Fine Art Insurance

The art offer strategy is outlined on the basis of the distinctive characteristics of works of art and depending on particular needs of protection coming from.

First of all, insurance programme proposed are offered with the All Risk formula which means that they cover almost all the damaging events that may relapse on the work of art.

Secondly, the commercial value estimate of the work of art is calculated by the examination of an expert in art history by mutual consent with the contractor: this procedure, called Agreed Value, allows the contractor to be fully guaranteed in case of damage, making the immediate achievement of the refund agreement among the parties easier.

In case of accident, insurance covers propose a formula of the refund calculation that takes into consideration costs due to the restoration of the work as well as the Loss of Value suffered by the same work for the loss of its integrity.

The customers can benefit of a complete insurance cover and a specialized management of the damages, as well as of additional services such as advices in the risk prevention and evaluation, preservation and restoration of works of art. Services of Risk Prevention, aimed to the risk cut, are some of the distinctive elements of our offer.

Art: It is the programme devoted to collectors (private and corporate). Apart from providing the advantages of All Risk formula, the refund of intervention of restoration in case of partial damage and the possible depreciation, in order to determine types of customers/collections, Art policy can be integrated with specific services, such as the automatic inclusion of possible new acquisitions of the collection and the free updating of the value of the insured works on the basis of the market performance registered in the main international auction companies database.

Museum: The insurance cover, appropriately conceived for museums and cultural institutions, is from time to time adapted to the contractor's specific needs. (modular guarantee) Guarantee can be limited to the most precious and valuable works or to works belonged by a third party, borrowed by the institution. It can include restoration costs, excluding the depreciation of a series of items.

Exhibition: this product is specifically conceived to fulfill the needs of exhibitions promoters. Guarantee is in force since works of art are withdrawn from their usual residence to be packed and taken to destination, and covers all the period of the exhibition. It ends when the works of art are put back to the starting point (nail to nail guarantee). The policy can be integrated with support services meant to satisfy the demands of this specific sector, as the preventive preservation and the check of quality standards during the phase of removal and transport of the works.

For more details, please contact with our agencies or our regional offices.