Insurance coverage is essential for valuable works of art, whether these are paintings, sculptures or antiques. Because if they are lost or destroyed, the financial loss is not only limited to pure monetary value.
Recovery is also expensive: transport, customs and security charges can be incurred, as well as travel costs. Even if the art remains intact, you have to foot the bill for urgent safety measures, e.g. installing emergency glazing. You can insure such costs with an art insurance policy.
Helvetia’s all-risk insurance gives art owners financial protection against all possible risks – from simple theft to transport damage and destruction. The insurance also covers loss prevention costs after unforeseen events, such as changing the alarm system if the keys are lost.
Personal consultation with experts to protect works of art through art insurance.
The insured value of works of art is determined by their market value. The market value is the amount needed to buy a replacement of the same grade.
If the value of the insured item increases, that increase is insured during the year in question If the value falls due to damage, the insurance covers the reduction in value.
Art insurance is the only way to adequately insure your artworks against all risks. Household contents insurance only covers the conventional risks.
The insurance is reasonable for all art lovers whose artworks have more than just sentimental value. In particular, those who own art collections should take precautions in the event of damage or theft. For art lovers who regularly transport their pieces, e.g. when lending to galleries or museums, art insurance protects their art from nail to nail, including during the entire transport process.