loulou64
New Member
🗨️ 44
👍🏻 0
August 2006
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Advice on insurance anyone???, by loulou64 on Aug 7, 2008 11:27:23 GMT 1, Can anyone recommend any insurace products aimed at covering a personal art collection. I am starting to think that my basic home/contents might not be adequate.
Cheers
Can anyone recommend any insurace products aimed at covering a personal art collection. I am starting to think that my basic home/contents might not be adequate.
Cheers
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Advice on insurance anyone???, by doublehelix on Aug 7, 2008 11:29:05 GMT 1, www.taoi.co.uk/
Sorted mine out, great service. Member on here as well.
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Advice on insurance anyone???, by dmandpenfold on Aug 7, 2008 11:31:27 GMT 1, Hiscox, they do it under your contents insurance, nice and easy or seperately, I think they are one of the companies TAOI use too.
Hiscox, they do it under your contents insurance, nice and easy or seperately, I think they are one of the companies TAOI use too.
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Advice on insurance anyone???, by curiousgeorge on Aug 7, 2008 12:01:50 GMT 1, TAIO without a shadow of doubt!!!
TAIO without a shadow of doubt!!!
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thesewalls
New Member
🗨️ 653
👍🏻 184
September 2007
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Advice on insurance anyone???, by thesewalls on Aug 7, 2008 12:55:31 GMT 1, any advice on brokers in the US?
THANKS
any advice on brokers in the US?
THANKS
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tommyp
New Member
🗨️ 53
👍🏻 0
June 2008
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Advice on insurance anyone???, by tommyp on Aug 7, 2008 13:06:04 GMT 1, TAIO without a shadow of doubt!!!
Just spoke to them, very helpful and good to deal with...
TAIO without a shadow of doubt!!! Just spoke to them, very helpful and good to deal with... |
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TAOI
New Member
🗨️ 26
👍🏻 0
April 2008
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Advice on insurance anyone???, by TAOI on Aug 7, 2008 13:41:03 GMT 1, Hi all, thanks for the kind words, we try our best  Many people phone just with questions about their insurance who have no intention of taking out a policy at the moment - that's fine! It's always good to hear from fellow art collectors and help where possible. Contact us on 02380 222410, keith@taoi.co.uk or via pm'ing me.
Hi all, thanks for the kind words, we try our best Many people phone just with questions about their insurance who have no intention of taking out a policy at the moment - that's fine! It's always good to hear from fellow art collectors and help where possible. Contact us on 02380 222410, keith@taoi.co.uk or via pm'ing me. |
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lee3
New Member
🗨️ 832
👍🏻 1,290
November 2009
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Advice on insurance anyone???, by lee3 on Aug 7, 2008 16:37:25 GMT 1, any advice on brokers in the US? THANKS
I use Chubb in CA and they have no questions asked coverage. No appraisal needed until the piece is worth more than $100k and no need to keep getting appraisals in a bull market as they insure scheduled art at 150% of it's scheduled value giving you some room for appreciation. Your're covered in transit (so no need to buy insurace thru fed ex or when moving between homes) and the framers too. The cost is 21 cents per thousand which works out to be $210 per year per million of scheduled art. One of the least expensive assets to insure when compared with a home or auto (nor are you paying annual taxes on art either like the other two).
any advice on brokers in the US? THANKS I use Chubb in CA and they have no questions asked coverage. No appraisal needed until the piece is worth more than $100k and no need to keep getting appraisals in a bull market as they insure scheduled art at 150% of it's scheduled value giving you some room for appreciation. Your're covered in transit (so no need to buy insurace thru fed ex or when moving between homes) and the framers too. The cost is 21 cents per thousand which works out to be $210 per year per million of scheduled art. One of the least expensive assets to insure when compared with a home or auto (nor are you paying annual taxes on art either like the other two). |
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thesewalls
New Member
🗨️ 653
👍🏻 184
September 2007
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Advice on insurance anyone???, by thesewalls on Aug 7, 2008 19:42:47 GMT 1, lee3 coming through once again. YOU are the asset my friend. "per year per million" was my favorite part, great breakdown.
lee3 coming through once again. YOU are the asset my friend. "per year per million" was my favorite part, great breakdown.
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maadbeats
Junior Member
🗨️ 2,272
👍🏻 19
September 2007
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Advice on insurance anyone???, by maadbeats on Aug 7, 2008 20:31:14 GMT 1, any advice on brokers in the US? THANKS I use Chubb in CA and they have no questions asked coverage. No appraisal needed until the piece is worth more than $100k and no need to keep getting appraisals in a bull market as they insure scheduled art at 150% of it's scheduled value giving you some room for appreciation. Your're covered in transit (so no need to buy insurace thru fed ex or when moving between homes) and the framers too. The cost is 21 cents per thousand which works out to be $210 per year per million of scheduled art. One of the least expensive assets to insure when compared with a home or auto (nor are you paying annual taxes on art either like the other two).
