Art, Antiques and Collectable Insurance in South Africa

While your valuable collection of art, antiques or collectables may be irreplaceable, you’ll still want to be financially compensated if they’re lost, stolen or damaged.

 
 
Consider Art Insurance for Exhibitions where paintings, antiques,
sculptures and other collectables are exposed to risks
 
 
 Need Art, Antique and Collectable Insurance Assistance?
 
 Broker Directory News   See News on Art, Antiques & Collectables:

2019:
•  5 Reasons to make sure your Art is covered correctly (January, 06)

2017 & 2018:
•  ITOO and Artinsure join forces (February, 14)
•  Collectibles - Medium to Rare (October 11, 2017)
•  Insurance implications if artwork is damaged (Sept 05, 2017)

Precious collectables are irreplaceable, even if you receive monetary compensation in the event of a loss.

Many South Africans own collections and works of art worth millions. They need a specialist product and proper advice on all appreciating assets, such as fine art and collectables not normally catered for under basic short term insurance policies.

Clients who may benefit from specialist cover in this field, are such as the following:
Private and corporate collectors; Museums; Appraisers: Galleries; Shippers and Packers; Restorers; Exhibitions; Artists and more.

An Art Insurance policy can cover a broad spectrum of items such as: books, clocks, gold and silver, antique items (also including jewellery and furniture), paintings, photography, pottery, sculptures, toys ... and these are just a few!

The cost of coverage can fluctuate dramatically depending on the worth of the items and if there are additional risk factors involved, or where the work will be housed or displayed.

The value of art collections can escalate fairly rapidly, therefore it is necessary to re-evaluate these artworks at least once a year, in order to ensure the art insurance cover remains adequate. It is also worth acquiring the help of a professional appraiser to determine how much insurance is best suited to your needs.

It is important to keep well documented records of receipts of sale and any other information to substantiate the value of the art work/s. You could even take photographs or a video clipping of the collection. Always keep a list of inventory items of all the artworks even if you are only insuring some of them.

This is a specialist niche area where a number of specialist products are available, where all available product options should be carefully considered. These options may be confusing, where we recommend advice through a reputable broker...

In fact, the smartest thing you can do is -- Get a specialist broker to do it for you!
 

Some Art & Collectible items that may be insured or covered through this specialist insurance area are:
  • Antiques, rare books and carpets;
  • Jewellery, metal ware, gold and silver tokens;
  • Militaria and musical instruments;
  • Paintings, sketches and prints;
  • Political memorabilia or collections;
  • Porcelain, pottery, ceramics, glass and similar objects of virtue;
  • Sculptures and statues;
  • Sporting memorabilia or collections.
 

Art, Antiques and Collectible Cover options may include the following:
  • Consider full coverage for the loss, theft or damage – whether on your premises, in transit, or entrusted to third parties;
  • Art frequently requires transportation and many claims arise as a result of damage and theft during transit. There will be situations that works of art will need to be in transit to destinations for framing, display purposes at an exhibition or for restoration purposes.
  • Damage due to water, fire and even smoke, are huge risk factors;
  • Full cover on accidental damages;
  • Defective title cover;
  • Buy back in the event of recovery;
  • Temporary storage;
  • Third party entrustments;
  • Access to specialist restorers and appraisers;
  • Recognising certain items forms parts of sets or pairs
 
Antique items such as jewellery, gold & silver tokens,
can also be covered under Art & Collectible Insurance
 
 
 
Get Art & Collectable Insurance for your paintings, porcelain,
antiques, objects of virtue, memorabilia or collections
 
 
 
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