4 Elements Making Art Insurance a Must

4 Elements Making Art Insurance a Must

There is nothing easier than damaging newly bought artwork during transportation. Considering how dangerous and tricky everyday routine can be, many wonder how to avoid art shipping nightmares and protect their pieces from all sorts of lurking issues and force majeure.  Over the last decades, the answer to this question has always been art insurance, a seemingly insignificant and yet practically highly efficient feature in the modern art industry. To prove a point, let’s look at four basic elements that make insurance services a must for every artist, collector, and dealer.

4 elements making art insurance a must

1. It provides coverage

Insurance is designed to cover the financial loss if something nasty happens to your art. At the end of the day, it’s simple mathematics that can save you lots of money if your art gets damaged.

2. It alleviates all sorts of risks

Art insurance is unique in some way. Not every type of insurance can protect you from almost anything bad. When it comes to art, you are protected not only from physical damage during transit but also from art scams, natural disasters, and even terrorism.

3. It might be compulsory

Most of the time, you are not obliged to buy insurance, but sometimes you just have to. For example, when you hire a shipping company and want to ship some antique items that cost an arm and a leg, an insurance policy is a must since the risks are really high.

4. It makes you feel better

When you have insurance, you feel safe, and that’s probably one of the most crucial elements when it comes to personal benefits. Being insured means thinking about possible problems less, which overall makes you feel more relaxed and therefore better.

As you see, art insurance is a great boon for those people involved in the art industry. Not insuring your pieces of art always does more harm than good, but, as always, you have the final say.