Fine Art represents an exquisite world of creativity and heritage, encompassing a vast array of collectible items ranging from timeless paintings and sculptures to delicate glassware, cherished antiques, and rare coins.
At Jewelery Store Insurance, we understand the invaluable nature of fine art pieces and the significance they hold for collectors, museums, dealers, and enthusiasts alike. That's why we offer comprehensive insurance solutions tailored specifically to safeguard your clients precious investments.
We provide customizable insurance policies designed to mitigate risks and protect against unforeseen circumstances. Our coverage extends on an All Risks physical loss or physical damage basis, including depreciation, while excluding certain situations such as:
In addition to our standard coverage, we offer extensions and separate contracts to address specific needs, such as:
By choosing Jewelery Store Insurance, you tap into our specialized expertise and personalized solutions meticulously designed to protect your clients' fine art investments. Rely on us to deliver comprehensive coverage and peace of mind, enabling business owners to concentrate on preserving and savoring their beloved collections.
Fine art insurance through Jewelery Store Insurance can cover paintings, drawings, sculptures, antiques, ceramics, tapestries, rare books, and installations, both modern and historical. Any artwork with documented value can be insured, whether it belongs to a private Canadian collector, a commercial gallery, or a museum.
Coverage for fine art while in transit or on display at an exhibition can be arranged, provided the details are disclosed and approved in advance. This type of cover is not automatically included and will be considered based on the specific circumstances, locations, transit arrangements, and exhibition details involved.
Value is established through a professional appraisal by an accredited art appraiser who considers the artist's reputation, provenance, condition, rarity, and current Canadian and international market demand. Keeping your appraisal up to date ensures your coverage accurately reflects replacement or market value at claim time.
Annual premiums for fine art insurance in Canada are typically calculated as a small percentage of the appraised value, often 0.1% – 0.5% for securely stored works, with higher rates for pieces on active loan or tour. Contact Jewelery Store Insurance at info@jewelerystoreinsurance.ca or (647) 480-1515 for a personalised quote.
Yes. Fine art insurance is available to private collectors, commercial galleries, auction houses, art dealers, and public institutions across Canada. Policies are customised to reflect the scale of the collection, how works are stored and displayed, and the frequency of loans or exhibitions.
Yes. Many fine art policies available through Jewelery Store Insurance cover professional conservation and restoration costs following covered damage, up to the insured value of the piece. Insurers typically require that restoration be performed by qualified art conservators to maintain the integrity and value of the work.
Yes. Fine art held in professional storage facilities, climate-controlled vaults, or Canadian art repositories can be covered under a fine art insurance policy. Our underwriters at Jewelery Store Insurance will assess storage conditions, security protocols, and facility credentials that can also improve your coverage terms and premium. Reach out at info@jewelerystoreinsurance.ca to discuss your storage situation.
