• Skip to main content
  • Skip to header right navigation
  • Skip to after header navigation
  • Skip to site footer

James Little Agency

Auto, Life & Home Insurance in Southlake TX

  • About
    • Testimonials
    • Cities Served By County
  • Service Requests
    • Payments & Claims
  • Auto
    • Steps to take after an automobile accident
  • Commercial
  • HomeOwners Insurance
    • Condominium Insurance
    • Flood Insurance in Fort Worth, Texas
    • Landlord Insurance
    • Renters Insurance
    • Umbrella Insurance
  • Life
  • Blog
  • Contact
  • Get a Quote
  • Call us today for a free quote – 817-380-4952

How Much Can I Insure Art For?

July 8, 2022 by James Little

After allocating a lot of your time, effort, and money to your cherished art collection, you begin to ponder how you can protect them. 

Take the other types of insurance, such as health and car insurance, for example, nobody wishes to get sick, but it is crucial to make preparations. 

Whether you collect art or personally create it, it must hold a significant value to you. Thus, having a backup plan or defense against any unexpected loss or damage may be necessary if you own art. 

How do art collectors insure art? Read on to find out. 

Does My Home Insurance Cover My Art?

They stated that it depends on the policy. However, most home insurance plans have several restrictions and exclusions on the coverage they provide for valuable art. 

Examples of natural catastrophes that your house insurance policy may not cover include flash floods, tropical storms, and hurricanes

Even if you suffer damages or losses, the compensation you’ll get will be limited by the terms of your policy. For example, if you have a $100,000 home insurance policy, most standards specify that only $2000 is covered for your artwork.

This is why you should protect your artwork by purchasing separate insurance coverage for it. As a result, people will treat your work with tremendous respect and consideration.

How Much Can I Insure My Art For?

Generally, the cost of your art insurance will solely depend on the value of the artwork and the quantity of art you have in your collection. Nonetheless, art insurances are divided into two classifications: title and property. 

As their respective name suggests, title insurance coverage, known as a one-time expense, includes a defective title typically due to numerous previous owners. 

On the other hand, property insurance provides an insurance policy for damage or stolen art. 

Aside from this, property insurance also includes situations where the artwork is lost. Most insurance companies offer coverage ranging from 1 to 7% of the total value of your art piece. 

The given range may change as the total cost of the art insurance can be a little tricky considering several factors. 

Some factors that may affect the cost of your art insurance include the location of your artwork, the current condition of the art piece, and even the potential cost of a restoration or partial replacement, given your work of art is still repairable. 

The owner should expect to pay around 1 to 2% of their artwork’s value annually.

Conclusion

While no one desires or wishes for any damages or loss to their art pieces, art insurance is still highly advised to art collectors to have them prepared against any unexpected casualty or impairments. 

Preparing for these unexpected turmoils and negative turns of events is better than having regrets in the end. 

As an art collector, can you consider yourself ready for the potential threats of an uninsured art collection? 

Your art deserves protection too! To obtain a free insurance quotation, 

Category: Blog

About James Little

fort worth insurance

Get A Free Insurance Quote

Whether you are looking for a quote on your car, home, life or business; we can help. Click the button below and let us find you a great deal.

This might take more than 15 minutes, but getting quotes from multiple providers is worth the wait. Find out why our clients prefer to work with a local agent.

Get A Quote

James Little Agency, LLC

1560 E Southlake Blvd
Suite 100
Southlake, TX 76092

+18173804952

Open Mon – Fri

8 AM – 5 PM

Use our free quote form to save time.

  • Home
  • About
  • Testimonials
  • Cities Served By County
  • Service Requests
  • Auto
  • Commercial
  • HomeOwners Insurance
  • Condominium Insurance
  • Flood Insurance
  • Landlord Insurance
  • Renters Insurance
  • Umbrella Insurance
  • Life
  • Contact
  • Call us today for a free quote – 817-380-4952

Copyright © 2023 · James Little Agency · All Rights Reserved