poofly
New Member
๐จ๏ธ 490
๐๐ป 352
September 2006
|
Art Insurance in the UK, by poofly on Mar 16, 2020 15:57:50 GMT 1, I have my art insured under my normal house insurance (based in the UK) but have been advised that it might be cheaper to have my art listed under a separate specialist art insurance policy.
Does anyone have any dealings with specialist art insurers? or know of any....
Ta
I have my art insured under my normal house insurance (based in the UK) but have been advised that it might be cheaper to have my art listed under a separate specialist art insurance policy.
Does anyone have any dealings with specialist art insurers? or know of any....
Ta
|
|
Balboa
New Member
๐จ๏ธ 976
๐๐ป 1,409
November 2007
|
Art Insurance in the UK, by Balboa on Mar 16, 2020 16:04:18 GMT 1, I have my art insured under my normal house insurance (based in the UK) but have been advised that it might be cheaper to have my art listed under a separate specialist art insurance policy. Does anyone have any dealings with specialist art insurers? or know of any.... Ta
There are plenty of threads about this if you just run a search.
I have my art insured under my normal house insurance (based in the UK) but have been advised that it might be cheaper to have my art listed under a separate specialist art insurance policy. Does anyone have any dealings with specialist art insurers? or know of any.... Ta There are plenty of threads about this if you just run a search. |
|
Terry Fuckwitt
Junior Member
๐จ๏ธ 3,600
๐๐ป 6,562
October 2019
|
Art Insurance in the UK, by Terry Fuckwitt on Mar 16, 2020 16:15:17 GMT 1, I have my art insured under my normal house insurance (based in the UK) but have been advised that it might be cheaper to have my art listed under a separate specialist art insurance policy. Does anyone have any dealings with specialist art insurers? or know of any.... Ta
I use Hiscox after recommendations from this forum. Easy blanket cover on all art work and no need to list artworks unless over a big value item.
Never had to make a claim, but they are good at taking your money๐
I have my art insured under my normal house insurance (based in the UK) but have been advised that it might be cheaper to have my art listed under a separate specialist art insurance policy. Does anyone have any dealings with specialist art insurers? or know of any.... Ta I use Hiscox after recommendations from this forum. Easy blanket cover on all art work and no need to list artworks unless over a big value item. Never had to make a claim, but they are good at taking your money๐ |
|
aki
New Member
๐จ๏ธ 565
๐๐ป 356
June 2017
|
Art Insurance in the UK, by aki on Mar 18, 2020 10:28:57 GMT 1, +1 for Hiscox, donโt know what theyโre like if you needed to claim though
+1 for Hiscox, donโt know what theyโre like if you needed to claim though
|
|
Balboa
New Member
๐จ๏ธ 976
๐๐ป 1,409
November 2007
|
Art Insurance in the UK, by Balboa on Mar 18, 2020 10:48:23 GMT 1, Surely thereโs zero point in recommending an insurance company without having ever made a claim through them.
Surely thereโs zero point in recommending an insurance company without having ever made a claim through them.
|
|
Terry Fuckwitt
Junior Member
๐จ๏ธ 3,600
๐๐ป 6,562
October 2019
|
Art Insurance in the UK, by Terry Fuckwitt on Mar 18, 2020 10:59:46 GMT 1, Surely thereโs zero point in recommending an insurance company without having ever made a claim through them.
Completely agree, I had asked previously if anyone had ever had to make a claim through Hiscox, but never had any replies.
Does anyone know if there is a thread on good/bad dealings with art insurance companies?
Surely thereโs zero point in recommending an insurance company without having ever made a claim through them. Completely agree, I had asked previously if anyone had ever had to make a claim through Hiscox, but never had any replies. Does anyone know if there is a thread on good/bad dealings with art insurance companies? |
|
|
|
pellets
New Member
๐จ๏ธ 758
๐๐ป 751
October 2018
|
Art Insurance in the UK, by pellets on Mar 18, 2020 16:13:54 GMT 1, Surely thereโs zero point in recommending an insurance company without having ever made a claim through them. Completely agree, I had asked previously if anyone had ever had to make a claim through Hiscox, but never had any replies. Does anyone know if there is a thread on good/bad dealings with art insurance companies?
