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The Top 4 Reasons To Work With Fine Art Insurers


Learn how the best insurance companies for fine art can help you spot fake art

If you are an art collector, you understand that expensive artwork needs to be scheduled by a fine art insurer. If not, there is very limited coverage on a standard home insurance policy in the event of a theft, leaving you out of pocket and out of luck after a loss.

The Netflix documentary Made You Look: A True Story About Fake Art details the largest art forgery in US History which resulted in an $80M scandal. However, insuring your artwork with one of the best insurance companies for fine art can not only provide you with vital coverage after a loss, but can also help you spot fraudulent art pieces.

What are the benefits of a fine art insurance policy?

  1. Risk Management Services
  2. Agreed Value Coverage and Cash Settlement Options
  3. Automatic Coverage for Newly Purchased Art
  4. Increased Market Value Coverage


1. Risk Management Services – Exclusive access to professional appraisers, art restoration specialists, and reputable art shippers

Avid art collectors need more than excellent customer service. Sterling Coverage provides access to a wide array of risk management services. We can connect you with professional appraisers who will help determine the provenance and value of your artwork. Importantly, these appraisers can also help spot fraudulent pieces and fake art – saving you money and heartache. Fine art insurers can also connect you with reputable art shippers that specialize in the transportation of fine art collections. Additionally, if your artwork is damaged during shipment, you can rest assured that your piece will be insured and repaired by art restoration specialists.

2. Agreed Value Coverage and Cash Settlement Options

Whether you collect contemporary art or Old Master paintings, fine art insurance provides comprehensive coverage for your collection. The best insurance companies for fine art provide agreed value coverage. This means, that you agree up front what the value of your items are. Additionally, in the event of a total loss, you can even opt for a cash settlement, since it can be nearly impossible to adequately replace or repair a one-of-a-kind piece.

3. Automatic Coverage for Newly Purchased Art

What do you do if you are traveling internationally and find the perfect art piece for your collection, but your insurance agency or carrier is closed? How will you get coverage now? Having fine art insurance with premier insurance carriers will provide automatic coverage up to a certain amount for newly purchased art for up to 90 days.

4. Increased Market Value Coverage

With the art world constantly changing and market values fluctuating regularly, these factors can drastically impact the insured value of your pieces. With premier art insurance, most fine art insurance companies will pay up to 150% of the itemized value to account for these changes in the market value and art trends over time.

If you have a large art collection and are concerned that it may not be adequately insured, please reach out to a specialist at Sterling Coverage. We can help review your insurance coverage and your art collection to be sure that you have the right insurance coverage for your needs.

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