Category Archives: Comtemporary Art Insurance

Art Collector, Art Insurance, Artist Insurance, Comtemporary Art Insurance, Fine Art, Jewelry, Photographs, Private Collectors and Corporate Collections

Use UCC filings when you Cosign your Art to a Dealer.

Recently, while I was discussing art with an attorney, UCC filings came up.   Usually, this is filed when you take out a business or personal loans and the lender to protect its collateral files the UCC with the state.

It’s an inexpensive file, which is used to notify the state you are a lender and have claim to the object corresponding to the UCC.

So I always tell everyone when you lend for sale your Art, to always have an expiration of consignment, in case the other party gets in financial difficulties the asset reverts to you at the end of the consignment date.

But now adding the UCC you attach yourself to the asset so any court can recognize you are in line to be paid if the art is sold.

An interesting layer of protection from an unstable partnership.

 

William

www.artinsurancenow.com

Art transit Insurance, Artist Insurance, Comtemporary Art Insurance, Exhibtion Art Coverage

How to evaluate your own work as an artist

Since my Launch of an Artist’s Insurance website: I have had numerous conversations regarding “How an Insurance Company evaluates Art.”

The policy evaluation is straightforward. Sales price minus 30%.

This is a simple formula if you have a track record of sales.  Where the conversation turns, is when the artist is new to the market.  I say this because I have worked with artists who, at various ages and experience are now, entering group shows and exhibitions.

A seasoned artist knows the consignment agreement or the exhibition agreement requires the artist to place a value of their Artwork in the form, but for the neophyte, this is where the “tire hits the Road” or the “paint hits the canvas” and takes the discussion deeper.

So what are the methods of pricing one’s own work, and will the insurance company accept the sale price of an artist, who never sold?

This is how I approach the question.

First, everything has a value.  Fundamentally;  material, time, education, experience, teachers, demographics, size shape, media, subject, along with time spent, researching and actually producing the work. etc…

Of course, the Artist understands this, but what is the valuation sale price, I tell them to just make up a reasonable sale price using the fundamentals as your guiding denominator. Usually, they are within range and the Insurance does not dispute and pay the claim.

In the policy form, it is up to the Artist to prove what the value of sales, so if they put an unrealistic sale price on the work, the insurance company using similar methods will determine the sale price is way over inflated.  At this juncture, an independent third party will then appraise the work and the valuation will be established, and the claim would be paid out accordingly.

Bottom line, price your work based on the merits of your talent and experience with keeping the ego in check.

New Artist Insurance Program custom designed for the serious Artist.

 

Limits start at $100,000

 

  • Exhibition
  • Transit,
  • Studio
  • Storage
  • Worldwide Coverage
  • Includes Material and commissioned work in progress
  • Visit artinsurancenow.com for all your Art insurance

 

Premiums start at $1000

 

Kindly help me get the word out by passing this along

 

Thank You

 

William

William G. Fleischer, CIC
President
29 Broadway, Suite 1511
New York NY 10006
T. 212 566-1881 ext 111
F. 212 566-1615
C. 917 863-8787
wfleischer@bfbond.com
www.BFbond.com
www.ArtInsuranceNow.com

Action Figures, Advertising Memorabilia, American Collectors Insurance, Animation Art, Antique, Antique Cars, Antique Furniture Dealers, Art Collector, Art Glass, Art transit Insurance, Bad weather and Art, what to do!, Books and Maps, Brass Antiques, coins, Coins and Bullion, Collectable dinnerware/stemware, Collectibles, Collector Plates, Collectors quilt, Comic Books, Comtemporary Art Insurance, Die Cast, Dolls, Figurines, Fine Art, Guns, Homeowners vs Fine ARt Policy, Jukeboxes, Militaria, Model Trains and Sets, Ornaments, Photographs, Pottery, Prints, Rare Books, Sculpture, Sports Memorabilia, Stamps, Stamps, Teddy Bears, Trading Cards, Wood Antiques

How is your Art being Insured?

Every day, I am helping to insure art collections.  art collections, Gun Collections, Rug Collections, Rare Books Collection, Prehistoric Art collections, Samurai Swords, Bibles,

In the past few days, I have insured rare books, Bibles, Photographs, Manuscripts Antique guns, and furniture. click here for applications

Your homeowner’s policy excludes perils like Roof leaking, wind-driven rain, back up of sewers and drains, Breakage, transit Loss of Value due to a loss.

Most fine art policies have these coverages included. If there is something which is valuable to you and your family, I can insure it.

Call Me 800-921-1008

William G. Fleischer, CIC
President
29 Broadway, Suite 1511
New York NY 10006
T. 212 566-1881 ext 111
F. 212 566-1615
wfleischer@bfbond.com
www.ArtInsuranceNow.com

Art Collector, Comtemporary Art Insurance, Fine Art, Uncategorized

Everyday I learn something New and fascinating – Intaglio.