Also interested in hearing the outcome of this question.
Surely thereโs zero point in recommending an insurance company without having ever made a claim through them. Completely agree, I had asked previously if anyone had ever had to make a claim through Hiscox, but never had any replies. Does anyone know if there is a thread on good/bad dealings with art insurance companies? Also interested in hearing the outcome of this question. |
|
mtntomtom
New Member
๐จ๏ธ 416
๐๐ป 150
September 2016
|
Art Insurance in the UK, by mtntomtom on Sept 19, 2020 6:59:09 GMT 1, Hello Guys,
I would like to know which insurance you took to insure you art collection and would also like to know how you define the price of a piece for the insurance and in case of issue how you can ensure that the insurance will reimburse the actual price and not the buying price.
Thanks in advance
Hello Guys,
I would like to know which insurance you took to insure you art collection and would also like to know how you define the price of a piece for the insurance and in case of issue how you can ensure that the insurance will reimburse the actual price and not the buying price.
Thanks in advance
|
|
Octopus UK
New Member
๐จ๏ธ 881
๐๐ป 196
February 2007
|
Art Insurance in the UK, by Octopus UK on Sept 19, 2020 20:09:09 GMT 1, Hiscox are expensive, but up to a certain amount they don't ask for details of specific pieces.
Hiscox are expensive, but up to a certain amount they don't ask for details of specific pieces.
|
|
BrotherBern
New Member
๐จ๏ธ 407
๐๐ป 87
February 2012
|
Art Insurance in the UK, by BrotherBern on Sept 19, 2020 22:04:02 GMT 1, Hiscox are expensive, but up to a certain amount they don't ask for details of specific pieces.
Hiscox are expensive, but up to a certain amount they don't ask for details of specific pieces. Up to ยฃ50k for an individual piece, they dont ask for details. |
|
|
|
Art Insurance in the UK, by John The Badgers on Sept 21, 2020 18:46:50 GMT 1, As above Mtntomtom, Hiscox the way to go depending on the value of your collection?
I've been through this exercise recently where my conventional house insurance starting to get inadequate/expensive, hence insuring independently with Hiscox.
I would add here, on your point as to value, this is important as basically you have to advise how much cover you want, and that's what you are 'protected' for.
If you were to make a claim, they will reimburse you for the cost to replace the item lost/stolen. This pertinent if you are going by auction sales to justify the value which is reasonable enough.
You therefore need to allow for the auction fees (circa 32%), as this justifiably needs to be added to the hammer price, to establish the cost to replace the item.
Can I also add, with Hiscox you have to differentiate between art works, and books, these are classed separately.
As above Mtntomtom, Hiscox the way to go depending on the value of your collection?
I've been through this exercise recently where my conventional house insurance starting to get inadequate/expensive, hence insuring independently with Hiscox.
I would add here, on your point as to value, this is important as basically you have to advise how much cover you want, and that's what you are 'protected' for.
If you were to make a claim, they will reimburse you for the cost to replace the item lost/stolen. This pertinent if you are going by auction sales to justify the value which is reasonable enough.
You therefore need to allow for the auction fees (circa 32%), as this justifiably needs to be added to the hammer price, to establish the cost to replace the item.
Can I also add, with Hiscox you have to differentiate between art works, and books, these are classed separately.
|
|
merseystik
New Member
๐จ๏ธ 38
๐๐ป 40
December 2017
|
Art Insurance in the UK, by merseystik on Sept 21, 2020 21:14:42 GMT 1, Iโve insured my collection via Hiscox direct - and Iโam an Insurance Broker!
Iโve insured my collection via Hiscox direct - and Iโam an Insurance Broker!
|
|
disturbart
New Member
๐จ๏ธ 753
๐๐ป 302
September 2014
|
Art Insurance in the UK, by disturbart on Sept 22, 2020 9:26:36 GMT 1, With Banksy prices rising, what is everyone doing now with regards to home and art insurance?
I am aware that you can take out art insurance with companies like Hiscox fairly easily with art collections
up to ยฃ200k fairly easily for around ยฃ500.00 per year.
