Why Do I need to Insure Works of Art that I Own ?

With many individual art works or private collections today worth more than the average house it is prudent to have them insured and to have that insurance value upgraded regularly. Most New Zealand insurance companies recommend that a detailed written valuation of your assets over $1000 is carried out and requires these to be appraised by a professional valuer regularly.

Being under-insured affects the terms of all contents policies and it is the policyholder's responsibility to ensure that valuations are up to date. In the event of a claim, a detailed valuation has the added benefit of helping to ensure that a quick settlement can be made.

Whether you're an individual collector executor or the solicitor acting on behalf of an estate, it is advisable to have an accurate independent valuation carried out.

INDEPENDENT ART VALUATIONS LTD P O Box 2632, Christchurch 8140, NZ, Ph (03) 377 1435 or Mob (021) 071 5443