Sep 26 2025 15:55
Insuring the Irreplaceable: Fine Art, Jewelry, Wine & More
Protecting Priceless Treasures: Fine Art & Specie Coverage Explained
When it comes to valuable assets, standard insurance often isn’t enough. Fine Art & Specie insurance is designed specifically for individuals, families, institutions, and businesses who own or manage high-value property that demands specialized protection. From rare paintings to classic cars, this type of coverage goes far beyond traditional policies to safeguard assets against a wide range of risks.
What Is Fine Art & Specie Insurance?
Fine Art & Specie coverage provides all-risk protection for items of exceptional value, including coverage for:
- Stay Risk – Protection while assets remain at a fixed location, such as a gallery, museum, or private residence.
- Transit Risk – Coverage while items are on the move, whether traveling to an exhibition, auction, or private sale.
- All-Risk Coverage – Comprehensive protection against physical loss or damage, including theft, fire, accidental damage, and more.
Unlike standard property insurance, Fine Art & Specie policies are highly customized. They account for the unique risks that high-value assets face and can be tailored to cover both individual pieces and large collections.
Coverage Limits & Premiums
- Capacity: Up to $300 million per risk
- Admitted Minimum Premium: $1,000
- Surplus Minimum Premium: $5,000
- No maximum limits
This flexibility makes Fine Art & Specie insurance scalable, whether insuring a single rare item or an entire multi-million-dollar collection.
Who Needs This Coverage?
Fine Art & Specie insurance is ideal for a wide range of clients, including both private individuals and institutions. Risks covered include:
- Private & Corporate Collections
- Galleries & Private Dealers
- Trusts & Estates
- Museums & Foundations
- Exhibitions
- Antique Dealers
- Auction Houses
- Wholesale & Retail Jewelers
- Artists & Conservators
- Personal Jewelry Collections
- Wine Collections
- Coin & Precious Metal Dealers
- Gun & Camera Collections (in safe)
- Stamp Collections
- Musical Instruments & Dealers
- Classic Cars (static risk only)
Why It Matters
For collectors and institutions, the financial value of fine art and specie assets is only part of the equation— they hold history, passion, and personal meaning which is equally irreplaceable. A broken frame, a shipping mishap, or an unforeseen disaster could cause a devastating loss. Fine Art & Specie coverage ensures that when the unexpected happens, your clients have the protection and peace of mind they need.
Application Requirements
To get started, we’ll need:
- A completed Acord Application
- A Supplemental Application
- A Statement of Values or SOV(if a collection is being insured)
