Art Insurance Policy
Protect Your Masterpieces with Comprehensive Coverage for Art, Antiques, and Collectibles
Art Insurance is designed to offer complete protection for valuable artwork, antiques, and collectibles. Whether you’re an individual collector, museum, or art dealer, this policy ensures that your prized possessions are safeguarded against risks such as theft, accidental damage, fire, and water damage. The policy extends coverage for property both at the insured premises and in transit. With tailored solutions, Art Insurance gives collectors and businesses peace of mind, knowing that their investments are protected under any unforeseen circumstances.
Key Benefits
- Protects artwork and collectibles from theft, damage, and loss.
- Coverage for property in transit and while on display.
- Safeguards items against fire, water damage, and other accidental damage.
- Provides comprehensive protection for collectors, museums, and galleries.
- Customizable coverage options based on individual or business needs.
- Covers unforeseen damage, excluding only specific exclusions.
Health Cover Up
to ₹50 Lacs
What is Art Insurance Policy?
Art Insurance Policy offers financial protection for valuable artwork, antiques, and collectibles against risks like theft, fire, water damage, and accidental damage. It covers items both on-premises and in transit, providing peace of mind for collectors, galleries, museums, and dealers.
Why do you need Art Insurance Policy?
Protect Your Art Investments
Safeguard your prized art pieces against risks like theft, fire, and accidental damage.
Cover for Transit & Display
Ensure your artwork is covered both on-premises and while in transit.
Peace of Mind for Collectors
Reduce the financial risk associated with your art collection and exhibitions.
Comprehensive Coverage for Galleries
Tailored insurance policies to cover commercial art holdings and exhibitions.
Why choose Insurance Manager to protect your business?
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
What does Art Insurance Policy cover and exclude?
Plan Coverage
Comprehensive Coverage for Artworks
Protection against theft, fire, accidental damage, and unforeseen risks
Transit Protection for Art Pieces and Exhibitions
Coverage for artworks during transit, storage, and temporary exhibitions
Protection for Public Exhibitions & Displayed Art
Safeguard Artworks while Displayed at Public Exhibitions or Private Viewings
New Acquisitions Clause for Artworks
Automatically covers new art purchases up to 25% of the sum insured, with limits
Accidental Damage Coverage for Art
Coverage for unexpected damages due to mishandling, accidents, or other incidents
Debris Removal Clause for Art Damages
Provides up to 10% of the claim amount for debris cleanup after any damage
Sue and Labor Clause for Art Protection
Covers up to 10% of the claim amount for necessary actions to protect the property
Water and Fire Damage Protection for Art
Coverage for losses from water leaks, fire accidents, and natural disaster damages
- In-patient treatment 24 hours a day
- Pre-existing disease
- Pre and Post hospitalization
- Domiciliary hospitalization expenses
- Reimbursement of cost of health check-up
- All day care procedure
- Family floater to covers member’s immediate family such as a spouse, dependent children, dependent parents, etc.
- Maternity benefits
- Dental treatment
- Cost of spectacles, contact lenses
- Waiver of waiting period
- Waiver of first-year exclusions
- Reimbursement of ambulance costs
- Baby day one care
- Vaccination benefits
- Increased room rent limits
- Corporate buffer
- Out-patient treatment (OPD Card)
- Root canal surgery
- In-hospitalization expenses due to sickness or accidents
- Room and boarding expenses as provided by the hospital/nursing home.
- Nursing expenses.
- Surgeon, anesthetist, medical practitioner, consultants or specialist fees.
- Anesthesia, blood, oxygen, operation theatre charges, surgical appliances, medicines and drugs, diagnostic materials and X-Ray, dialysis or chemotherapy.
Major Exclusions
Loss or Damage from Unattended Vehicles
Excludes any loss or damage to artwork left unattended or unsecured in vehicles.
Exhibition Loss Without Notification
Coverage does not extend to losses occurring at exhibitions unless agreed upon in advance.
Wear and Tear or Gradual Deterioration
Does not cover damage due to gradual deterioration, inherent defects, or normal wear and tear.
Damage During Restoration or Repair
Excludes damages that occur while repairing, restoring, or retouching artwork.
Damage from Environmental Factors
Losses caused by aridity, humidity, or exposure to light and temperature extremes, except due to storm, frost, or fire.
Consequential Loss
Does not cover any form of indirect or consequential loss resulting from the incident.
Mysterious Disappearance or Unexplained Loss
Excludes claims for loss or disappearance that cannot be explained or identified.
Biological, Chemical, or Nuclear Contamination
Excludes losses caused by biological, chemical contamination, or nuclear-related events.
- If the appropriate waiver is not opted for, then the policy will not cover
- Treatment of pre-existing illnesses.
- Any treatment for illnesses/diseases within the first 30 days of the policy, unless it is an accident.
- Treatment of specified illnesses for the first year of the policy.
- Certain diseases like hernia, cataract, piles, sinusitis, etc are excluded during the first year of operation in the cover.
- Any claim arising out of or traceable to pregnancy.
- Ayurvedic, homeopathy, naturopathy or any other form of local medication.
- Alcoholism, drug abuse, and AIDS.
- Dental treatment or surgery unless it requires hospitalization.
- Cost of spectacles.
- Vaccination and inoculation.
- Cosmetic treatment.
Your Journey to Insurance Manager
When can I Claim?
A claim under Art Insurance Policy can be registered in the below circumstances:
- In case of theft, burglary, or robbery of insured artwork or collectibles.
- For accidental damage, including fire, water damage, or mishandling during transit.
- When the artwork is damaged while being displayed, stored, or transported within the covered territory.
Claim what’s yours with Insurance Manager
Have more questions?
Submission
Assessment