Today I learned a new word. I was reviewing a schedule of fine art insurance and came across a word which I was not familiar, Intaglio Art.

Intaglio Art, what can this be? So off to the land of Google search, I came across the definition in Wikipedia;

Intaglio Example

Intaglio is a technique in art, in which an image is created by cutting, carving or engraving into a flat surface and may also refer to objects made using these techniques:

 

I then looked up some pictures and this stuff is really cool
We proudly insure this type of work. Let us insure yours, Visit us at www.artinsurancenow.com, call 1.800.921.1008

art insuranceLet me insure yours

www.artinsurancenow.com

 

 

APPLICATIONS:

• Art Dealers
• Artist Transit/Exhibition/Studio Insurance New Program
• Auctioneer
• Conservators/Restorers
• Corporate Collections
• Personal Collections
• Exhibitions
• Museum Collections
• Business Owners Liability

Art Collector, Art Insurance, Art transit Insurance, Claim Process, Comtemporary Art Insurance, Fine Art, Homeowners vs Fine ARt Policy, Private Collectors and Corporate Collections, Rare Books, Sculpture, Stamps, Uncategorized

Art Evaluation formulas you might see in an Art Collection Policy

Here are most of the current options found in an Art Collectors Insurance policy

1. Stated Amount based on an appraisal.
2. Market value or appraised value whichever is less.
3. Market value or appraised value. Maximum value 1.5% of appraisal value.
4. Market value – Onus of proof ( insured to prove value) up to policy limit.
5. Unscheduled Items: can be based on maximum value per item –Maximum Blanket limit- Onus of proof for valuation
6. Newly Acquired Property their cash value, but not more than 25% on similar type of policy.
7. Newly Acquired Property the lesser of 25% on similar type on policy or $10,000.
8. The cost of reasonably restoring that property to it condition immediately before the loss
9. The cost of replacing that property with a substantially identical property.
10. Property of Others in your Care, Custody, and control Maximum, based on the agreed amount prior to Loss 25% of Policy Limit,
11. Jointly Owned Property, value as stated in an agreement with the co-owner(s) up to the amount of your interest.
12. A loss to your Art Reference library, including books, catalogs and “data and Media” Settled at Actual Cash Value.

William
William G. Fleischer, CIC
President
29 Broadway, Suite 1511
New York NY 10006
212 566-1881 ext 111
wfleischer@bfbond.com
www.BFbond.com
www.ArtInsuranceNow.com

APPLICATIONS:

• Art Dealers
• Artist Transit/Exhibition/Studio Insurance New Program
• Auctioneers
• Conservators/Restorers
• Corporate Collections
• Personal Collections
• Exhibitions
• Museum Collections
• Business Owners Liability

Antique, Art Collector, Art Insurance, Artist Insurance, Chubb Insurance, Collectibles, Comtemporary Art Insurance, Exhibtion Art Coverage, Fine Art, Firemans fund Insurance, Jewelry, Museum Coverage, Musical Intruments, Photographs, Private Collectors and Corporate Collections, Rare Books

What is Conversion exclusion in a fine art, Antique, Jewelry policy

The Story;

A collector or Museum consigns a work to a dealer to sell.  The dealer does his job and sells the work, but does not pay the Collector or Museum.  This is now considered a loss of property and if your current policy does not address this type of loss you may not have coverage.

Now if the consignment date has expired and the dealer is not willing to return the work, in many incidences this would be classified as theft and be covered by your fine arts policy.

For more information on Conversion Exclusion call us at 1.800.921.1008, visit our website at www.ArtInsuranceNow.com or fill out one of the applications below for a fast and easy quote.

APPLICATIONS:

• Art Dealers
• Artist Transit/Exhibition/Studio Insurance
• Auctioneers
• Conservators/Restorers
• Personal Collections
• Exhibitions
• Museum Collections
• Business Owners Liability

Comtemporary Art Insurance, Fine Art, Private Collectors and Corporate Collections

Corporate Collections Basics: Step 1

We at Bernard Fleischer & Sons, Inc  /Art Insurance Now, provides corporations and businesses with insurance coverage for their corporate fine art collections. This coverage protects the Art collection from physical loss or damage including breakage, vandalism, theft, and damage or loss while on display or in storage at company locations or warehouse while in transit and while on loan to institution, gallery or exhibition.

