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Art Insurance in the UK, by crashwilliams on Oct 19, 2020 14:12:57 GMT 1, I need to update insurance and direct line select have just told me that I will need to have a monitored alarm too. Is this not a requirement for hiscox and others (for 200k plus)? May be time to shop around. 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.
Sorry, I've only just seen this.
Not my experience, I believe the cut off is above ยฃ250k.
I need to update insurance and direct line select have just told me that I will need to have a monitored alarm too. Is this not a requirement for hiscox and others (for 200k plus)? May be time to shop around. 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. Sorry, I've only just seen this. Not my experience, I believe the cut off is above ยฃ250k. |
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Fะฏ
Full Member
๐จ๏ธ 8,264
๐๐ป 9,252
May 2013
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Art Insurance in the UK, by Fะฏ on Oct 19, 2020 14:16:02 GMT 1, I need to update insurance and direct line select have just told me that I will need to have a monitored alarm too. Is this not a requirement for hiscox and others (for 200k plus)? May be time to shop around. Sorry, I've only just seen this. Not my experience, I believe the cut off is above ยฃ250k.
Collections insurance with hiscox is having to declare anything over 50k
A monitored alarm sounds extreme.
they then move you to fine art insurance for anything higher.
I need to update insurance and direct line select have just told me that I will need to have a monitored alarm too. Is this not a requirement for hiscox and others (for 200k plus)? May be time to shop around. Sorry, I've only just seen this. Not my experience, I believe the cut off is above ยฃ250k. Collections insurance with hiscox is having to declare anything over 50k A monitored alarm sounds extreme. they then move you to fine art insurance for anything higher. |
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Eton Groover
New Member
๐จ๏ธ 975
๐๐ป 1,031
February 2008
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Art Insurance in the UK, by Eton Groover on Oct 19, 2020 14:18:25 GMT 1, Mo' money. mo' problems 
Mo' money. mo' problems |
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jakecskis
New Member
๐จ๏ธ 65
๐๐ป 119
September 2020
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Art Insurance in the UK, by jakecskis on Oct 21, 2020 15:36:13 GMT 1, Hi all, I have seen many discussions about insurance of prints / paintings. I am still quite new here and I am wondering the following, when is it suitable to start insuring a collection? Is it possible to insure a complete collection or shall it be bone by print? Any recommended companies operating in France? An estimate of a yearly cost? I donโt own anything with high value, main elements I own: Banksy Welcome Mat Banksy Box Set Shepard Fairey ยซย We the people protect each otherย ยป large format AP Shepard Fairey ยซย We the people defend dignityย ยป 30 years edition Shepard Fairey X Vhils ยซย Universal Personhoodย ยป /150 & the last one printed in IDEM Paris. Vhils X Hennessy Special Edition (box /100) SEEN multitag Ernesto Yerena HPM JR ยซย Ballerina jumping in containersย ยป /250 Vhils (multiple editions Core / wood elements from the edition done with configurable art etc.) Few prints from Cleon Peterson, EELUS, SETH, Kai & Sunny & Shepard Fairey. Thanks in advance for your answers and opinion. Ugo
My PAP covers the collection as a whole as well as individually. Iโve insured it for current market value based on recent auction sales. Up to 250K USD in the event of total loss. $50/month. I did not shop around so not sure if this is a competitive rate?
