Protect Your Art Inventory Through Art Show Insurance
It is surprising to know that there are artists who know nothing about artist insurance. Yet, is it supposed to be their own concern to insure themselves and their art works considering the high risks involved when they are on shows or exhibits. Insurances are provided to guarantee the recovery of the true value of an artist’s works which may be subjected to hazards of fire, terrorism, theft vandalism, flood and other fortuitous events. An artist must never be complacent when it comes to securing his art works because these are made of highly combustible materials like thinners, paints, canvas materials, brushes and even wood crafts used for the frames. Aside from the fact that these materials can be easily washed out or burned, it is also a hot item for theft and robbery because of the high price of paintings in the markets nowadays.
For an artist to get all of his works insured, he must list them down in a separate logbook and leave a copy somewhere safe so that in the event that all the pieces are razed by fire or the copies lost, a reference can still be used to trace what items were covered and how much value are placed on each item. An insurance company needs to get exact written inventory of the artists in a particular event and this may also cover for the works that are yet to be finished. The artist can buy an art show insurance policy that will cover for the completed items and artworks with the value of net sale price. In an art display event, an artist must also include in the lists to be insured all kinds of equipment and materials that he uses for production. Finally, an artist should always get an insurance policy from a reputable company to avoid being scammed.
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