Does Chubb handle jewelery like engagement rigns and watches also?? Trying to lump all my fancy goods together
any advice on brokers in the US? THANKS I use Chubb in CA and they have no questions asked coverage. No appraisal needed until the piece is worth more than $100k and no need to keep getting appraisals in a bull market as they insure scheduled art at 150% of it's scheduled value giving you some room for appreciation. Your're covered in transit (so no need to buy insurace thru fed ex or when moving between homes) and the framers too. The cost is 21 cents per thousand which works out to be $210 per year per million of scheduled art. One of the least expensive assets to insure when compared with a home or auto (nor are you paying annual taxes on art either like the other two). Does Chubb handle jewelery like engagement rigns and watches also?? Trying to lump all my fancy goods together |
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rcab11
New Member
🗨️ 356
👍🏻 0
April 2008
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Advice on insurance anyone???, by rcab11 on Aug 7, 2008 20:32:06 GMT 1, Very good to know, Lee3! Thanks for the valuable information.
Very good to know, Lee3! Thanks for the valuable information. |
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lee3
New Member
🗨️ 832
👍🏻 1,290
November 2009
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Advice on insurance anyone???, by lee3 on Aug 7, 2008 20:36:50 GMT 1, >>Does Chubb handle jewelery like engagement rigns and watches also?? Trying to lump all my fancy goods together<<<
yes, it's called scheduled items. So, you have your blanket renters or homeowners insurance policy (plus any riders like earth quake insurance for CA residents) and then on top of that policy you schedule (list) any items of valuable art, jewelry, or anything else so that if you have a fire you get the value of your scheduled items plus the value of your policy remitted to you in a total loss. I would advise speaking to an insurance agent if you want to get more speficic information.
>>Does Chubb handle jewelery like engagement rigns and watches also?? Trying to lump all my fancy goods together<<<
yes, it's called scheduled items. So, you have your blanket renters or homeowners insurance policy (plus any riders like earth quake insurance for CA residents) and then on top of that policy you schedule (list) any items of valuable art, jewelry, or anything else so that if you have a fire you get the value of your scheduled items plus the value of your policy remitted to you in a total loss. I would advise speaking to an insurance agent if you want to get more speficic information.
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maadbeats
Junior Member
🗨️ 2,272
👍🏻 19
September 2007
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Advice on insurance anyone???, by maadbeats on Aug 7, 2008 20:49:16 GMT 1, found one a few miles from my home.s**t hopefully I can get a better quote on my house while Im at it
found one a few miles from my home.s**t hopefully I can get a better quote on my house while Im at it
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Advice on insurance anyone???, by sonofwezzley on Aug 7, 2008 22:03:33 GMT 1, $210 per $1m? wow..here in uk works out at $3000 per $1m
$210 per $1m? wow..here in uk works out at $3000 per $1m
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lee3
New Member
🗨️ 832
👍🏻 1,290
November 2009
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Advice on insurance anyone???, by lee3 on Aug 7, 2008 22:19:06 GMT 1, >>>$210 per $1m? wow..here in uk works out at $3000 per $1m <<<
mind you this is layered on a homeowner's/renters policy. I would expect an art only insurance policy to be significantly higher for obvious reasons.
>>>$210 per $1m? wow..here in uk works out at $3000 per $1m <<<
mind you this is layered on a homeowner's/renters policy. I would expect an art only insurance policy to be significantly higher for obvious reasons.
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funster
Junior Member
🗨️ 2,256
👍🏻 0
October 2006
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Advice on insurance anyone???, by funster on Aug 7, 2008 22:28:23 GMT 1, Lee3, your info is very good and Chubb are a very good company, especially Stateside where Hiscox can't really trade due to international complications.
Lee3, your info is very good and Chubb are a very good company, especially Stateside where Hiscox can't really trade due to international complications.
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Advice on insurance anyone???, by dmandpenfold on Aug 7, 2008 22:47:48 GMT 1, >>>$210 per $1m? wow..here in uk works out at $3000 per $1m <<< mind you this is layered on a homeowner's/renters policy. I would expect an art only insurance policy to be significantly higher for obvious reasons.
Still more expensive here, mines with home contents policy comes to about $2,000 per $1 million and that's a good deal
>>>$210 per $1m? wow..here in uk works out at $3000 per $1m <<< mind you this is layered on a homeowner's/renters policy. I would expect an art only insurance policy to be significantly higher for obvious reasons. Still more expensive here, mines with home contents policy comes to about $2,000 per $1 million and that's a good deal |
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Many people phone just with questions about their insurance who have no intention of taking out a policy at the moment - that's fine! It's always good to hear from fellow art collectors and help where possible. Contact us on 02380 222410, keith@taoi.co.uk or via pm'ing me.
