For the most valuable items you own.
Fine art and other types of collectibles represent not only a significant investment in time and money, but quite often also have sentimental value. These valuables may include paintings or sculptures, a wine collection, a stamp and coin collection, Persian rugs, expensive photography equipment, musical instruments, silverware, golf equipment and golf carts, guns and firearms, and other unique items.
A standard homeowners insurance policy only covers valuable items up to a specified amount and, depending on the value of your items, may not be nearly enough to cover the cost should an item be stolen, disappear, or get damaged in a fire or storm. This can be devastating, particularly in cases where an item has been passed down from one generation to the next.
Let us help you insure your collection — just like we’ve helped many other clients in New Jersey and Pennsylvania, including individuals and families in Mercer, Middlesex, Monmouth, and Ocean Counties, as well as Bucks County, PA.
Determining a collection’s value is critical.
To properly insure your fine art and other valuable items, it’s necessary to get items appraised. In some cases, your standard homeowners insurance will be sufficient. In other cases, you’ll need to add on to your existing homeowners insurance or purchase a stand-alone policy. Coverage can be designed to include a schedule of items, each with its declared or appraised value. You also can opt to have coverage that will pay for the cost of repair, restoration or replacement. Also, coverage can apply not just to collections but also single items and pairs or sets of a specific item.
At Martin Insurance Group, we also recommend that our clients document their valuable items. You can take photographs (even just using a smartphone) or a video and indicate the key information for each item. We can guide you on the specific information you need to document and provide the necessary insurance to protect your valuables.
Call now to speak with a representative about insurance for fine art and collections. Martin has the experience and expertise to protect you, your family, and your possessions. We invite you to find out more about the difference we can make in insuring what’s important to you. Please click here for a quote or give us a call at 800.353.5000.
Q. Why do I need fine art & collectibles insurance?
A. Without fine art collectibles insurance, your valued possessions could disappear in a burglary or fire — and you’d have to pay to replace everything out of your own pocket. In short, pay for everything twice. And that’s assuming that your valuable items can be replaced. Martin Insurance Group can help you assess your needs and get coverage that pays for some or all of stolen or damaged property.
Q. Why should I buy fine art & collectibles insurance from you?
A. Martin Insurance Group works with thousands of New Jersey and Pennsylvania residents. What’s more, we have been selling insurance since 1983, and are a stable company you can trust.
Here are some additional reasons customers trust us for their personal insurance needs:
We could save you money.
As an independent insurance agent, Martin isn’t tied down to one solution. ...READ MORE We can compare policies and pricing on coverage such as jewelry insurance and homeowners insurance from a variety of providers and help you choose the one that’s right for your unique needs.
We might even recommend one insurance provider for part of your coverage, and another for other coverage — whatever makes the most sense.
We stay on top of the paperwork.
With all that you have going on, it’s easy to forget to file or renew coverage. So Martin has developed quality control systems that ensure your insurance records are current. No more scrambling to meet dates or find documents — your Martin team will make sure you are on the ball and in compliance.
Q. I already have insurance for my fine art collection. How do I know if it’s the right type or amount?
A. If you already have some form of insurance for your fine art, but are not sure if it is the right type or amount of coverage, schedule a no-obligation review of your existing policies.
Our experienced team is generally able to identify gaps in coverage or opportunities to save money. Contact Martin today to schedule a complimentary review.