However when you tell your home insurance company that you have an art collection in the house worth ยฃ200k then they will not insure you for contents insurance that covers your other belongings even though Hiscox are insuring it?
What is everyone doing now? Any advice please on how to get these two aspects of insurance to work together?
With Banksy prices rising, what is everyone doing now with regards to home and art insurance?
I am aware that you can take out art insurance with companies like Hiscox fairly easily with art collections
up to ยฃ200k fairly easily for around ยฃ500.00 per year.
However when you tell your home insurance company that you have an art collection in the house worth ยฃ200k then they will not insure you for contents insurance that covers your other belongings even though Hiscox are insuring it?
What is everyone doing now? Any advice please on how to get these two aspects of insurance to work together?
|
|
Lazarus II
Junior Member
๐จ๏ธ 1,804
๐๐ป 2,429
August 2019
|
Art Insurance in the UK, by Lazarus II on Sept 22, 2020 9:29:10 GMT 1, My home insurance is with directline select and they specifically exclude art and prints but cover the remaining contents. I took separate insurance via Hiscox for art and prints.
My home insurance is with directline select and they specifically exclude art and prints but cover the remaining contents. I took separate insurance via Hiscox for art and prints.
|
|
|
|
GMA
Junior Member
๐จ๏ธ 1,962
๐๐ป 2,994
October 2015
|
Art Insurance in the UK, by GMA on Sept 22, 2020 10:33:02 GMT 1, I don't get why you would even needed to tell them if you have a separate insurance policy for it. One policy is for the house, the other for art. They're an insurance company, they'll bleed you dry and any opportunity to increase the premiums, they'll take it.
I don't get why you would even needed to tell them if you have a separate insurance policy for it. One policy is for the house, the other for art. They're an insurance company, they'll bleed you dry and any opportunity to increase the premiums, they'll take it.
|
|
photoluka
New Member
๐จ๏ธ 7
๐๐ป 3
April 2007
|
Art Insurance in the UK, by photoluka on Sept 22, 2020 11:29:34 GMT 1, I agree, you shouldn't need to declare to your house insurer. They won't insure your art past a certain value cยฃ10k and i never had them say they wouldn't insure me because of my art. That's where there interest should end.
I used Ultimart for the art insurance. I thought their benefits were better than Hiscox, their market value increase coverage was better too which in the current climate was a key decision for me.
I agree, you shouldn't need to declare to your house insurer. They won't insure your art past a certain value cยฃ10k and i never had them say they wouldn't insure me because of my art. That's where there interest should end.
I used Ultimart for the art insurance. I thought their benefits were better than Hiscox, their market value increase coverage was better too which in the current climate was a key decision for me.
|
|
disturbart
New Member
๐จ๏ธ 753
๐๐ป 302
September 2014
|
Art Insurance in the UK, by disturbart on Sept 22, 2020 14:16:32 GMT 1, I agree, you shouldn't need to declare to your house insurer. They won't insure your art past a certain value cยฃ10k and i never had them say they wouldn't insure me because of my art. That's where there interest should end. I used Ultimart for the art insurance. I thought their benefits were better than Hiscox, their market value increase coverage was better too which in the current climate was a key decision for me.
I agree, you shouldn't need to declare to your house insurer. They won't insure your art past a certain value cยฃ10k and i never had them say they wouldn't insure me because of my art. That's where there interest should end. I used Ultimart for the art insurance. I thought their benefits were better than Hiscox, their market value increase coverage was better too which in the current climate was a key decision for me. The reason why you need to tell your house insurer is because you will find you have not answered the questions truthfully. When you take out a policy and when your art collection goes up in value you need to inform them as per the terms and conditions. If you do not, you are therefore not covered for any insurance. If you have an art collection worth say ยฃ100 or ยฃ200k you are seen as a higher risk and most companies will not insure you for any contents even if they are not covering the art. |
|
disturbart
New Member
๐จ๏ธ 753
๐๐ป 302
September 2014
|
Art Insurance in the UK, by disturbart on Sept 22, 2020 14:18:34 GMT 1, My home insurance is with directline select and they specifically exclude art and prints but cover the remaining contents. I took separate insurance via Hiscox for art and prints.
