Collections

Top Causes of Fine Art Claims


We are always looking for ways to help you protect your valued assets. One way we do this is by analyzing past claims. When we reviewed the fine art claims endured by our policyholders, we learned a valuable lesson: the majority of losses could have been prevented.

Get the facts

Most collectors insure their art to protect it from occurrences such as fire, flooding or theft. However, based on AIG's claim activity from 2016-2020, more than 60 percent of losses are caused by breakage and accidental damage.

We’re here to help

In addition to robust insurance coverage, we can help you preserve the value of your collection and keep it out of harm’s way. Our in-house art collection managers offer comprehensive services ranging from emergency planning to shipping recommendations. 

For more information, please contact your independent insurance advisor or visit www.privateclientselect.com