Fine Art & Valuable Collections Insurance
Specialized coverage for your valuable collectables.
Whether you run an art gallery, a museum, educational institution, or your business owns a valuable collection, Acera Insurance provides tailor-made coverage to protect your treasured pieces.
Highlights of our art and valuable collections insurance.
Our bespoke coverage for your valuable collection provides protection that extends beyond what is typically covered by business property insurance. With dedicated expertise, our advisors work closely with trusted insurance providers and fine art appraisers to ensure your valuables are thoroughly protected.
Our customized solutions offer:
Flexible worldwide coverage including transit protection
Automatic coverage for newly acquired items
Replacement cost coverage
Coverage extension to natural catastrophe perils including flood and earthquake
Ongoing education and advice to help safeguard your collection
Claims support to guide you through the process and resolve claims as quickly and efficiently as possible
Collection coverages to suit your business needs.
Our advisors provide specialty solutions to cover multiple classes of corporate collections. Depending on the value of your collection, your business may require a floater or rider added to your business insurance, or standalone policy.
Floater or Rider
This is an optional add-on to your commercial insurance that extends the coverage to account for the value of your collection, but has limitations in the broadness of the wording and maximus as to how much and what is insurable A floater or rider is best for smaller-scale collections of moderate value.
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Standalone Policy
A standalone insurance policy will provide more personalized and extensive coverage for your collection. This is best for businesses that consider their collection as an investment, with pieces that are extremely valuable or would be difficult to replace.
Three ways to insure your collection
Scheduled
Individually itemized, where each art piece has a different value and coverage.
Blanket
Protects the entire collection with a per-item maximum.
Combination
Scheduled for some pieces with the rest under a blanket policy.
Support from our dedicated team.
Our experienced team of advisors offers complimentary support including:
Appraisals
Depending on how much you’d like to insure your piece(s) for, an appraisal of your art may or may not be required. However, an appraisal every 3-5 years is generally recommended so you know the true value of your collection. Appraisals should be done by a qualified appraiser who belongs to the International Society of Appraisers. Our advisors would be happy to provide appraiser recommendations.
Inventory
The most important information you’ll want to keep in an inventory of your collection includes:
- A unique inventory number assigned to each item
- The location of each item which refers to where it is currently (i.e. gallery, museum, office etc.)
- The place of storage for each item which refers to where it is kept when not on display (i.e. office, storage facility, etc.)
- Edition number (indicates the size of an edition which determines price and helps identify forgeries)
- Purchase price
- Selling price
- Current market value
- Costs incurred for each item (i.e. framing, transportation, restoration, authentication, insurance, etc.)
- Dimensions
- Images (ideally taken by professional photographers)
- Certificates
- You should also have digital backups of your catalogue/inventory
While some insurance companies may not require this level of detail, it is always good practice to have as much of this information available as possible.
Speak to a specialist.
Get in touch with our commercial collection specialists, and we’ll get to work building the perfect coverage program for you.