The best fine arts and jewelry insurance provides flexible, worldwide coverage designed around the unique needs

of collectors. Here are some of the coverage highlights you can expect from a high-quality policy:

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• Worldwide protection, zero deductible: Enjoy your valuables anywhere, worry-free. You can wear your jewelry or display your art globally, knowing it’s protected against most types of loss with no deductible in most cases. Whether a necklace is stolen abroad or a sculpture is damaged during shipping, you’re covered without any out-of-pocket cost.

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• Automatic coverage for new acquisitions: Your insurance keeps up with your collecting. If you acquire a new piece – say you purchase a new painting or are gifted a rare watch – it’s typically automatically covered for up to 90 days (for about 25% of your existing coverage) before you even report it. This grace period means your latest treasures are protected from day one, giving you time to formally add them to your policy.

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• Protection for rising market values: Fine arts and gemstones can appreciate quickly. With specialized coverage, if an item’s market value has increased beyond your insured amount, the policy can pay above the scheduled value – often up to 150% of the insured amount – to reflect the current market value. This buffer ensures you won’t be caught underinsured if the value of a painting or jewel has grown since you last appraised it.

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• Agreed value, full cash payout: No haggling or depreciation in the event of a total loss. Insurers will work with you upfront to set an agreed value on each significant piece. Then if that item is completely lost or destroyed, you receive 100% of the agreed value as a cash settlement. You have the freedom to use that payout however you wish – replace the piece, restore it, or simply keep the funds – and you won’t be forced to accept a “replacement” of lesser worth.

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• Flexible scheduling or blanket coverage: Policies are tailored to how you own your collection. You can itemize high-value pieces individually or cover your entire collection under a blanket limit – or do both. This flexibility lets you ensure each item is appropriately covered. For example, you might schedule your most valuable painting and heirloom ring, then use blanket coverage for a group of lower-valued pieces, all under the same policy.

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• Minimal appraisal requirements: Obtaining coverage is easier than you might think. You typically don’t need professional appraisals for every item – only for exceptionally high-value pieces. Many premium insurers only require an appraisal if an individual item is valued above a certain threshold (often around six figures). For most items, a detailed description and estimated value are sufficient to get them insured. This means you can protect your valuables without delay or red tape, while still ensuring the coverage amounts reflect their worth.

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• Coverage for loaned or in-progress items: Unique situations are taken into account. Even pieces on loan or consignment, or works of art in the process of being created/restored, can be covered by the right policy. So if you’re borrowing a rare painting for your home, sending a sculpture out on exhibition, or commissioning a custom jewel or artwork, you can rest assured these items are protected during those arrangements as well.