My home insurance is with directline select and they specifically exclude art and prints but cover the remaining contents. I took separate insurance via Hiscox for art and prints. Just spoke to them. Its all or nothing with direct line select. Waiting for their quote. |
|
Lazarus II
Junior Member
๐จ๏ธ 1,804
๐๐ป 2,429
August 2019
|
Art Insurance in the UK, by Lazarus II on Sept 22, 2020 14:22:19 GMT 1, My home insurance is with directline select and they specifically exclude art and prints but cover the remaining contents. I took separate insurance via Hiscox for art and prints. Just spoke to them. Its all or nothing with direct line select. Waiting for their quote.
interesting, im still with them and have renewed for a few years now but excluding art and prints.
My home insurance is with directline select and they specifically exclude art and prints but cover the remaining contents. I took separate insurance via Hiscox for art and prints. Just spoke to them. Its all or nothing with direct line select. Waiting for their quote. interesting, im still with them and have renewed for a few years now but excluding art and prints. |
|
jamieb
New Member
๐จ๏ธ 673
๐๐ป 516
December 2007
|
Art Insurance in the UK, by jamieb on Sept 22, 2020 14:32:13 GMT 1, I'm with Directline and only renewed literally yesterday.
They are happy to insure my Banksy for ยฃ60k up from ยฃ25k last year as it's gone nuts. It's specially listed on my policy, the lady (Lisa in Bristol) had to speak to head office and the underwriters, then she called me back to tell me it was approved, we actually had a good chat about the Bristol show.
My contents insurance does need to be high enough to include it and everything else.
They do have some stipulations about locks and that I have to have a monitored alarm, but I have that anyway.
I'm with Directline and only renewed literally yesterday.
They are happy to insure my Banksy for ยฃ60k up from ยฃ25k last year as it's gone nuts. It's specially listed on my policy, the lady (Lisa in Bristol) had to speak to head office and the underwriters, then she called me back to tell me it was approved, we actually had a good chat about the Bristol show.
My contents insurance does need to be high enough to include it and everything else.
They do have some stipulations about locks and that I have to have a monitored alarm, but I have that anyway.
|
|
Lazarus II
Junior Member
๐จ๏ธ 1,804
๐๐ป 2,429
August 2019
|
Art Insurance in the UK, by Lazarus II on Sept 22, 2020 14:43:15 GMT 1, I agree, you shouldn't need to declare to your house insurer. They won't insure your art past a certain value cยฃ10k and i never had them say they wouldn't insure me because of my art. That's where there interest should end. I used Ultimart for the art insurance. I thought their benefits were better than Hiscox, their market value increase coverage was better too which in the current climate was a key decision for me. The reason why you need to tell your house insurer is because you will find you have not answered the questions truthfully. When you take out a policy and when your art collection goes up in value you need to inform them as per the terms and conditions. If you do not, you are therefore not covered for any insurance. If you have an art collection worth say ยฃ100 or ยฃ200k you are seen as a higher risk and most companies will not insure you for any contents even if they are not covering the art.
its all about risk profile and if you have ยฃ250k worth of art not covered by your home and contents insurer they will defo want to know about it !
I have been with directline select for years and still am for everything except art, it was too much hassle a few years back so i insured the art with hiscox. I also ended up with a new alarm system that cost me a small fortune at directlines insistence.
I agree, you shouldn't need to declare to your house insurer. They won't insure your art past a certain value cยฃ10k and i never had them say they wouldn't insure me because of my art. That's where there interest should end. I used Ultimart for the art insurance. I thought their benefits were better than Hiscox, their market value increase coverage was better too which in the current climate was a key decision for me. The reason why you need to tell your house insurer is because you will find you have not answered the questions truthfully. When you take out a policy and when your art collection goes up in value you need to inform them as per the terms and conditions. If you do not, you are therefore not covered for any insurance. If you have an art collection worth say ยฃ100 or ยฃ200k you are seen as a higher risk and most companies will not insure you for any contents even if they are not covering the art. its all about risk profile and if you have ยฃ250k worth of art not covered by your home and contents insurer they will defo want to know about it ! I have been with directline select for years and still am for everything except art, it was too much hassle a few years back so i insured the art with hiscox. I also ended up with a new alarm system that cost me a small fortune at directlines insistence. |
|
|
|
Art Insurance in the UK, by crashwilliams on Sept 22, 2020 15:17:13 GMT 1, A timely thread, I've literally just chatted with Hiscox - took five mins and I will know my cost in the next twenty-four hours...
