Why Should I Insure My Art?
Whether you own one piece of fine art, a number of outdoor sculptures, or a whole collection of artwork, insurance for your collection can provide you with peace of mind, knowing that you’ll be able to repair or replace it after a covered event. With Chubb art insurance, you’re automatically covered for new purchases worldwide, whether they’re at your home, a gallery, or in storage, and you’ll have access to qualified experts who can share tips on how to protect your art from harm or refer you to the art specialists you need.
Chubb Masterpiece® Valuable Articles Coverage Highlights
As one of the world's largest insurers of art and antiques, you can count on our unparalleled service and expertise, along with some of the broadest art protection available.
We offer flexible, worldwide coverage options to meet your unique needs, and cover most fine art losses with no deductible.
If you already have fine art that is itemized on your policy, your newly acquired artwork is covered for up to 90 days (25 percent of the itemized coverage).
We only require appraisals for individual fine art items valued at $250,000 or more. Otherwise, we just need a detailed description and estimated value.
If the market value of an item before a loss exceeds the amount of coverage, we’ll pay up to 150 percent of the amount itemized on your policy to account for increases in market value.
We’ll work with you upfront to determine the value of your fine art. Then, for covered total losses, we’ll make sure you get 100 percent of the agreed value as a cash settlement.
Protect an entire art collection with blanket coverage, itemize your fine art pieces individually, or do both. It’s up to you.
In-House Fine Art Services
Chubb’s fine art practice brings together the expertise of our worldwide in-house resources in underwriting, loss prevention, and claims. Our specialists have degrees and advanced training in art and collectibles, and prior experience working for museums, galleries, auction houses, and art warehouses. They are available to provide referrals to fine art professionals as well as services such as:
Have questions about protecting your collection? If you’re a Chubb client, you can call for a referral to a qualified professional. Call 1-877-60CHUBB, option 2.
Disclaimer: This information is descriptive only. All products may not be available in all jurisdictions. Coverage is subject to the language of the policies as issued.