A unique art collection deserves a unique policy
You acquire each art object with passion and lavish all the necessary care on it. Art insurance helps you enjoy your collection to the fullest, without worrying about loss, theft or other kinds of damage. As a collector, you look for assistance tailored to your collection and actions, whether it is a private collection or a corporate or museum collection. Every art collection is unique, and so are our policies.
Specialised art department
International art insurance network
Customised policies
Help with collection management
Art insurance tailored to your collection
A customised policy gives your collection the best possible protection. Our team of experts at Vanbreda Risk & Benefits works together with specialised art insurers around the world.
Benefit from our expertise, international advantages and our extensive network of brokers and specialists. A policy with our own clauses guarantees the best insurance for your valuable art collection.
International brokerage network
Through Lockton Global, our international brokerage network, we also have access to the US and UK insurance market, among others.
Policies tailored to your art collection
Our extensive and solid network of brokers allows us to offer bespoke policies. Our experts offer insurance that responds perfectly to the risks of your collection. Those policies are not only for collectors, but also for galleries, museums and artists.
Insurance for high-net-worth individuals (HNWIs)
Our team works together with Wealth Secure, the department within our firm that specialises in private insurance for high-net-worth individuals (HNWIs). Insuring large financial wealth requires high-level expertise and guidance. Our advisers will assist you in risk management and offer the right insurance solutions.
End-to-end collection management solutions
Finally, through our network we provide end-to-end solutions for managing your collection, including:
Tax and legal advice
Storage of works of art
Restoration
Insurance: an art in itself
An active management of your art collection increases the risk of damage or loss. Hanging up a painting, lending a sculpture to a museum or transporting an entire collection to an exhibition site involves risks such as:
Damage during transport
Fire or water damage
Vandalism or theft
Accidental damage
Damage during handling
In consultation with a number of specialist art insurers, we have developed four policies that always start from coverage against all risks. This covers every cause of loss, theft or damage, except in case of intent or negligence.
Collection policy
Who?
Private, corporate and museums
What?
Inventoried art objects and collectibles
Jewellery and clocks
Non-inventoried objects, insured on better terms than as contents under fire insurance
Home policy
Who?
Private
What?
Art objects
Damage to contents and home
Exhibition policy
Who?
Museums and private initiatives
What?
Risks during exhibitions
Damage during transport
Risks during installation and dismantling
Trade policy
Who?
Art dealers, auction houses, gallery owners
What?
Storage of art objects
Damage during transport
Risks during exhibitions
Emotional value of art
Art is something you experience, it stimulates your senses and your emotions. Therefore, besides economic value, an art object also has sentimental significance. The insurer and the insured agree on an ‘agreed value’ that best approximates the total value of that particular work of art or that collection.Â
Works of art are insured in all policies at their ‘agreed value’ in the event of total loss. In case of disappearance or theft you will be paid the agreed compensation that includes both the economic and emotional value.
With restoration, each policy covers both the restoration costs and the loss of value of your art object.
After receiving your compensation, you will once again enjoy your restored work or have enough capital to purchase a work of equal value.
In addition to financial compensation for damage or loss, the insurer takes care of various other costs, such as:
Expert’s fees to determine the insured value and the loss amount
Temporary storage costsÂ
Travel allowances
Costs in the event of damage to the home due to damage or loss of an insured work of art.
Secure your art collection.
Consult with us.
Our team is at your service. How can we be of assistance to your company?