My notes form the call - there's no particular requirement for security at home, they don't suggest particular alarm system, nor does it have to be connected to a police/monitor station. The guy said that i'll notice in the terms, that you must take 'reasonable care' - so if you go on holiday/leave the house then you lock up etc (!)
There's also no excess, if stolen or damaged they will pay up (after obviously investigating) - though they will only pay to the value you've insured your item(s) for (so if the prices keep going up ala Banksy) you have to keep them updated - I forgot to ask whether there is a cost attached to this, i'm guessing yes.
For pieces in excess of ยฃ50k then you have to specify what that piece is and what the value of said piece is.
They don't ask you to prove the value now, however if you were to claim then they would would want proof of ownership (COA etc) and proof of value - recent auctions etc being acceptable.
This was really straight forward and I was impressed at how quick it happened - lets see what the cost is.
A timely thread, I've literally just chatted with Hiscox - took five mins and I will know my cost in the next twenty-four hours...
My notes form the call - there's no particular requirement for security at home, they don't suggest particular alarm system, nor does it have to be connected to a police/monitor station. The guy said that i'll notice in the terms, that you must take 'reasonable care' - so if you go on holiday/leave the house then you lock up etc (!)
There's also no excess, if stolen or damaged they will pay up (after obviously investigating) - though they will only pay to the value you've insured your item(s) for (so if the prices keep going up ala Banksy) you have to keep them updated - I forgot to ask whether there is a cost attached to this, i'm guessing yes.
For pieces in excess of ยฃ50k then you have to specify what that piece is and what the value of said piece is.
They don't ask you to prove the value now, however if you were to claim then they would would want proof of ownership (COA etc) and proof of value - recent auctions etc being acceptable.
This was really straight forward and I was impressed at how quick it happened - lets see what the cost is.
|
|
|
|
photoluka
New Member
๐จ๏ธ 7
๐๐ป 3
April 2007
|
Art Insurance in the UK, by photoluka on Sept 22, 2020 15:47:05 GMT 1, The reason why you need to tell your house insurer is because you will find you have not answered the questions truthfully. When you take out a policy and when your art collection goes up in value you need to inform them as per the terms and conditions. If you do not, you are therefore not covered for any insurance. If you have an art collection worth say ยฃ100 or ยฃ200k you are seen as a higher risk and most companies will not insure you for any contents even if they are not covering the art. its all about risk profile and if you have ยฃ250k worth of art not covered by your home and contents insurer they will defo want to know about it ! I have been with directline select for years and still am for everything except art, it was too much hassle a few years back so i insured the art with hiscox. I also ended up with a new alarm system that cost me a small fortune at directlines insistence.
Likewise no requirements from Ultimart for additional security, in fact they cover you if you forget to lock your door!?
The reason why you need to tell your house insurer is because you will find you have not answered the questions truthfully. When you take out a policy and when your art collection goes up in value you need to inform them as per the terms and conditions. If you do not, you are therefore not covered for any insurance. If you have an art collection worth say ยฃ100 or ยฃ200k you are seen as a higher risk and most companies will not insure you for any contents even if they are not covering the art. its all about risk profile and if you have ยฃ250k worth of art not covered by your home and contents insurer they will defo want to know about it ! I have been with directline select for years and still am for everything except art, it was too much hassle a few years back so i insured the art with hiscox. I also ended up with a new alarm system that cost me a small fortune at directlines insistence. That makes sense and point taken, but whenever I've a home insurer and asked do they insure art, and they've said "yes but only up to X value" they've never said "well in that case.. what is the value of x art" and/or "you need to take extra provisions". My terms say you must just answer the questions they ask you accurately which i always have. I've always just been advised they wont cover it and you will need to arrange separate insurance. Likewise no requirements from Ultimart for additional security, in fact they cover you if you forget to lock your door!? |
|
ab3
New Member
๐จ๏ธ 328
๐๐ป 539
December 2017
|
Art Insurance in the UK, by ab3 on Sept 22, 2020 15:57:20 GMT 1, I was a bit worried about this and different insurance companies passing the buck. (We all know that they will do anything they can to get out of paying money out.)
