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Art enthusiasts – is your collection insured?

July 23rd, 2011 · No Comments

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Art Basel, one of the most important art shows in the world, has chosen Miami Beach as a yearly venue for their exhibits. As a result, every December, Miami becomes the choice destination for art enthusiasts from all over the world. Tourists pour into the city for the weather, the atmosphere, the food, nightlife and most importantly the art. Galleries all over Miami Beach and the Design District open their doors and invite patron in to view their art and purchase what is of their liking.

The collection of art has long been a hobby for many, but the investment in art has also been an important part of many peoples’ portfolios. Insuring your art collection is very important since homeowners insurance usually has limited or no coverage for high value pieces. MAMI Insurance is available to aid you with all of your art insurance needs. Art insurance is usually purchased by individual collectors, museums, trusts, foundations and galleries, on all art pieces ranging from paintings to sculptures, antiques, furniture, rare coins, silverware, jewelry, and musical instruments.

Proper appraisal of your art collection is essential in insuring art because the value of art fluctuates from year to year. Therefore, art appraisers are key in assessing the value of each particular piece so that you and your insurer can have an agreed value of the art in case of full or partial loss. Art insurance covers natural disasters (hurricane, wind, food, earthquakes, etc.) and extends worldwide so art can be covered when being moved and taken to and from being on exhibit.

MAMI Insurance customizes art insurance policies for customers all over the world. Lloyd’s policies can be purchased in US Dollars to cover art in any part of the globe. MAMI Insurance is experienced in working with a global customer base to work directly with each owner to plan for their needs.

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