How to insure Fine Art and Jewellery?

Fine art and jewellery are difficult to insure because they can be extremely valuable and many standard household insurance policies are not designed to cover them. A standard household policy may include some cover for jewellery but that could be limited to while you are in the home. The solution is to use a specialist high-value insurance policy to cover all of your contents correctly.

A specialist high-value policy can be tailored to your unique needs, so your fine art and jewellery cover will reflect your actual possessions rather than what an insurer thinks is in a standard house.

Should I list my jewellery and fine art?

With a specialist high value policy, you can specify your jewellery and fine art or just have one unspecified sum insured. Specifying your items will carry a lower premium and means there are no questions over the value in the event of a claim. In addition, unspecified cover will have a limit to the value of any one item.

How much should I insure for?

Correctly valuing your property can be the most difficult aspect of insuring fine art and jewellery. The values of precious metals and diamonds have increased over the past few years, particularly 3, 4 and 5 carat diamonds.

We recommend having your artwork and jewellery professionally valued and make sure your insurers have agreed to cover it for that replacement value. Specialist high-value insurers offer ‘Agreed Value’ on your fine art and jewellery if supported by an up to date valuation, meaning no quibbles in the event of a claim.

How do I take out specialist high-value insurance?

Speak to the Centor Private Clients team about your cover and we can then arrange suitable cover for you. For further information, speak to Richard McLeod (Private Clients Manager) on 020 7330 8725