Hi all, I have seen many discussions about insurance of prints / paintings. I am still quite new here and I am wondering the following, when is it suitable to start insuring a collection? Is it possible to insure a complete collection or shall it be bone by print? Any recommended companies operating in France? An estimate of a yearly cost? I donโt own anything with high value, main elements I own: Banksy Welcome Mat Banksy Box Set Shepard Fairey ยซย We the people protect each otherย ยป large format AP Shepard Fairey ยซย We the people defend dignityย ยป 30 years edition Shepard Fairey X Vhils ยซย Universal Personhoodย ยป /150 & the last one printed in IDEM Paris. Vhils X Hennessy Special Edition (box /100) SEEN multitag Ernesto Yerena HPM JR ยซย Ballerina jumping in containersย ยป /250 Vhils (multiple editions Core / wood elements from the edition done with configurable art etc.) Few prints from Cleon Peterson, EELUS, SETH, Kai & Sunny & Shepard Fairey. Thanks in advance for your answers and opinion. Ugo My PAP covers the collection as a whole as well as individually. Iโve insured it for current market value based on recent auction sales. Up to 250K USD in the event of total loss. $50/month. I did not shop around so not sure if this is a competitive rate? |
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charliec2701
New Member
๐จ๏ธ 513
๐๐ป 493
September 2014
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Art Insurance in the UK, by charliec2701 on Oct 21, 2020 15:47:30 GMT 1, Hi all, I have seen many discussions about insurance of prints / paintings. I am still quite new here and I am wondering the following, when is it suitable to start insuring a collection? Is it possible to insure a complete collection or shall it be bone by print? Any recommended companies operating in France? An estimate of a yearly cost? I donโt own anything with high value, main elements I own: Banksy Welcome Mat Banksy Box Set Shepard Fairey ยซย We the people protect each otherย ยป large format AP Shepard Fairey ยซย We the people defend dignityย ยป 30 years edition Shepard Fairey X Vhils ยซย Universal Personhoodย ยป /150 & the last one printed in IDEM Paris. Vhils X Hennessy Special Edition (box /100) SEEN multitag Ernesto Yerena HPM JR ยซย Ballerina jumping in containersย ยป /250 Vhils (multiple editions Core / wood elements from the edition done with configurable art etc.) Few prints from Cleon Peterson, EELUS, SETH, Kai & Sunny & Shepard Fairey. Thanks in advance for your answers and opinion. Ugo My PAP covers the collection as a whole as well as individually. Iโve insured it for current market value based on recent auction sales. Up to 250K USD in the event of total loss. $50/month. I did not shop around so not sure if this is a competitive rate?
With high value items generally considered to be ยฃ1500-5000+ you need to specify the individual item.
My insurance covers specific named pieces, itemised jewellery, itemised furniture plus a sensible general amount for the rest of the house to replace in the event of total loss.
Be careful that your insurance covers high value items in full as $50 pm seems rather low in comparison to my policy?
Hope this helps buddy 
Hi all, I have seen many discussions about insurance of prints / paintings. I am still quite new here and I am wondering the following, when is it suitable to start insuring a collection? Is it possible to insure a complete collection or shall it be bone by print? Any recommended companies operating in France? An estimate of a yearly cost? I donโt own anything with high value, main elements I own: Banksy Welcome Mat Banksy Box Set Shepard Fairey ยซย We the people protect each otherย ยป large format AP Shepard Fairey ยซย We the people defend dignityย ยป 30 years edition Shepard Fairey X Vhils ยซย Universal Personhoodย ยป /150 & the last one printed in IDEM Paris. Vhils X Hennessy Special Edition (box /100) SEEN multitag Ernesto Yerena HPM JR ยซย Ballerina jumping in containersย ยป /250 Vhils (multiple editions Core / wood elements from the edition done with configurable art etc.) Few prints from Cleon Peterson, EELUS, SETH, Kai & Sunny & Shepard Fairey. Thanks in advance for your answers and opinion. Ugo My PAP covers the collection as a whole as well as individually. Iโve insured it for current market value based on recent auction sales. Up to 250K USD in the event of total loss. $50/month. I did not shop around so not sure if this is a competitive rate? With high value items generally considered to be ยฃ1500-5000+ you need to specify the individual item. My insurance covers specific named pieces, itemised jewellery, itemised furniture plus a sensible general amount for the rest of the house to replace in the event of total loss. Be careful that your insurance covers high value items in full as $50 pm seems rather low in comparison to my policy? Hope this helps buddy |
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jakecskis
New Member
๐จ๏ธ 65
๐๐ป 119
September 2020
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Art Insurance in the UK, by jakecskis on Oct 21, 2020 16:44:41 GMT 1, My PAP covers the collection as a whole as well as individually. Iโve insured it for current market value based on recent auction sales. Up to 250K USD in the event of total loss. $50/month. I did not shop around so not sure if this is a competitive rate? With high value items generally considered to be ยฃ1500-5000+ you need to specify the individual item. My insurance covers specific named pieces, itemised jewellery, itemised furniture plus a sensible general amount for the rest of the house to replace in the event of total loss. Be careful that your insurance covers high value items in full as $50 pm seems rather low in comparison to my policy? Hope this helps buddy
My PAP covers the collection as a whole as well as individually. Iโve insured it for current market value based on recent auction sales. Up to 250K USD in the event of total loss. $50/month. I did not shop around so not sure if this is a competitive rate? With high value items generally considered to be ยฃ1500-5000+ you need to specify the individual item. My insurance covers specific named pieces, itemised jewellery, itemised furniture plus a sensible general amount for the rest of the house to replace in the event of total loss. Be careful that your insurance covers high value items in full as $50 pm seems rather low in comparison to my policy? Hope this helps buddy $50 pm is only for the art. Other personal items, jewelry, furnishings etc are on a separate policy. |
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Art Insurance in the UK, by John The Badgers on Oct 21, 2020 18:43:48 GMT 1, Hi Ugo,
My contribution, but I would certainly see what your existing home insurance covers? Or perhaps see what other options other 'conventional' policies offer?
