
Topic
How Art Insurance Works: Protecting a Collection
An art insurance policy is a contract like any other: premium in, defined promise out, and a claims adjuster testing the wording after a loss.

An art insurance policy is a contract like any other: premium in, defined promise out, and a claims adjuster testing the wording after a loss.

Galleries typically keep 25 to 50 percent of a sale, and consignment keeps ownership and risk with the artist until a buyer pays.