Art collectors pride themselves with possessions of exquisite value and you want the same to have the best protection available. A general advisor would lack capability to advice you on access to fine art valuation services, advice on security and fire prevention consultancy or help in planning assistance for art collection management services including transportation, storage and conservation leaving any protection inadequate. When you seek help from EDIFY for Fine art and collectible insurance you can expect help on additional services like home repair agencies, appropriate security agencies & other Service providers to find the best insurance before buying the right insurance cover for your precious collections.
Insuring at the Correct Value
Having professional and competent art valuation ensures that you do not risk inadequate coverage protection on your valuable art. What more than having the best, whose valuation will also be acceptable to the insurers providing the insurance for your collections.
Repair, Replacement or Settlement
You need flexible indemnification solutions for your fine art and collections. The best of the indemnity covers provide you with a choice to undertake a repair, seek a replacement for the pair and set or go for an outright settlement of the loss of the collection.
Loss of Market Value Cover
When your collection goes through a partial damage which can be restored or repaired, it may to bring it back to its original glory and uniqueness. Despite the best restoration effort, a loss of market value is inevitable and your insurance should indemnify you for the loss you incur.
Pair and Set Cover
Collections are often bough in pairs and sets. Loss of one of the set pieces or pair can lead to complete loss of value of the art or collection in question. Your insurance should provide an unquestioned cover for pair and set loss with option for total indemnification.
It is not good enough to find the insurer providing you with the indemnity you need. You would like a partner which can help you with vulnerability assessment to reduce the uninsurable wear and tear, cataloguing of collection and transit supervision for safekeeping.
Automatic New Acquisition Cover
Your insurance should recognise your need to keep your collection safe including your new acquisitions from the time you add them to your collection. You can negotiate automatic cover for new collections for ensuring risk free transit and loss indemnity from the word go.
Insurance for classic and vintage cars can cost about 40% less than a traditional auto policy despite having specialised feature covers. The rates are usually less as classic cars are not used for everyday use as a Luxury car would. To buy the most optimal insurance cover a Classic or Vintage car must be kept enclosed in a garage, not used as your daily vehicle, and be in good working condition.
Choice Of Valuation
Classic and Vintage cars are prized assets where the value can change over time. Given this peculiarity of the collection such cars can be insured at an appraisal based agreed value for adequate cover. Most antique specific insurance coverage has the OPCF 19A endorsement.
Breakdown And Laid Up Cover
Specialised cover not only protects you for accidental breakdowns but for laid up risk. This protect your classic car in the event of accidental damage, or fire and theft, including spares and accessories in storage, while your vehicle is off the road being restored, in transit or being exhibited.
Have a Classic protection Cover
Your insurance plan should cover the cost of any original replacement parts and specialised labour, so that your cars remains a classic after repair. Financed vehicle should have a gap insurance to cover the difference between fair market value and what you still owe on the car.
Luxury yacht ownership signals your entrance into an unrivaled lifestyle of luxurious style and comfort. With your desire for carefree living you need a personalized, comprehensive yacht insurance, tailored specifically to your vessel and navigational plans. We know luxury yachts, and more importantly, we know luxury yacht insurance. You would not want any less to protect your significant financial investment. You wouldn’t visit a general practitioner for heart surgery, nor should you trust the liability of your luxury yacht to a general consulting firm.
Choice Of Valuation
You can agree on a fixed insurance sum with you or for a Market value cover with the insurers as per your choice. A fixed value cover reimburses you a cost of equivalent new vessel in the event of total loss which can also go toward replacement of an older yacht also.
Hull, Mast, Rigging & Sails
A Yacht coverage should not restrict itself to a physical damage, liability and war. The best of the covers would include an extension for loss of mast, spars, sails and rigging apart from the boat damage. The covers should not differentiate both two handed or single handed sailing.
Personal Accident Cover
An accident cover for yachts is specialised and wide. It provides coverage for death, temporary total disablement, medical expenses and repatriation from safe port back to country of domicile. Coverage can be provided for single-handed, double-handed or fully crewed racing events.
Tender And Racing Covers
While social racing is an automatic cover, for those times when you want to challenge yourself and your yacht in competition you may include offshore racing options. Insurers automatically cover your tender, including giving a choice of optional covers like observers' and water skiers' cover.
Third Party Liability
A boat insurance provides cover for damages that the owner, guests or crew have caused against a third party while using the vessel. Risk of crew claims against skipper and other crew, emergency services and coverage to damage caused by parties not insured can also be covered.
Buying specialised cover for your yacht is never enough. You can find wider coverage for your yacht including covers for Wreck Removal, Storm and Hurricane Haul Out or damage due to Pollution Spill. When you work with specialists you can afford the best one can buy for their yacht.