Moving art is always risky, as fine art objects are usually delicate and fragile. That’s why the fine art moving insurance industry has emerged as a helpful aid to all art owners and carriers. Even with the quick pace of innovation and technological changes in insurance, this industry remains one of the most traditional and old-standing, as insurance has existed for many centuries to protect the property and financial interests of valuable asset owners.
Here is an overview of the main selection criteria that may help you acquire the right insurance policy and ensure comprehensive protection of your belongings during transit.
Why Is Fine Art Moving Insurance So Important?
It’s vital to insure art before shipping for many reasons. First, it may be lost or damaged in the process of transportation, which may be hard to track. Second, you may find it hard to assess the degree of damage or artwork deterioration in transit if something wrong happens to the object. Third, the art shipment may be lost or completely destroyed as a result of an emergency, thus making you eligible for the full compensation claims. Any of these events may happen even if you have packed and boxed your art properly. Therefore, it is always important to get the right insurance policy that will ensure adequate compensation in all unforeseen circumstances.
Where to Get an Insurance Policy?
Once you realize the importance of fine art moving insurance for the security of your financial interests, you can either contact an independent insurance broker or inquire about insurance from your art shipper. Fine Art Shippers can provide art transit insurance to clients on demand, so you can enjoy the combined service of shipping and insurance in one place without excessive red tape. Contact our sales team to order art moving services and stipulate that you will also need to have your art insured; our experts will consult you on the matter and prepare all documents.
How to Choose an Insurance Plan?
There are various types of insurance for art, and the pricing also varies widely depending on the scope of coverage. You may get a comprehensive insurance policy that will cover all aspects of your artwork management activities, from shipping to storage to installation. If you don’t need all of these aspects (which adds to the costs), pay for the art transit insurance only. In this case, your asset will be rigorously protected at all stages of transportation, thus giving you peace of mind and full financial protection.