Collection Insurance Walkthrough for UK Collectors
Collection insurance, some UK collectors assume, is optional either due to its steep price or the difficulty in getting them. Here are reasons that would change their minds. The coverage can be surprisingly comprehensive, which is just what collectors need. Mainstream art items like coins and dolls are covered, along with non-mainstream ones, like sewing items. Art insurance also covers theft, fire, flooding, natural disasters, and breakage. With no need for general appraisals, determining your collection’s value is up to you, along with the amount of insurance you might need. Throughout all this, you should keep an accurate inventory of items in case you have to submit documents in the case of damage or loss.
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