I have been issuing Fine Art Insurance policies for many collectors who recently purchased work for their collection. The prices range from $280.00 up to $500, I have been including the transit coverage from the gallery to the home.
I even wrote one from Italy to Washington, no deductible. It’s also important, to include the frame, under the description part of the policy. If this is not written in the schedule description, then only the work will be covered.
This is a little fine line, I just discovered. I am always watching out for the benefit of the collector, it’s all about properly insuring, knowing your exclusions, hedge your financial downside and most of all, enjoying the Art. www.artinsurancenow.com