Collection Insurance Walkthrough for UK Collectors
Some UK collectors who think Collection Insurance is a whim often think that such insurance is either nonexistent or is priced too steeply. One might change his mind based on the following. The coverage can be comprehensive, which is just what collectors need. Common items in art collections are covered, along with some uncommon ones, such as writing instruments. Theft, breakage, fire, and flooding are some of the instances of damage to items covered in the insurance. General appraisals are not needed; you determine the value of your art collection and the amount of insurance you think you need. Still, it is advised that an updated inventory of items in the collection be kept, to help expedite claims in the event of a loss.
