Find the Best Fine Art Insurance

in New Jersey

Should You Insure Your Treasured Art Collection?

Many collectors assume their standard homeowners, renters or flood insurance covers the fine art in their homes. While these property insurance policies will include some reimbursement for damaged, lost, or stolen art, it’s unlikely that the full value of a precious art collection will be recovered using property insurance alone. Fortunately, fine art insurance in New Jersey offers more complete coverage, whether for a single high-value work of art or an entire collection.

There are multiple reasons a property insurance policy may not provide enough insurance for the fine art in your home, including:

  • Deductibles, limits and exclusions related to the artwork or incident involved
  • Caps restricting total reimbursement in one category such as fine art or jewelry
  • Outdated or unqualified appraisals
  • Failure to maintain inventory records
  • Broadening trends in the art world, such as moving parts and electronics

It’s important to check your policy against the value of your collection. If the reimbursement offered by your homeowners insurance is not enough to cover potential losses, get advice about insuring fine art from a New Jersey insurance specialist.

Is your collection at risk without artwork insurance?

  • Most fine art insurance claims result from damage during transport.
  • Artwork, often lighter in weight than other valuables in the home, can be easily stolen.
  • Valuation changes rapidly in the art world, making it difficult to properly assess and fully recover losses through non-specialized insurance.

Work with an Independent Insurance Agent near You!

Insurance for Art, Because Accidents Happen — Even in World-Class Art Museums

  • 2006 – Three Qing Dynasty vases on display at the Fitzwilliam Museum in England were shattered into hundreds of pieces when a man tripped downstairs into one vase, causing a domino effect that destroyed all three. Sadly, the museum did not carry fine art insurance on the fragile 300-year-old vases, so it was not reimbursed at all after this astronomical loss.
  • 2010 – A student on a guided tour at New York’s Metropolitan Museum of Art stumbled into a Picasso painting, ripping and denting the 100-year-old canvas. Three months later, a costly repair returned the painting to its former glory, but with a new assessed value around half its original appraised amount. Lucky for the Met, their insurance not only covered the repairs but also included a diminution in value* clause. *New Jersey fine art insurance policies for private collectors can also include coverage for diminished value after a repair. Be sure to ask your agent!
  • 2015 – At the Loggia dei Militi Palace in Italy, tourists posing for a selfie dislodged the crown from the marble Statua Dei Due Ercole. The piece crumbled to the ground, permanently marring the early 18th century masterpiece. Reports do not mention whether the statue, which stood regally under a portico for centuries, was insured at the time of the careless tourists’ mishap.

While your personal art collection may be worth somewhat less than the hundreds of thousands these museums lost, yours holds value all the same. Think about the potential for damage, loss or theft of the artwork in your home. Anyone who has experienced a burglary or accidental damage would surely recommend insuring fine art just as you would any treasured possession.

When deciding on the best fine art insurance policy for your New Jersey art collection, comparing multiple quotes gives you an advantage. An independent insurance agent can help you navigate the art insurance plans and options available from multiple carriers so you can choose a policy with confidence.

Customize the Best Artwork Insurance in New Jersey for You...

Why Choose an Independent Insurance Agent?

  • Independent agents provide personalized service and advice
  • You can have all your insurance needs managed under one roof
  • Local agents can ensure that your policy is competitively-priced

Find an independent agent in New Jersey

My son just got his license so we wanted to bundle the packages for the insurance together. I called some companies directly and I also tried an independent agent but the cost wasn’t good enough. The Trusted Choice agent gave me the best price and he was also very nice. He was great and I recommended him to somebody else. I will tell my friends to go for it if they ask. In the end, we’re all looking to save some money since insurance is getting higher and higher.

five star review Joe of Mount Holly, NJ Consumer Affairs

Valuing Your Fine Art Collection

The first step in insuring artworks will be a current, qualified appraisal. An independent agent can help you inventory and assess the value of your art pieces, and help you find the appropriate New Jersey fine art insurance coverage for a single high-value piece or your full collection.

Top Insurance Companies That Support Independent Agents in New Jersey 

There are currently 485 independent insurance agents in New Jersey who are ready to help. These agents can save you time and money by helping you find competitively priced coverage that is well-suited to meet your specific coverage needs. Talk to an insurance agent near you to learn more and to start comparing customized fine art insurance quotes.

Why go Independent

Why Go Independent When Looking for Insurance?

  • Local agents know your community
  • Multiple quotes from one agent
  • Get more value for your money