Emma Patrick’s Post

Owning higher value pieces in your property naturally comes with more risk and a need for protection; we value our property and vehicles with insurance, so why run the risk of not adequately protecting your fine art, whether a collection or individual pieces? This blog post discusses Fine Art insurance and why it should be considered…. https://lnkd.in/ecJFY4yr #fineart #fineartinsurance #riskworks #privateclient #cheshire

The Essentials of Fine Art Insurance When you think of Fine art, you may immediately think of paintings by Van Gogh, Picasso, or Michelangelo that can be seen in museums worldwide. But there are many other types of Fine Art, not just paintings you may have in your possession, such as contemporary sculptures, rare books, prints & photographs, drawings that have been purchased over the years or gifted by family, that now hold higher values since they were purchased, not just monetarily but also emotionally to the owner. Read more in our 'Essentials of Fine Art Insurance' below: https://lnkd.in/ecJFY4yr #fineart #fineartinsurance #insurancesolutions #riskworksinsurance #cheshire

Building works planned? Make sure you have the correct insurance cover in place. https://lnkd.in/e86GpMjG #riskworks #insurancesolutions #renovations #buildingworks #cheshire

Review your insurance needs and any existing cover for your collection. Many traditional home insurance policies will provide general contents cover of items in your property; however, reviewing and understanding what cover is in place for higher-value items such as wine collections is essential.  A more specialist home insurance policy will realise the potential risks and values associated with wine collections and provide additional cover. It is necessary to keep track of your collection with the appropriate documentation to ensure the valuation of your collection is aligned with the cover being provided; if not, you could be underinsured. https://lnkd.in/e6KMyJ9V #winecollections #wine #specialisthomeinsurance #wilmslow #cheshire #riskworks

Appraisal and Documentation To ensure accurate cover, wine collectors must maintain meticulous records and documentation of their collection and understand the potential value of replacement. This includes keeping detailed records of each bottle, including its provenance, purchase price, current market value, and any appraisals or certifications. By providing this information to your broker, collectors can help establish the actual value of their wine collection and ensure that it is adequately protected under their policy. https://lnkd.in/e6KMyJ9V