Art insurers preparing for busy New Year following 2011 art market boom

"Scott Brady, leader of insurance brokerage DeWitt Stern's operations in California, reported good news and more good news for collectors who have recently acquired artwork form the Elizabeth Taylor Collection or other 2011 event. First, art insurance policies that are separate from conventional property insurance are not that expensive. Rates vary, but the cost for insuring a half-million dollars of art is often less than $500 a year. Second, unlike most auto insurance policies, it is fairly easy to negotiate special clauses that match the particular needs of individual art owners."  [Read Full Article]

Published by:  Examiner
On:  12/20/11
Website:  http://www.examiner.com

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