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If you’re a collector of fine art, you’ve likely put plenty of time and effort into curating your personal pieces. While your homeowners insurance may be able to protect most of your belongings, that coverage may not extend to your collection. At Mutual Underwriters, their experienced agents want to help you find the right coverage for your needs—and that includes fine art insurance. Here, they share a few reasons why fine art insurance is an absolute must for any collector.

3 Reasons to Purchase Fine Art Insurance

1. Homeowners Coverage Often Excludes Fine Art

InsuranceHomeowner’s insurance is designed to help reduce your financial liability if your home is damaged in a qualifying event. However, those policies often have exclusions to what they protect, and you’ll usually find fine art among them. If a piece is damaged without insurance, the full cost of repairs or restorations will be yours to bear out-of-pocket.

2. Proper Compensation for Damage

Unlike most items that are insured, fine art cannot simply be replaced. Instead, it must be restored by an experienced professional. This process can be incredibly expensive, and most standard homeowners policies will not cover the majority of the restoration—if it’s covered at all. A fine art policy will compensate you properly for any restoration work.

3. Coverage for a Wide Variety of Art

What is considered art to one person may appear as little more than an old book to your homeowners policy. By investing in a fine art policy, you’re guaranteeing that your entire collection is covered, whether you have a bookcase filled with folios of decorative manuscripts or handmade tapestries decorating your walls.

If you have a fine art collection, protect it with a comprehensive fine art insurance policy from Mutual Underwriters. Their experienced agents understand that art collections are an important part of your home and will do everything they can to help you protect your investment. With locations in Honolulu, Kona, Maui, Waipahu, and Hilo, there’s a local agent ready to help. Learn more about their property insurance and coverage areas online and call (808) 532-2888 for a free quote today.

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