So I asked Brownhill who manage / work with / have some sort of connection with Hiscox Art insurance for a home insurance quote when mine was up in Feb. So that I could get home and art all through one broker, that way if there was an issue they could sort it all out.
They got me a competitive quote from Aviva Home and Life so now my art and home insurance is through one company and they can't say they didn't know about it.
I was a bit worried about this and different insurance companies passing the buck. (We all know that they will do anything they can to get out of paying money out.)
So I asked Brownhill who manage / work with / have some sort of connection with Hiscox Art insurance for a home insurance quote when mine was up in Feb. So that I could get home and art all through one broker, that way if there was an issue they could sort it all out.
They got me a competitive quote from Aviva Home and Life so now my art and home insurance is through one company and they can't say they didn't know about it.
|
|
Larry David
New Member
๐จ๏ธ 835
๐๐ป 1,142
April 2014
|
Art Insurance in the UK, by Larry David on Sept 22, 2020 17:14:45 GMT 1, Just gone through the same process as many others, with all the recent madness Hiscox kindly decided to triple my premium. I tried Brownhills, they wanted my Alarm connected to Police / call centre etc.
I ended up using A plan, a third cheaper than Hiscox with better cover. Only have to list pieces over ยฃ50k.
Only thing they ask for is independent valuations. Just for the record I have nothing to do with A plan, just found them very helpful and happened to offer the best premium / cover.
Just gone through the same process as many others, with all the recent madness Hiscox kindly decided to triple my premium. I tried Brownhills, they wanted my Alarm connected to Police / call centre etc.
I ended up using A plan, a third cheaper than Hiscox with better cover. Only have to list pieces over ยฃ50k.
Only thing they ask for is independent valuations. Just for the record I have nothing to do with A plan, just found them very helpful and happened to offer the best premium / cover.
|
|
londonfx
Junior Member
๐จ๏ธ 1,163
๐๐ป 707
December 2013
|
Art Insurance in the UK, by londonfx on Sept 23, 2020 23:21:18 GMT 1, A timely thread, I've literally just chatted with Hiscox - took five mins and I will know my cost in the next twenty-four hours... My notes form the call - there's no particular requirement for security at home, they don't suggest particular alarm system, nor does it have to be connected to a police/monitor station. The guy said that i'll notice in the terms, that you must take 'reasonable care' - so if you go on holiday/leave the house then you lock up etc (!) There's also no excess, if stolen or damaged they will pay up (after obviously investigating) - though they will only pay to the value you've insured your item(s) for (so if the prices keep going up ala Banksy) you have to keep them updated - I forgot to ask whether there is a cost attached to this, i'm guessing yes. For pieces in excess of ยฃ50k then you have to specify what that piece is and what the value of said piece is. They don't ask you to prove the value now, however if you were to claim then they would would want proof of ownership (COA etc) and proof of value - recent auctions etc being acceptable. This was really straight forward and I was impressed at how quick it happened - lets see what the cost is.
Just done the same. waiting for the quote to come back from the underwriters.
Important to note that they will only pay out for the specific amount you have listed. Thereโs no limited or admin fee for changing the valuations.
Iโve heard of people needing to get monitored alarm systems. Maybe thatโs due to their collection being over a certain value?!
My home insurance is with Halifax. And their happy for hiscox to insure my art separately.