Coverage highlights include:

  • Competitive rates
  • Appraisal Option forms
  • Deductible options
  • Placement of insurance with “A” rated admitted carriers
  • Broad blanket coverage policy’s for large fine art collections
  • Certificates of Insurance issued as evidence of coverage
  • Premium payment options at no additional charge

Basic Fine Arts Coverage

Even our most basic coverage provides solid protection. It features:

  • Broad, worldwide protection
  • Scheduled or blanket limits for both owned collections and loaned items
  • Domestic and international transits

Enhanced Fine Arts Coverage

Most of the policies included extra or specific protection. These enhance the basic coverages in many ways like:

  • Registration Papers and Records
  • Special clauses for “Loss Buy Back” and “Pairs and Sets”
  • Furniture and Fixture, integral to the Fine Art display

To obtain a quotation, please provide the following:

Call now: William Fleischer CIC  212 566-1881 ext 111

APPLICATIONS:

• Art Dealers
• Artist Transit/Exhibition/Studio Insurance New Program
• Auctioneers
• Conservators/Restorers
• Corporate Collections
• Personal Collections
• Exhibitions
• Museum Collections
• Business Owners Liability

Art Insurance, Art transit Insurance, Artist Insurance, Comtemporary Art Insurance, Exhibtion Art Coverage, Fine Art, Photographs

Artist who Exhibits… Read further.

artists-expenses

I have been working with many artists who have opportunities to exhibit in venues where the venue only offers the space but not the Insurance for the Art installed.

Many times as I interview these Artists, I find out the Artwork limits requested and the time period required will trigger the policy minimum premium of $1,000.

Being that I care about artists and the expenses they go through I explain for the same cost, Insurance is available to cover Artwork in the studio, in storage, while in transit and while the Art is at exhibitions.

Call me at 1.800.921.1008 to find out how you can protect your artwork or fill out the artist application here at www.artinsurancenow.com

William G. Fleischer CIC

Bernard Fleischer & Sons

 

AXA Art, Collectibles, Comtemporary Art Insurance, Fine Art, Galleries, Jewelry, Musical Intruments, Photogaphy Dealer Insurance, Photographs, Private Collectors and Corporate Collections, Rare Books, Sculpture, Stamps

AXA Art Insurance Highlights of Coverages

ain-axa
AXA distinguishes itself
as the only insurance company specializing exclusively in fine arts and collectibles. It employs 50 full-time art historians around the world and has an extensive network of art-world specialists including curators, appraisers, adjusters, conservators, tax attorneys and shipping agents specializing in the arts and collectibles. AXA serves all clients, from the first time collector to the most established collectors. The company is a co-founder of the international Art Loss Register.

 

AXA offers:

 • Broad, all-risk worldwide coverage.

• Large and small capacity insurance.

• Blanket location coverage.

• Automatic coverage on a newly acquired property of up to 25% of total policy limit within a 90-day reporting obligation.

• Claims processing.

 

Art Services:

• Evaluations that assess the current market values of clients’ collections.

• Loss prevention advice and disaster planning.

• Transportation, shipping, and handling consultation.

• Fine art collection schedules (inventory and values of all items in your collection).

• Curatorial and collection management services.

Call discuss your Insurance Needs; 800-921-1008

www.ArtInsuranceNow.com

Antique, Art Glass, Collectibles, Comtemporary Art Insurance, Fine Art, Jewelry, Musical Intruments, Photographs, Private Collectors and Corporate Collections, Rare Books, Sculpture, Stamps

Personal Articles Floaters Program

Personal Articles Floaters Program
Still placing PAF’s on your Homeowners Policy? Does your policy have exhaustive exclusions or limitations and warranties such as alarm warranties or location restrictions? Or perhaps no CAT (catastrophe) coverage or sub-limited CAT coverage with deductibles?

This program rivals the best forms in the industry and is written on an all risk basis and Admitted in all States. CAT coverage up to the policy limits. There are no deductibles, location restrictions or alarm warranties.

And… The Personal Articles Floater program is available for risks of any size.

Still Not Convinced? Look How Easy We Make It!
Immediate policy issuance. Immediate endorsement processing.
Have a schedule from a prior policy? We accept that in lieu of appraisals.

Regarding appraisals, we have no age restriction on appraisals or invoices. Have a large risk with an extensive schedule? Forward to us to import.

Book Transfers
We do that too. And we make it easy for you.

Contact us at 800 921-1008 to learn more. 

Program Highlights

  • Carrier A rated, XV, Admitted
  • Operations Personal & Commercial collections of any size.
  • Types of Items Jewelry, Fine Arts, Collections and more.
  • Enhancements Earthquake, wind, flood (all with no deductible);
  • Worldwide coverage;
  • No hotel/motel exclusion;
  • Market Appreciation clause included;
  • Automatic coverage for newly acquired items.
  • Blanket Unscheduled Jewelry up to 25,000;
  • Blanket Unscheduled Fine Arts up to 25,000

Program Summary

All risk, worldwide coverage for valuables and collections including jewelry, fine arts, and other miscellaneous items. Available for individuals and businesses.

Collection Categories

  • Jewelry
  • Fine Arts (fragile, non-fragile, unscheduled)
  • Furs
  • Cameras
  • Sporting Equipment
  • Musical Instruments (non-professional)
  • Silverware
  • Postage Stamps
  • Rare Coins & Collections
  • Computers & Media
  • Wine
  • Golf Carts
  • Guns/Firearms
  • Bicycles
  • Other Miscellaneous Items
  • Earthquake and wind coverage available with no deductible

Visit my website and complete the simple application: www.ArtInsuranceNow.com