Art Insurance - Australian Art Collector

While some general home insurance plans cover artwork, large or valuable collections should be covered by separate art insurance.

Art insurance takes into account the unique nature of the items and should cover all risks of physical loss, damage and theft whether the artworks are at home or in transit.

Collections should be re-valued every few years to ensure an accurate current market value. It is advisable to keep artwork invoices, photographs and documents in a safe place. The right type of insurance will vary for collectors depending on the artworks, the location, security and so on.

Collectors should research the available options, speak to the insurance companies and compare quotes before deciding.

Lucy Rees


Aon


201 Kent Street
Sydney NSW 2000
Phone: (02) 9253 7119
Fax: (02) 9253 7269
Email: amy.kwok@aon.com.au
Web: www.aon.com.au/australia/fine-arts-insurance.jsp



Marsh


555 Lonsdale Street
Melbourne VIC 3000
Phone: 1300 137 485
Fax: (03) 9670 8581
Email: fineartinsurance.australia@marsh.com
Web: www.marsh.com.au/affinity/finearts