A timely thread, I've literally just chatted with Hiscox - took five mins and I will know my cost in the next twenty-four hours... My notes form the call - there's no particular requirement for security at home, they don't suggest particular alarm system, nor does it have to be connected to a police/monitor station. The guy said that i'll notice in the terms, that you must take 'reasonable care' - so if you go on holiday/leave the house then you lock up etc (!) There's also no excess, if stolen or damaged they will pay up (after obviously investigating) - though they will only pay to the value you've insured your item(s) for (so if the prices keep going up ala Banksy) you have to keep them updated - I forgot to ask whether there is a cost attached to this, i'm guessing yes. For pieces in excess of ยฃ50k then you have to specify what that piece is and what the value of said piece is. They don't ask you to prove the value now, however if you were to claim then they would would want proof of ownership (COA etc) and proof of value - recent auctions etc being acceptable. This was really straight forward and I was impressed at how quick it happened - lets see what the cost is. Just done the same. waiting for the quote to come back from the underwriters. Important to note that they will only pay out for the specific amount you have listed. Thereโs no limited or admin fee for changing the valuations. Iโve heard of people needing to get monitored alarm systems. Maybe thatโs due to their collection being over a certain value?! My home insurance is with Halifax. And their happy for hiscox to insure my art separately. |
|
JAlternatiรณn
Junior Member
๐จ๏ธ 1,269
๐๐ป 965
December 2011
|
Art Insurance in the UK, by JAlternatiรณn on Sept 23, 2020 23:34:32 GMT 1, Have been with Hiscox for a year and just increased my cover significantly for very little difference in premium. Very happy
Have been with Hiscox for a year and just increased my cover significantly for very little difference in premium. Very happy
|
|
robo
Junior Member
๐จ๏ธ 1,582
๐๐ป 1,007
November 2006
|
Art Insurance in the UK, by robo on Sept 24, 2020 7:49:52 GMT 1, Be wary of having 2 insurers and check the small print no matter what people say on the phone. Iโve not found a regular home insurer who will not consider a separately insured art collection or an art collection over a certain value invalidates your policy with them. Itโs because you are considered increased risk.
Also be wary of what might happen when you tell your regular home insurer about your art. A friend called his home insurer to discuss his art and they literally cancelled his policy during the call.
I do have a good art insurance broker Iโve used for several years and can recommend - PM me if of interest.
Be wary of having 2 insurers and check the small print no matter what people say on the phone. Iโve not found a regular home insurer who will not consider a separately insured art collection or an art collection over a certain value invalidates your policy with them. Itโs because you are considered increased risk.
Also be wary of what might happen when you tell your regular home insurer about your art. A friend called his home insurer to discuss his art and they literally cancelled his policy during the call.
I do have a good art insurance broker Iโve used for several years and can recommend - PM me if of interest.
|
|
disturbart
New Member
๐จ๏ธ 753
๐๐ป 302
September 2014
|
Art Insurance in the UK, by disturbart on Sept 24, 2020 8:16:48 GMT 1, Be wary of having 2 insurers and check the small print no matter what people say on the phone. Iโve not found a regular home insurer who will not consider a separately insured art collection or an art collection over a certain value invalidates your policy with them. Itโs because you are considered increased risk. Also be wary of what might happen when you tell your regular home insurer about your art. A friend called his home insurer to discuss his art and they literally cancelled his policy during the call. I do have a good art insurance broker Iโve used for several years and can recommend - PM me if of interest.
Be wary of having 2 insurers and check the small print no matter what people say on the phone. Iโve not found a regular home insurer who will not consider a separately insured art collection or an art collection over a certain value invalidates your policy with them. Itโs because you are considered increased risk. Also be wary of what might happen when you tell your regular home insurer about your art. A friend called his home insurer to discuss his art and they literally cancelled his policy during the call. I do have a good art insurance broker Iโve used for several years and can recommend - PM me if of interest. Agree with all of the above. I phoned my insurer and they said I had a week to find a new provider and my insurance would not be valid after 7 days. As with the above poster, I have not been able to find a company that will insure your home and exclude your art collection once its above a certain value. Just insuring your art with Hiscox or a n other does not work Im afraid so beware!!!! |
|
Mass
New Member
๐จ๏ธ 163
๐๐ป 147
June 2020
|
Art Insurance in the UK, by Mass on Oct 18, 2020 8:15:10 GMT 1, With the recent increases to LIITA in particular Iโve now had to change insurer, having gone above the limit on the existing policy. The new insurer is insisting on monitored alarm.
With the recent increases to LIITA in particular Iโve now had to change insurer, having gone above the limit on the existing policy. The new insurer is insisting on monitored alarm.
|
|
