GMT 1, just noticed the banner adds on here....tesco and some other home insurance! clever fckers are those cnuts at google! and tesco.....world domination....silky, make sure you get some money off them, should we all click their links?
Haaa Yeah, ;D If had realised that this forum was gonna become as popular as this I would have done things a little different ;D
just noticed the banner adds on here....tesco and some other home insurance! clever fckers are those cnuts at google! and tesco.....world domination....silky, make sure you get some money off them, should we all click their links? Haaa Yeah, ;D If had realised that this forum was gonna become as popular as this I would have done things a little different ;D |
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gordy
New Member
๐จ๏ธ 320
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May 2006
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Art Insurance in the UK, by gordy on Apr 5, 2007 18:43:19 GMT 1, Silky...
You should demand payment in prints from all the galleries and artists that have obviously done well from this forum ;D ;D
You would be the new Damien Hirst ;D ;D 
Silky... You should demand payment in prints from all the galleries and artists that have obviously done well from this forum ;D ;D You would be the new Damien Hirst ;D ;D |
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Michael Jacob
Artist
Junior Member
๐จ๏ธ 2,049
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October 2006
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Art Insurance in the UK, by Michael Jacob on Apr 5, 2007 20:03:32 GMT 1, Im in the United State and have State Farm. I have a separate policy just for fine art. The appraised value is $30,000 USD and its only $135.00 USD a year. This is for complete replacement value. Even if my kids damage them for ANY reason. I think its very cheap for peace of mind.
Im in the United State and have State Farm. I have a separate policy just for fine art. The appraised value is $30,000 USD and its only $135.00 USD a year. This is for complete replacement value. Even if my kids damage them for ANY reason. I think its very cheap for peace of mind.
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Michael Jacob
Artist
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๐จ๏ธ 2,049
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October 2006
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Art Insurance in the UK, by Michael Jacob on Apr 5, 2007 20:05:37 GMT 1, Just to add to my previous post. I had appraisals done for each of my artworks. The appraisal along with a photo was send to my insurance company for their records. I kept a copy for myself.
Just to add to my previous post. I had appraisals done for each of my artworks. The appraisal along with a photo was send to my insurance company for their records. I kept a copy for myself.
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Aza
Artist
Junior Member
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November 2006
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Art Insurance in the UK, by Aza on Apr 6, 2007 12:37:25 GMT 1, Just to add to my previous post. I had appraisals done for each of my artworks. The appraisal along with a photo was send to my insurance company for their records. I kept a copy for myself.
Hi Jake
Who did your appraisals? Did you have to take all your pieces somewhere or were they done by another method?
Cheers
Just to add to my previous post. I had appraisals done for each of my artworks. The appraisal along with a photo was send to my insurance company for their records. I kept a copy for myself. Hi Jake Who did your appraisals? Did you have to take all your pieces somewhere or were they done by another method? Cheers |
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Michael Jacob
Artist
Junior Member
๐จ๏ธ 2,049
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October 2006
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Art Insurance in the UK, by Michael Jacob on Apr 6, 2007 13:55:16 GMT 1, Most of my artwork are original paintings. Some of them, I got appraisals from galleries who sell the artists artwork. Some did it free, one or two charged a little. For my old paintings, I had a local antique shop do it. They were state certified appraisers. They do a good job, because they really max out the value. That way, youre covered. My policy also adds inflation each year. For Banksys stuff I will supply a few ebay listings that sold to show the benchmark. When you insure artwork, you get to set the price. I think the fees are very reasonable. Thanks
Most of my artwork are original paintings. Some of them, I got appraisals from galleries who sell the artists artwork. Some did it free, one or two charged a little. For my old paintings, I had a local antique shop do it. They were state certified appraisers. They do a good job, because they really max out the value. That way, youre covered. My policy also adds inflation each year. For Banksys stuff I will supply a few ebay listings that sold to show the benchmark. When you insure artwork, you get to set the price. I think the fees are very reasonable. Thanks
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Art Insurance in the UK, by ThursdayFeeling on Apr 11, 2007 10:52:50 GMT 1, Try CIS telephone number 0845 746 46 46.
Just renewed my policy, the art work is under the contents insurance. If you insure for 40K it's around ยฃ400.
So if your house burns down and you have a few unsigned prints, you can claim for your clothes, and electrical stuff up to the value of ยฃ40k. However if you have a signed Kate Moss or maybe a Rude Copper, you can claim for the prints, but you'd be walking around naked.
Try CIS telephone number 0845 746 46 46.
Just renewed my policy, the art work is under the contents insurance. If you insure for 40K it's around ยฃ400.
So if your house burns down and you have a few unsigned prints, you can claim for your clothes, and electrical stuff up to the value of ยฃ40k. However if you have a signed Kate Moss or maybe a Rude Copper, you can claim for the prints, but you'd be walking around naked.
