{"id":547,"date":"2015-12-03T19:30:16","date_gmt":"2015-12-04T00:30:16","guid":{"rendered":"http:\/\/artinsurancenow.com\/blog\/?p=547"},"modified":"2018-04-13T14:47:08","modified_gmt":"2018-04-13T18:47:08","slug":"insuring-art-work-without-appraisals","status":"publish","type":"post","link":"https:\/\/www.artinsurancenow.com\/blog\/insuring-art-work-without-appraisals\/","title":{"rendered":"Insuring Art Work at Market Value"},"content":{"rendered":"

Collecting Art is fun<\/strong>, but maintaining values fluctuate a lot on an insurance policy.\u00a0 All homeowners policies where fine art is a part of the policy are written on a scheduled basis.<\/p>\n

To add these artworks to your schedule,\u00a0the company requires a current bill of sale or a current appraisal.\u00a0 The value is locked based on the schedule, good if the value goes down, bad if the values goes up.<\/p>\n

Here is\u00a0an endorsement which I feel the collector should consider when they are insuring\u00a0an art collection.<\/p>\n

It’s the Current Market Value 150.\u00a0 With this endorsement, the company\u00a0will pay the amount shown on the Schedule for which the item is insured. However, if the market value of the itemized article immediately before the loss or damage exceeds the amount of itemized coverage for that article, we will pay its “current market value” immediately before the loss or damage up to 150% of the amount of the itemized coverage for that article. Of course, if the item market value decrease you will get less.<\/p>\n

For a quote on Fine Art, Collectibles and objects of value click here for the collectors application on my website<\/a>.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Collecting Art is fun, but maintaining values fluctuate a lot on an insurance policy.\u00a0 All homeowners policies where fine art is a part of the policy are written on a scheduled basis. To add these artworks to your schedule,\u00a0the company requires a current bill of sale or a current appraisal.\u00a0 The value is locked based … Continue reading Insuring Art Work at Market Value<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[140,71,134,122,135,113,7,123,124,125,23,136,9,126,127,128,129,28,130,137,38,26,24,115,30,138,131,139,114,118],"tags":[],"yoast_head":"\nInsuring Art Work at Market Value - Protecting Art Nationwide | Art Insurance for Artists, Galleries & Collectors from New York to California<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.artinsurancenow.com\/blog\/insuring-art-work-without-appraisals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insuring Art Work at Market Value - Protecting Art Nationwide | Art Insurance for Artists, Galleries & Collectors from New York to California\" \/>\n<meta property=\"og:description\" content=\"Collecting Art is fun, but maintaining values fluctuate a lot on an insurance policy.\u00a0 All homeowners policies where fine art is a part of the policy are written on a scheduled basis. 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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 \u2013 Onus of proof (\u2026","rel":"","context":"In "Art Collector"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101,"url":"https:\/\/www.artinsurancenow.com\/blog\/proctecting-your-painting\/","url_meta":{"origin":547,"position":3},"title":"Protecting your Paintings","date":"February 5, 2013","format":false,"excerpt":"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. 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