I went through this recently, always found my existing standard house contents adequate, they are quite broad on items like prints etc.
May be worth adding up the total value you have there, and seeing if there are any upper limits on individual items your insurer specifies.
From memory, I was good for up to circa 10K, and if individual items over 15K, I had to specify.
If this the case, then you perhaps need to look at separate policies as this perhaps the most cost effective route.
All the best.
Hi Ugo,
My contribution, but I would certainly see what your existing home insurance covers? Or perhaps see what other options other 'conventional' policies offer?
I went through this recently, always found my existing standard house contents adequate, they are quite broad on items like prints etc.
May be worth adding up the total value you have there, and seeing if there are any upper limits on individual items your insurer specifies.
From memory, I was good for up to circa 10K, and if individual items over 15K, I had to specify.
If this the case, then you perhaps need to look at separate policies as this perhaps the most cost effective route.
All the best.
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Art Insurance in the UK, by Brittany's Urban on Oct 24, 2020 13:58:29 GMT 1, Thanks for your answers!
I had never been thinking about taking a separate insurance for my collection but I saw many talks in here and I wondered.
Thanks for your information, I will check with my insurance of my apartment and will reconsider if some items in my collection get major increase in value.
Ugo
Thanks for your answers!
I had never been thinking about taking a separate insurance for my collection but I saw many talks in here and I wondered.
Thanks for your information, I will check with my insurance of my apartment and will reconsider if some items in my collection get major increase in value.
Ugo
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aki
New Member
๐จ๏ธ 565
๐๐ป 356
June 2017
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Art Insurance in the UK, by aki on Nov 8, 2020 9:43:01 GMT 1, Iโve been speaking to both my insurers, home and art, home insurance arenโt bothered about ยฃ300000 of Banksy stuff on a separate policy as they are not the ones paying out if something happens.
Iโve been speaking to both my insurers, home and art, home insurance arenโt bothered about ยฃ300000 of Banksy stuff on a separate policy as they are not the ones paying out if something happens.
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Octopus UK
New Member
๐จ๏ธ 881
๐๐ป 196
February 2007
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Art Insurance in the UK, by Octopus UK on Nov 8, 2020 11:38:05 GMT 1, Iโve been speaking to both my insurers, home and art, home insurance arenโt bothered about ยฃ300000 of Banksy stuff on a separate policy as they are not the ones paying out if something happens.
Iโve been speaking to both my insurers, home and art, home insurance arenโt bothered about ยฃ300000 of Banksy stuff on a separate policy as they are not the ones paying out if something happens. It would be good to know who these insurers are if you feel able to let us know ... |
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aki
New Member
๐จ๏ธ 565
๐๐ป 356
June 2017
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Art Insurance in the UK, by aki on Nov 8, 2020 11:40:28 GMT 1, Iโve been speaking to both my insurers, home and art, home insurance arenโt bothered about ยฃ300000 of Banksy stuff on a separate policy as they are not the ones paying out if something happens. It would be good to know who these insurers are if you feel able to let us know ...
Lloyds home Hiscox art.
Iโve been speaking to both my insurers, home and art, home insurance arenโt bothered about ยฃ300000 of Banksy stuff on a separate policy as they are not the ones paying out if something happens. It would be good to know who these insurers are if you feel able to let us know ... Lloyds home Hiscox art. |
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reg
New Member
๐จ๏ธ 339
๐๐ป 499
October 2007
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Art Insurance in the UK, by reg on Dec 6, 2020 13:01:18 GMT 1, FYI for those still looking.
London based. Time to renew.
Tried my best with Hiscox. Four day wait, just for a quote. Went to Brownhills and done in minutes. No alarm required, no valuations, just a quote and pay.
loveartinsurance.co.uk
FYI for those still looking.
London based. Time to renew.
