DON’T STOP, GET IT GET IT >>
So, you’ve connected with the inner artist inside and purchased/ invested in the dopest art piece you could find.
You have the right space for it.
You’ve found matching décor, I mean you’re doing your thing.
THAT’S WASSUP. I CAN GET WITH THAT.
You’re not quite done.
Here’s one thing you didn’t do and possibly the most important thing you’ve missed.
No, don’t run! It’s not boring, I promise, here’s why.
Art insurance is the extra step you want to take to get the most from your art investment. What happens to the artwork in the unfortunate event of a fire? Or in the event a piece becomes lost or stolen or damaged piece? Most importantly, it is my opinion that people don’t value artwork because they haven’t themselves attributed its worth through insurance.
Attaining art insurance is often the one detail most people neglect.
So, what is art insurance?
Art insurance is exactly what it says. It insures that the piece you’ve paid your hard earned money for, maintains the art’s monetary value/existence.
Now, let me tell you just HOW to insure your art piece, it’s fairly easy, ready?
If you are a renter, you can simply add the price value of your artwork to your renter’s insurance policy, specifically under a personal property coverage clause.
If you’re a home owner, guess what? Same deal.
Be sure that when you purchase original art, you get a certificate of authenticity, signed by the gallery or artist, establishing the price of the work purchased.
It’s good to keep a record of original art purchases for inventory’s sake anyway. I mean, you are building a grand collection right?
One day you may get requests to show your collection!
Get the most from your art investment by accounting for its value through art insurance.