Fine Arts Insurance for the Serious Collector

There are many protective measures you should be taking to protect your valuable fine art pieces from theft, damage, and other elements that can cause that art to deteriorate. One of the first things you should do is take out Fine Arts Insurance. Another very important step to take is to create detailed records of your art collection, including information about each work of art (artist, title, date the work was created, medium, size and condition). It is also a great idea to keep photographs of the artwork in a safe place.


Some insurance companies will send a specialist to evaluate a collector’s home and offer suggestions to better protect the artwork from an array of hazards including:

• Theft

• Fire

• Water, or

• Light damage

While insured art is covered in the event of theft, fire or water damage or damage caused during transit, a policy will not pay for gradual deterioration (such as fading or cracking caused by natural or artificial light).

Properly securing paintings to walls

If you live in an area susceptible to hurricanes or earthquakes, be sure that all wall-hanging devices are secure. If you live in an earthquake-prone area, consider using special earthquake hooks for art that is hung on walls, which will trap the picture wire, which will hopefully keep the picture from falling off the wall. If you live in a hurricane zone, a house with walls that are made of plaster can become damp, and they may no longer have the structural integrity to hold your artwork.

In the event your artwork is damaged, for whatever reason, seek the help of a professional conservator as soon as possible. This may be your only chance to have it repaired, hopefully to its former state. Your insurance broker may be able to provide a referral for an experienced conservator, as well as appraisers, art storage facilities and other art professionals in your area.

Proper handling and display of large and small sculptures

On the other hand, if you own large, three-dimensional objects, such as sculptures, be sure to carefully consider where you place these works, in case they tip over. For heavier pieces, you might want to attach the base to the floor to keep it in place. For smaller pieces of art, consider using museum wax (which will adhere smaller three-dimensional objects to a surface without causing any damage to the artwork) to hold it in place.

Protecting your fine art collection includes making sure it is adequately covered by Fine Arts Insurance Florida. If your homeowners policy doesn’t do that, and most will not, you can turn to one of several specialist brokers with experience and knowledge in both the insurance and art world.