Tried my best with Hiscox. Four day wait, just for a quote. Went to Brownhills and done in minutes. No alarm required, no valuations, just a quote and pay.
loveartinsurance.co.uk
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themenya6
New Member
๐จ๏ธ 137
๐๐ป 106
June 2020
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Art Insurance in the UK, by themenya6 on Dec 6, 2020 13:15:38 GMT 1, FYI for those still looking. London based. Time to renew. Tried my best with Hiscox. Four day wait, just for a quote. Went to Brownhills and done in minutes. No alarm required, no valuations, just a quote and pay. loveartinsurance.co.uk
Exactly the same however 6 days and counting. Must be time of the year
FYI for those still looking. London based. Time to renew. Tried my best with Hiscox. Four day wait, just for a quote. Went to Brownhills and done in minutes. No alarm required, no valuations, just a quote and pay. loveartinsurance.co.uk Exactly the same however 6 days and counting. Must be time of the year |
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lee100
New Member
๐จ๏ธ 233
๐๐ป 114
April 2007
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Art Insurance in the UK, by lee100 on Dec 9, 2020 10:30:09 GMT 1, I have a renewal due with brownhills and with the recent price rises they want valuations for the art. Any one have any ideas where to get this done or how much it costs? They are suggesting CoramJames but they seem to want to do a house visit to value art
I have a renewal due with brownhills and with the recent price rises they want valuations for the art. Any one have any ideas where to get this done or how much it costs? They are suggesting CoramJames but they seem to want to do a house visit to value art
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Pootle
New Member
๐จ๏ธ 130
๐๐ป 55
September 2007
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Art Insurance in the UK, by Pootle on Dec 9, 2020 11:02:48 GMT 1, I have a renewal due with brownhills and with the recent price rises they want valuations for the art. Any one have any ideas where to get this done or how much it costs? They are suggesting CoramJames but they seem to want to do a house visit to value art
I had to use Coram James for Banksy valuations, as requested by my insurer.
The valuation was a few hundred pounds per work if I remember correctly and I felt the initial valuation wasn't appropriate, but once I provided some benchmark data - they were happy to adjust.
If using a valuer - make sure you do your diligence as they are usually not that knowledgeable on individual artists
I have a renewal due with brownhills and with the recent price rises they want valuations for the art. Any one have any ideas where to get this done or how much it costs? They are suggesting CoramJames but they seem to want to do a house visit to value art I had to use Coram James for Banksy valuations, as requested by my insurer. The valuation was a few hundred pounds per work if I remember correctly and I felt the initial valuation wasn't appropriate, but once I provided some benchmark data - they were happy to adjust. If using a valuer - make sure you do your diligence as they are usually not that knowledgeable on individual artists |
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Art Insurance in the UK, by stillborncrisps on Dec 9, 2020 12:23:43 GMT 1, My home contents insurer (More Than) said they were OK with art being insured by a seperate insurer, and I got them to put that in writing, acknowledging the value too.
Brownhill (as I understand it) use the Hiscox policy, but are cheaper for some reason. I got a quote with both, and the terms seemed identical, so I went with Brownhill. The policy documents I received name Hiscox as the insurer.
My home contents insurer (More Than) said they were OK with art being insured by a seperate insurer, and I got them to put that in writing, acknowledging the value too.
Brownhill (as I understand it) use the Hiscox policy, but are cheaper for some reason. I got a quote with both, and the terms seemed identical, so I went with Brownhill. The policy documents I received name Hiscox as the insurer.
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Mass
New Member
๐จ๏ธ 163
๐๐ป 147
June 2020
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Art Insurance in the UK, by Mass on Dec 9, 2020 17:18:58 GMT 1, Iโm having real issues with my renewal following the increase where my LIITA is now 150k us. Insurer asking for grade 3 monitored alarm 2k premium or, company not demanding monitored want 4K grade 2 (grade 2 is already installed)
Iโm having real issues with my renewal following the increase where my LIITA is now 150k us. Insurer asking for grade 3 monitored alarm 2k premium or, company not demanding monitored want 4K grade 2 (grade 2 is already installed)
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Deleted
๐จ๏ธ 0
๐๐ป
January 1970
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Art Insurance in the UK, by Deleted on Dec 9, 2020 17:31:05 GMT 1, Try Highworths insurance.
Try Highworths insurance.
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lee100
New Member
๐จ๏ธ 233
๐๐ป 114
April 2007
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Art Insurance in the UK, by lee100 on Dec 9, 2020 18:40:41 GMT 1, I have a renewal due with brownhills and with the recent price rises they want valuations for the art. Any one have any ideas where to get this done or how much it costs? They are suggesting CoramJames but they seem to want to do a house visit to value art I had to use Coram James for Banksy valuations,ย as requested by my insurer. The valuation was a few hundred pounds per work if I remember correctly and I felt the initial valuation wasn't appropriate,ย but once I provided some benchmark data - they were happy to adjust. If using a valuer - make sure you do your diligence as they are usually not that knowledgeable on individual artists
With the prices changing all the time a valuation seems like the valuation will be useless in a few weeks !
