Any move of your valuable and fragile artwork is a source of risk. Thus, it’s reckless to hope for the best and undertake any relocation procedures without comprehensive insurance coverage. While there are many types of insurance plans for art objects, moving items from one location to another is subject to fine art relocation insurance. Here are the main details you should know about this protective shield for your property.

Which Objects Are Eligible for Fine Art Relocation Insurance?

Art transit insurance covers a wide range of artworks, from paintings and fine art prints to ceramics to sculptures made of wood, stone, and other materials. The market value of the insured object is not a defining factor here; in other words, the art piece shouldn’t necessarily be expensive to be insured. It also doesn’t have to be old; even recent works by living artists are regarded as vulnerable and irreplaceable art objects worth protecting.

What Does This Insurance Plan Cover?

It’s vital to read the fine print when you’re arranging a relocation insurance plan for your art. The scope of coverage depends on the broker and may vary widely. Some providers offer comprehensive coverage of all relocation aspects by assuming full responsibility for the art object’s integrity from start to finish. Others stipulate the causes of damage they are ready to compensate for, such as fire, flood, or theft. Thus, it will not always coincide with your assumptions and expectations and requires a double check.

What Factors Are Included in the Assessment?

The sum of compensation is an important determining factor in insurance purchases. You surely want to get the full value of your art piece in case of irreparable damage, loss, or theft. For this, you need to provide proof of your item’s value. The most common criteria for valuation are the purchase price, the item’s market value, the replacement cost, and the degree of its rarity.

Where to Spot a Reliable Insurance Provider?

As soon as you realize that you need fine art relocation insurance, it’s time to start looking for a dependable provider. As a rule, this insurance plan may be purchased from the shipping company that will handle the move of your art objects. We at Fine Art Shippers offer relocation insurance coverage on demand and recommend it to all clients whose art objects are not comprehensively insured.