Disaster has struck. Have you minimized your risk of having your claim denied or reduced?
As a responsible art collector, you buy fine arts insurance coverage to protect your investment. Yet having insurance and getting a claim approved are two separate issues.
Insurance is there to cover the unexpected. You don’t need to wait for the unexpected to take steps that will ease the claims process. Some of the most significant actions that impact coverage occur before catastrophe strikes.
Make smart choices about your paperwork
Your starting point is having all the expected documentation. Needed documents include proof of ownership, bill of sale, provenance, certificate of authenticity, appraisal reports, and photos. All of these can be digitized and easily accessible in an art collection management system like Artwork Archive.
Mishandling or mismanaging your paperwork can result in a claim denial or low payout.
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