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johnerotten
New Member
๐จ๏ธ 190
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March 2007
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Art Insurance in the UK, by johnerotten on May 20, 2007 1:45:05 GMT 1, how do i get my sepia morons appraised? how much is it worth? how much should i insure it for?
how do i get my sepia morons appraised? how much is it worth? how much should i insure it for?
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hlarmy
Junior Member
๐จ๏ธ 3,199
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November 2007
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Art Insurance in the UK, by hlarmy on Mar 24, 2008 22:28:14 GMT 1, Apologies if this has been dealt with before (which I'm sure it has in the past) but I am planning on spending a couple of hours tomorrow calling up the different insurance companies to get a quote for my growing collection.
Before I start I thought I'd try and tap into the experience and knowledge of those who have already done this in the past.
Which is the best company? Do you have insurance as part of your home insurance or a specialist policy??
So ... any advise would be appreciated. Cheers
Apologies if this has been dealt with before (which I'm sure it has in the past) but I am planning on spending a couple of hours tomorrow calling up the different insurance companies to get a quote for my growing collection. Before I start I thought I'd try and tap into the experience and knowledge of those who have already done this in the past. Which is the best company? Do you have insurance as part of your home insurance or a specialist policy?? So ... any advise would be appreciated. Cheers |
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saltandiron
New Member
๐จ๏ธ 794
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July 2006
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Art Insurance in the UK, by saltandiron on Mar 24, 2008 22:34:08 GMT 1, Hiscox is the name that comes up a lot, but best to ring everyone up and just see what they offer you.
Hiscox is the name that comes up a lot, but best to ring everyone up and just see what they offer you.
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Art Insurance in the UK, by spenie1975 on Mar 24, 2008 22:53:16 GMT 1, Try more than, added ยฃ 5000.00 specified art work to my policy at no extra cost. No accidental damage cover but I'm sure you can include this.
Try more than, added ยฃ 5000.00 specified art work to my policy at no extra cost. No accidental damage cover but I'm sure you can include this.
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retrome
New Member
๐จ๏ธ 341
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December 2007
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Art Insurance in the UK, by retrome on Mar 24, 2008 23:19:25 GMT 1, I have let insurance threads pass me by before. I am an art insurance broker as well as a collector (as some of you already know).
If you would like any assistance, PM me or check out the site (UK Only).
www.loveartinsurance.co.uk
Thanks
I have let insurance threads pass me by before. I am an art insurance broker as well as a collector (as some of you already know). If you would like any assistance, PM me or check out the site (UK Only). www.loveartinsurance.co.ukThanks |
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yapsey
Junior Member
๐จ๏ธ 1,217
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November 2007
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Art Insurance in the UK, by yapsey on Mar 25, 2008 1:45:16 GMT 1, hiscox are the primary insurers for art.
i took advise from a good friend of mine who is one of the uk's most senior auctioneers. he told that if you can afford to replace your entire collection, or certain aspects of your collection are genuinely irreplaceable - insure them. otherwise, the potential risk of damage is not worth the amount you would pay in premiums that would never get claimed on.
they make their money by suggesting to you how much risk you are at - when actually, if your gear is well and safely hung on a wall, or kept flat in a safe place, there is very little likelihood of potential damage.
although, all that said - my lot is insured.........
hiscox are the primary insurers for art.
i took advise from a good friend of mine who is one of the uk's most senior auctioneers. he told that if you can afford to replace your entire collection, or certain aspects of your collection are genuinely irreplaceable - insure them. otherwise, the potential risk of damage is not worth the amount you would pay in premiums that would never get claimed on.
they make their money by suggesting to you how much risk you are at - when actually, if your gear is well and safely hung on a wall, or kept flat in a safe place, there is very little likelihood of potential damage.
although, all that said - my lot is insured.........
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hlarmy
Junior Member
๐จ๏ธ 3,199
๐๐ป 64
November 2007
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Art Insurance in the UK, by hlarmy on Mar 25, 2008 14:40:52 GMT 1, Cheers for the above comments - if anyone else has anything to add, that would be great
Cheers for the above comments - if anyone else has anything to add, that would be great |
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cakeboy
New Member
๐จ๏ธ 641
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March 2007
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Art Insurance in the UK, by cakeboy on Mar 25, 2008 21:52:07 GMT 1, I just got mine re insured and i will say these guys are deffo worth contacting .. offered me an amazing service and there well into there art .. even knew all my banksys individually ;D got an amazing deal !
www.anthonywakefield.com/
I just got mine re insured and i will say these guys are deffo worth contacting .. offered me an amazing service and there well into there art .. even knew all my banksys individually ;D got an amazing deal ! www.anthonywakefield.com/ |
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, hmmm may have to get back in touch with them again.....expensive business this Banksy collecting malarky 
