There’s a story behind your treasures
Collections carry history. Beyond the provenance of individual pieces, the items you acquire over a lifetime represent unique experiences, achievements, and relationships. Entrust their protection to those who will appreciate their intrinsic value as well as the financial worth.
Whether insuring a few special items or a carefully curated collection, you’ll also want access to a diverse depth of knowledge. There’s a risk management expert for just about every collecting pastime; heeding their insights can extend your story for generations to come.
Although a homeowners policy includes coverage for “contents,” it limits the protection afforded to valuables. Your broker, in concert with the Risk Strategies Fine Art Practice, can help you determine when it’s time for standalone collections insurance, even if you don’t consider yourself a collector.
A distinct collections policy is designed for tangible assets including (but certainly not limited to):
- Fine art
- Jewelry and watches
- Wine and spirits
Coverage responds to scenarios commonly associated with these items, including accidental damage, shipping problems, and fluctuations in market value.
Preservation, mitigation, recovery, resilience
Loss avoidance is a crucial part of collections management, as the majority of insurance claims stem from human error. The carriers we represent employ subject matter experts who supplement our own team in service of you.
For sophisticated collectors, risk expertise complements the advisors and curators who manage your investments. Support may include:
- Vulnerability assessments of art on display
- Severe weather preparations
- Referrals to vetted appraisers, shipping vendors, and restoration specialists
- Inventory system recommendations
And in the unfortunate event of damage or loss, we know what’s at stake. Your interests will remain our priority as we navigate the claim in lockstep with your carrier.