Exhibition Insurance Covers You Financially
Exhibition insurance is something that any collector should consider
obtaining before displaying any of their priceless collectibles to the
public. This type of insurance covers you financially in the event that
something unforeseen happens to your collection or pieces of your
collections while the public is enjoying your possessions. This is a
popular form of insurance for those who own and operate art galleries
and automobile displays as well as coin and stamp collectors with large
viewing shops. You will be protected from a number of different things
including but not limited to natural disasters, theft, vandalism, and
even terrorism as long as you get the full coverage. You can apply for
temporary or permanent coverage based on your needs and your present
exhibition.
Exhibition insurance helps to save collectors
thousands and millions each year by protecting their most prized and
expensive possessions, while providing them with peace of mind and
security. You will be asked a number of questions about the location of
your exhibit which will include the following information, does your
facility have temperature control that operates all day and night, is
the facility securely locked and appropriately alarmed, is your exhibit
monitored by humans the entire time the public is present, are there
fire sprinklers and extinguishers in every room of the facility, and of
course is the exhibit viewing time limited or can the public access your
collections any time they wish. Answering these questions will help to
determine the cost and deductible on your insurance policy.
Exhibition
insurance covers most art in professional galleries, but will often not
be willing to cover the artists studio directly, or outdoor art
exhibits, or even exhibits that are located in facilities that the
insurance company deems to be not properly supervised or secured. Often
this type of insurance will also cover the exhibitor for liability to
the public as well as protection of their art or collectibles. In cases
where the art or collections are worth very large sums of money the
payout will obviously be larger so the amount you pay for the coverage
will be considerably larger than if the art was of lower value, with
this in mind you might consider which pieces you want to display and at
what times to ensure you are getting the most for your insurance Pounds.
insurance can save you millions of Pounds in losses and liability in
the event of a disaster while you are displaying your art or
collections. The exhibition facility can be protected from everything
from floods, break and enter, theft, and even acts of terrorism. You
can be awarded the full value of the missing or damaged pieces or a
portion depending on the coverage you selected. Talk to your insurance
agent today to see what they might have to help you keep your valuables
safe while you allow others to enjoy them. Not sharing your precious
art or collection may not be an option to covering yourself with
appropriate insurance can help you keep better and more secure in your
choice to share them.