I have a renewal due with brownhills and with the recent price rises they want valuations for the art. Any one have any ideas where to get this done or how much it costs? They are suggesting CoramJames but they seem to want to do a house visit to value art I had to use Coram James for Banksy valuations,ย as requested by my insurer. The valuation was a few hundred pounds per work if I remember correctly and I felt the initial valuation wasn't appropriate,ย but once I provided some benchmark data - they were happy to adjust. If using a valuer - make sure you do your diligence as they are usually not that knowledgeable on individual artists With the prices changing all the time a valuation seems like the valuation will be useless in a few weeks ! |
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Art Insurance in the UK, by Johnny Sarcasm on Dec 9, 2020 19:13:47 GMT 1, I had to use Coram James for Banksy valuations,ย as requested by my insurer. The valuation was a few hundred pounds per work if I remember correctly and I felt the initial valuation wasn't appropriate,ย but once I provided some benchmark data - they were happy to adjust. If using a valuer - make sure you do your diligence as they are usually not that knowledgeable on individual artists With the prices changing all the time a valuation seems like the valuation will be useless in a few weeks !
Coram James are great and they can do a desktop valuation if you send the appropriate pics (they will tell you what they need). Not expensive to do and the valuation stands for 3 years, plus, importantly, allows for a 50% increase in the artwork, ie you ensure for 100 and if it gets stolen and at that time is worth 150, you get 150. That said, if value goes above 150 youโll need a new valuation. Itโs ยฃ50ish per print so well worth the money for peace of mind IMHO.
I had to use Coram James for Banksy valuations,ย as requested by my insurer. The valuation was a few hundred pounds per work if I remember correctly and I felt the initial valuation wasn't appropriate,ย but once I provided some benchmark data - they were happy to adjust. If using a valuer - make sure you do your diligence as they are usually not that knowledgeable on individual artists With the prices changing all the time a valuation seems like the valuation will be useless in a few weeks ! Coram James are great and they can do a desktop valuation if you send the appropriate pics (they will tell you what they need). Not expensive to do and the valuation stands for 3 years, plus, importantly, allows for a 50% increase in the artwork, ie you ensure for 100 and if it gets stolen and at that time is worth 150, you get 150. That said, if value goes above 150 youโll need a new valuation. Itโs ยฃ50ish per print so well worth the money for peace of mind IMHO. |
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lee100
New Member
๐จ๏ธ 233
๐๐ป 114
April 2007
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Art Insurance in the UK, by lee100 on Dec 10, 2020 8:59:46 GMT 1, That sounds good, will speak to them. Thanks!
That sounds good, will speak to them. Thanks!
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artmonster
New Member
๐จ๏ธ 311
๐๐ป 270
January 2014
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Art Insurance in the UK, by artmonster on Dec 10, 2020 13:34:18 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.
Same here
Always worked
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. Same here Always worked |
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JW
New Member
๐จ๏ธ 930
๐๐ป 1,402
February 2011
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Art Insurance in the UK, by JW on Jan 14, 2021 15:50:42 GMT 1, Coram James are great and they can do a desktop valuation if you send the appropriate pics (they will tell you what they need). Not expensive to do and the valuation stands for 3 years, plus, importantly, allows for a 50% increase in the artwork, ie you ensure for 100 and if it gets stolen and at that time is worth 150, you get 150. That said, if value goes above 150 youโll need a new valuation. Itโs ยฃ50ish per print so well worth the money for peace of mind IMHO.
Another thumbs up for Coram James. I just had a desktop review done and it was as simple as emailing them photos of the prints with sigs/numbers/COAs. Really smooth.
The price I paid was much cheaper than Hang Up's ยฃ100 per print.
