The work leaves home covered
The cover goes with the piece anywhere in the world. Taking a painting to an exhibition or to a restorer does not leave it unprotected.
Individuals
Fine art insurance
A collection is formed over years and rarely fits within the sublimits of a home policy. It is insured with expert valuation and agreed value piece by piece, and with specific conditions for exhibition and transport.
In short
What is fine art insurance
A specific art policy covers works at an agreed value and on an all-risks basis, including transport, exhibitions and time away from the home. It is necessary because home insurance limits valuables to very low sub-limits: often 20% of the contents sum insured and a few thousand euros per item.
Advantages
Advantages of fine art insurance
Valuable works of art do not fit into a home policy, and the problem only shows the day they go missing.
You know what your collection is worth
The valuation required for insurance also serves for succession, distribution among heirs, and any sales operation.
Restore without losing value
After damage, the policy covers the restoration and also the loss of value it leaves in the work.
Buy today and it's covered today
The automatic cover for new acquisitions protects the item from the moment you purchase it, without waiting to declare or value it.
Profile
Who it is for
Collectors
Those who accumulate works whose combined value far exceeds the sub-limits of a home policy.
Galleries and antique dealers
Professional activity with works in deposit, on exhibition and in transit.
Heirs
Those who receive a collection and discover that it is not appraised or insured adequately.
Scope
Main covers of fine art insurance
- All risks cover for accidental damage, theft, fire and water.
- Agreed value per piece, settled with appraisal and without dispute in the claim.
- Cover anywhere in the world, not just at home.
- Transport, exhibitions, deposits and temporary stays outside the home.
- Loss of value after restoration and pair or set covers.
- New acquisitions with temporary automatic cover until declared.
The JORI method
How we work
Risk analysis
We study the activity, assets, and plausible scenarios. Without that diagnosis, comparing policies is comparing prices of different things.
Programme design
We define covers, limits, deductibles, and acceptable exclusions. We decide what is transferred to the insurer and what is consciously retained.
Negotiation with the market
We present the risk to the insurers we work with and negotiate terms. We are independent: we do not belong to any company.
Support and claims
We review the programme at each renewal and, when a claim occurs, we act as your technical representative with the insurer until payment is received.
Frequent doubts
Most frequently asked questions about fine art insurance
What is the agreed value and why does it matter so much?
It is the value agreed in advance between the insured and the insurer, usually backed by a professional valuation. In the event of a claim, that amount is paid without any dispute over market value. In art, where valuing a work after it has been lost is almost impossible, it is the only approach that gives certainty.
How often should the appraisal be updated?
Every three to five years, and always after a significant market movement or a restoration. Many policies include an automatic revaluation clause, but it does not replace periodic appraisal for significant pieces.
Does it cover transport to an exhibition or to a restorer?
Yes, including transport to and from and the stay at the destination, provided it is declared. It is one of the main differences compared to home insurance, which only covers the piece within the home.
What happens if a piece of a set breaks?
The pair or set clause covers the loss of value of the whole set, not just the damaged piece. With editioned works this difference is very significant, and it is worth checking that it is included.
Works of art
