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art insurance in Singapore

We know your pieces are one-of-a-kind. Not all collectors take the same care in selecting the right insurance for their carefully curated pieces of art. Many collectors of fine art insure their valuables under a basic, low-cost homeowner’s policy without realising that such policies rarely cover the full value of the artworks. If a loss occurs, they may find that they receive less for the damaged item than what it is worth and that there is little scope for flexibility when dealing with a claim.

Coverage Highlights


With a wide network of specialists with the knowledge and expertise to respond to your needs, you can be assured that your fine art is with an insurer that can deliver on its promise. We don’t compromise – and we won’t ask you to, either.

Masterpiece® insurance policy has a Valuable Articles Coverage section designed to provide premium cover available for fine art:

  • When you itemise each of your artwork, we will cover them for the agreed value from the start. In the event of a total covered damage or loss, you will receive 100% of the agreed value, with no excess or depreciation.
  • At the time of a total covered loss, if the market value of your item increases and is higher than the agreed value, we will pay up to 125% of the agreed value (subject to maintenance of current valuations and subject to a maximum difference of $100,000 from the amount of the agreed value).
  • Option to receive cash settlement in the event of irreparable damage or loss.
  • Immediate cover for new acquisitions within 90 days notification, up to 25% of the total itemised coverage.
  • If you choose to have your damaged piece repaired, we allow you to choose your preferred restorer.
  • If one piece of a pair or set is lost or damaged beyond repair, you can simply choose to hand in the remaining piece(s) and we will pay the full replacement cost for the entire pair or set.
  • If an itemised piece is damaged, we will not only pay to repair it, but also compensate for any loss in market value as a result of the damage.
  • With every covered loss, it is our goal to pay the claim within 48 hours of agreeing the settlement.

Enhancements to the Masterpiece Policy

Key Highlights: Increased Special Limits for Contents for Legal Tender, Jewellery, Precious Metals, Collectible Stamps, Wine and Fine Art.

Forms and Documents

Protect your high valued home and assets

It will be too late when you realise that you are not adequately insured. Contact us to find out how we can help you protect your valuable possession.