Coram James are great and they can do a desktop valuation if you send the appropriate pics (they will tell you what they need). Not expensive to do and the valuation stands for 3 years, plus, importantly, allows for a 50% increase in the artwork, ie you ensure for 100 and if it gets stolen and at that time is worth 150, you get 150. That said, if value goes above 150 youโll need a new valuation. Itโs ยฃ50ish per print so well worth the money for peace of mind IMHO. Another thumbs up for Coram James. I just had a desktop review done and it was as simple as emailing them photos of the prints with sigs/numbers/COAs. Really smooth. The price I paid was much cheaper than Hang Up's ยฃ100 per print. |
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LJCal
Junior Member
๐จ๏ธ 2,980
๐๐ป 4,523
December 2019
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Art Insurance in the UK, by LJCal on Jan 14, 2021 20:34:55 GMT 1, I use Hiscox for ยฃ200k general lower value items and then Ulimart for higher value named items, Ultimart have given me ยฃ400k with a grade 2 alarm. Highly recommend Ultimart. My contents are separate and they have no issue with the art collection other than they require me to insure separately.
I use Hiscox for ยฃ200k general lower value items and then Ulimart for higher value named items, Ultimart have given me ยฃ400k with a grade 2 alarm. Highly recommend Ultimart. My contents are separate and they have no issue with the art collection other than they require me to insure separately.
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reg
New Member
๐จ๏ธ 339
๐๐ป 499
October 2007
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Art Insurance in the UK, by reg on Feb 7, 2021 10:49:25 GMT 1, Anybody else in the UK had their regular home insurance declined recently?
My art is insured separately but my regular home insurer has now turned me down. Obviously they will keep this on file and I will have to mention this to other companies in the event of a claim.
Anyone else had this trouble?
Anybody else in the UK had their regular home insurance declined recently?
My art is insured separately but my regular home insurer has now turned me down. Obviously they will keep this on file and I will have to mention this to other companies in the event of a claim.
Anyone else had this trouble?
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Art Insurance in the UK, by Happy Shopper on Feb 7, 2021 11:20:23 GMT 1, Anybody else in the UK had their regular home insurance declined recently? My art is insured separately but my regular home insurer has now turned me down. Obviously they will keep this on file and I will have to mention this to other companies in the event of a claim. Anyone else had this trouble?
Yep. Had to change insurance company for general contents as they considered my home a greater risk.
Anybody else in the UK had their regular home insurance declined recently? My art is insured separately but my regular home insurer has now turned me down. Obviously they will keep this on file and I will have to mention this to other companies in the event of a claim. Anyone else had this trouble? Yep. Had to change insurance company for general contents as they considered my home a greater risk. |
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reg
New Member
๐จ๏ธ 339
๐๐ป 499
October 2007
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Art Insurance in the UK, by reg on Feb 7, 2021 12:07:23 GMT 1, Anybody else in the UK had their regular home insurance declined recently? My art is insured separately but my regular home insurer has now turned me down. Obviously they will keep this on file and I will have to mention this to other companies in the event of a claim. Anyone else had this trouble? Yep. Had to change insurance company for general contents as they considered my home a greater risk.
Thanks. Don't mind changing companies and have separate insurance for the art but regardless of who pays out for a claim, it seems that if the risk is higher then premiums will go up for the home contents too?
Anybody else in the UK had their regular home insurance declined recently? My art is insured separately but my regular home insurer has now turned me down. Obviously they will keep this on file and I will have to mention this to other companies in the event of a claim. Anyone else had this trouble? Yep. Had to change insurance company for general contents as they considered my home a greater risk. Thanks. Don't mind changing companies and have separate insurance for the art but regardless of who pays out for a claim, it seems that if the risk is higher then premiums will go up for the home contents too? |
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Graham H
Junior Member
๐จ๏ธ 2,304
๐๐ป 2,417
November 2012
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Art Insurance in the UK, by Graham H on Feb 17, 2021 14:40:44 GMT 1, Just wondering if its a good idea to post up on an open forum a big list of contents of your collection?
Just saying.
Just wondering if its a good idea to post up on an open forum a big list of contents of your collection?
Just saying.
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Art Insurance in the UK, by Brittany's Urban on Feb 17, 2021 15:13:53 GMT 1, Just wondering if its a good idea to post up on an open forum a big list of contents of your collection? Just saying.
Just wondering if its a good idea to post up on an open forum a big list of contents of your collection? Just saying. Thanks for your advice, I might be a bit naive! |
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mcgill14
Junior Member
๐จ๏ธ 2,507
๐๐ป 4,515
January 2017
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Art Insurance in the UK, by mcgill14 on Feb 26, 2021 17:11:02 GMT 1, My current home insurer is being a bit of a knob regards insuring a piece of art work due to it's value. Can anyone recommend an insurance company who will do the job.
Thanks
Steve
My current home insurer is being a bit of a knob regards insuring a piece of art work due to it's value. Can anyone recommend an insurance company who will do the job.
Thanks
Steve
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