Our fine art and antiques insurance covers all periods and styles – From Old Masters and Impressionist through to modern and contemporary pieces.
A painting or sculpture is ultimately worth what someone will pay for it. But at Stanhope Cooper, we make sure you are fully aware of the difference between the fair market value (FMV) and the insurance value.
How will a fine art insurance policy work for you?
We discuss and assess the individual needs of our clients, and provide a variety of solutions on the type of cover that best suits. By establishing the nature and value of pieces or collections, their location, security measures, and any transit requirements, we are able to provide cost effective and outstanding insurance cover. We provide insurance solutions for pieces and collections of fine art, as part of your high value home insurance policy. You may want worldwide all risks cover for your artwork. You may want risk management advice to ensure that your art collection remains safe and protected, so your premium is not higher than it needs to be. You could want access to market-leading art appraisers, so that you have current and accurate valuations for your artwork. As an independent insurance broker, Stanhope Cooper are able to cater to all requirements and circumstances.
Fine art insurance to suit your needs
- Worldwide, all risks cover for your artwork, including accidental damage and transit risks
- Insure your art collection as part of your high value home insurance
- Cash or replacement option, including reconstruction of bespoke pieces, in the event of a claim
- No excess to pay in the event of a claim
- Risk management advice, in order to ensure that your artwork is as safe as possible, whilst reducing your premium
- Access to market-leading art appraisers and valuers, so you know that you have the correct level of insurance cover
- Agreed value on specified items, following receipt of an up to date valuation
- Extended replacement costs cover, following receipt of an up to date valuation.
Fine art appraisals from our trusted partners
More often than not we find new clients do not have up to date and accurate valuations for their valuables, including their art collections. The volatility in the value of artwork means that pieces and collections can change dramatically over time in value from the price at which they were bought. In the event of a claim, it can often be too late, and an insurer will only pay out for the purchased value of the item, rather than its true current value. At Stanhope Cooper we encourage all of our clients to have their collections and pieces regularly valued. We recommend our trusted partners to provide this service, and are able to provide accurate levels of cover based on current valuations. As part of your valuation, your pieces or collections of fine art will be examined and appraised. A written opinion on the authenticity and quality will be provided, alongside an accurate valuation. This informs the insurer accurately as to the level of risk, allowing them to provide a suitable premium. With an up to date valuation, we are able to offer agreed value on specified items. Furthermore, an up to date valuation allows us to access extended replacement costs cover from certain insurers. This means that if the value of an item has increased since valuation, then the insurers will pay the extra value.
Risk management advice for your fine art
Theft of artwork is rare. It is far more likely that your artwork will be damaged in transit. The majority of claims we manage on behalf of our clients are related to losses occurring when items of fine art are moving. Our brokers are happy to talk you through your risk management options. Our risk management service ensures that our clients are aware of their insurance and loan agreements.
Benefits of a dedicated fine art and antiques insurance broker?
Finding the correct level of insurance cover for your fine art or antiques collection, at the optimum price, can be difficult. At Stanhope Cooper we work on our clients’ behalf to take the hassle out of insurance, and ensure that they have the right cover for their needs.
- Market knowledge – Our expert team of fine art insurance brokers have extensive knowledge of the insurance market and the products available. Every piece, and every collection is different. Niche, complicated and unique requirements call for a high level of market-expertise. We work with an elite panel of insurers and are able to get access to products and deals that are not always available by going direct.
- Unbiased advice – As an independent broker we are not aligned to any particular insurers. Having assessed your requirements, we can scour the market to find business insurance cover that is right for you. Furthermore as an exclusively family-owned brokerage, we have no third-party shareholders to concern ourselves with. This means we can focus solely on the needs of our clients.
- Risk management – Theft of art is rare. Its far more likely that your artwork will be damaged in transit. The majority of claims we manage on behalf of our clients are related to losses occurring when these items are moving. Our risk management service ensures that that our clients are aware of their insurance and loan agreements.
- Guidance in the event of a claim – Should the worst happen, we offer guidance and support to our clients throughout the claims process. Making a claim can often be a worrying time. We work on our clients’ behalf to liaise with insurers, and ensure that we get the best result possible.
Plus with our Client Portal you can have all of your policy documents in one place, so you can access your insurance information at the click of a button. Policy documents are also available on the go, via the Stanhope Cooper app (Apple & Android).
Call us for a bespoke fine art insurance quote today
Get a quoteor call us on +44 (0)20 7776 9790