Details of Fine Arts Property Insurance

Note: This is a summary only. It does not include all of the terms, coverages, exclusions, limitations and conditions in the actual insurance contract.

Permanent Collections

This policy covers paintings, etchings, drawings (including their frames, glasses and shadow boxes), rare books, manuscripts, rugs, tapestries, statuary and other bona fide works of art, or rarity, historic value or artistic merit. 

These items can be composed as follows.

  • Property of the insured
  • Property of others on extended loan to the insured for a period of a year or more
  • The insured's interest in the residuary gifts and jointly owned property, but only to the extent of the insured's interest at the time of loss or damage. The insurance applies to the items while they are displayed permanently and while in transit within and between the states of the United States, the District of Columbia and the Provinces of Canada.

All of the above items must be a part of the permanent collection. 

Domestic Exhibits

Property of the insured (or property of others loaned to the insured, which the insured has been instructed to insure) is covered on a "wall to wall" basis under the following circumstances:

  • From the time the property is removed from its normal location 
  • Until returned to its normal location or other point designated by the owner or owner's agent prior to return shipment
  • While in transit
  • While on exhibits in the the United States, the District of Columbia and the Provinces of Canada

Foreign Exhibits (International Transportation & Exhibition Coverage):

This coverage applies to the following situations:

  • The property of the insured
  • The property of others, which the insured has been instructed to insure
  • While at locations outside the United States, the District of Columbia and the Provinces of Canada
  • While in transit to and from places outside the United States, the District of Columbia and the Provinces of Canada
  • From the time the property becomes the responsibility of the insured
  • Until the insured's interest in such property ceases