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Frequently asked questions about Fine Art and Antique Insurance cover
Every Fine Art andd Antique Insurance policy differs, in that it can be tailored to your exact requirements. This ensures that you get the adequate protection that you need, without paying for features and benefits that you don’t need. For example, it may be that you want to have an antique insurance policy that provides cover abroad (at a holiday home, or a piece of antique jewellery that you wear, for example). But if you don’y need that cover, you shouldn’t have to pay for it.
While every Fine art and Antique Insurance policy is different, JMG offer the same, personal and quality service to all clients. This includes:
- Dedicated account handler who you will know by name.
- Specialist claims handling and claims support.
- Complimentary access to risk management, security and valuation experts.
When taking out an antique insurance policy, it’s really important to make sure that the specified indemnity level (the maximum figure that the policy would pay out in the event of a valid claim) accurately reflects the value of your items or collection. Being under insured is one of the most common reasons that insurers don’t pay out in the event of a claim. When it comes to fine art and antiques, valuations can fluctuate widely as fashions change.
For these reasons, most insurers will require to see evidence of a valuation that is no more than 3 years old. If you haven’t had a recent valuation, we can help. We have built up a network of valuation experts, who will be able to put an accurate valuation on individual items as well as your collection as a whole, before you take out the antique insurance policy.
With an antique insurance policy bought through JMG Private clients, you are insured automatically, but you will need to inform us about the new item within a specified period – check your antique insurance policy wording for details, or simply ask us about it.