Hill & Stone Insurance Agency, Inc Blog: fine art insurance
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Friday, February 24, 2023Fine art is an investment that can help you diversify your portfolio. One price index found that art consistently returns 7.6% to investors and outperformed the stock market in 2018. In 2021, the total value of transactions for the global art market reached $65.1 billion, a 29% increase from the prior year. READ MORE >>
Wednesday, November 16, 2022Fine art often holds considerable value, and pieces are often expensive or difficult to repair or replace. Standard homeowners insurance policy may offer some coverage for fine art; however, it may contain gaps that leave you vulnerable to significant financial loss. READ MORE >>
Wednesday, July 6, 2022Many people own fine art and display these works in their homes along with their other belongings. Fine art is sometimes a person’s most valuable possession. If the artwork has significant value, it can be challenging to replace, or it could be a substantial loss if the piece were damaged, lost or stolen. READ MORE >>
Wednesday, March 9, 2022Your fine art may be among your most valuable possessions. Some may assume that a standard homeowners insurance policy will fully cover personal art collections, but that may not always be the case. Other available options may provide more complete coverage for your prized investment. READ MORE >>
Wednesday, November 17, 2021Fine art is often among the most expensive and valuable possessions you may own. However, many art collectors wrongly assume that their homeowners insurance’s personal possessions coverage will fully cover art and other valuables. While possessions coverage can apply to these items, it often is not expansive enough to protect high-value items like fine art. READ MORE >>