This insurance is for companies and people who are in the business of selling fine art, antiques, collectables and other valuable property. It provides coverage for dealer inventory that is owned by the insured and for property on consignment. This is unscheduled coverage, so dealers do not need to inform their insurance broker of changes to the inventory during the policy term. This form is written with very broad language and with a limited deductible, so our insureds can focus on sales and not their insurance coverage.
Worldwide coverage and increased limits for art fairs are available on request. Coverage includes valuation for covered property based on sales price or consignment value.
For those who business is art, this coverage protects your financial investment while you help your clients build their collections.