Comments on: Insuring Art: Not Just For Millionaires Anymore http://www.punny.org/money/insuring-art-not-just-for-millionaires-anymore/ Adding a punchline to your bottom line Tue, 07 Oct 2008 05:59:29 +0000 http://wordpress.org/?v=2.6.2 By: Helping Your Wallet Survive a Science Fiction Convention | Punny Money http://www.punny.org/money/insuring-art-not-just-for-millionaires-anymore/#comment-186570 Helping Your Wallet Survive a Science Fiction Convention | Punny Money Tue, 27 May 2008 21:45:51 +0000 http://www.punny.org/money/insuring-art-not-just-for-millionaires-anymore/#comment-186570 [...] and crafts and auction prizes. We do, however, tend to go a little overboard in this area. Tonight was a charity auction that gave away all sorts of stuff I don’t need, [...] [...] and crafts and auction prizes. We do, however, tend to go a little overboard in this area. Tonight was a charity auction that gave away all sorts of stuff I don’t need, [...]

]]> By: Stephen Smith http://www.punny.org/money/insuring-art-not-just-for-millionaires-anymore/#comment-158041 Stephen Smith Sat, 16 Feb 2008 22:44:46 +0000 http://www.punny.org/money/insuring-art-not-just-for-millionaires-anymore/#comment-158041 This is a great, informative post. I would expand the advice to cover not only what we normally consider as artworks, but antiques as well. In my area of specialty--vintage radios and phonographs--I see many people who pick up an old radio or record player at a flea market or yard sale, put work into restoring it and bringing it back to life, and in the process turn it into quite a valuable item, money-wise. Then they never get appropriate insurance for it, it gets stolen, and they can never recover its true full value. Sad -- and so unnecessary. This is a great, informative post. I would expand the advice to cover not only what we normally consider as artworks, but antiques as well. In my area of specialty–vintage radios and phonographs–I see many people who pick up an old radio or record player at a flea market or yard sale, put work into restoring it and bringing it back to life, and in the process turn it into quite a valuable item, money-wise. Then they never get appropriate insurance for it, it gets stolen, and they can never recover its true full value. Sad — and so unnecessary.

]]> By: B Harness http://www.punny.org/money/insuring-art-not-just-for-millionaires-anymore/#comment-155906 B Harness Tue, 12 Feb 2008 16:47:37 +0000 http://www.punny.org/money/insuring-art-not-just-for-millionaires-anymore/#comment-155906 I was watching Antiques Road Show the other night and saw people who had picked up items at yard sales that turned out to be very valuable. My own collection consists of items which are important to me, but, I assumed, of little interest to anyone else. Now I'm not so sure. This is definitely something I'm going to call my insurance company about. I was watching Antiques Road Show the other night and saw people who had picked up items at yard sales that turned out to be very valuable. My own collection consists of items which are important to me, but, I assumed, of little interest to anyone else. Now I’m not so sure. This is definitely something I’m going to call my insurance company about.

]]> By: Jerry http://www.punny.org/money/insuring-art-not-just-for-millionaires-anymore/#comment-139669 Jerry Fri, 11 Jan 2008 04:28:01 +0000 http://www.punny.org/money/insuring-art-not-just-for-millionaires-anymore/#comment-139669 I'm so glad I came across this post! My wife and I picked up a piece of turn of the 20th century french painting at a thrift store for $25. We love it and have wanted to take it on Antiques Roadshow. I've thought about getting insurance for it and very well may do it now after reading this. Of course, we have to get it appraised, etc. But, if anything happens we know what it's worth. And, if we ever end up selling it we'll know what it's worth! Jerry www.leads4insurance.com I’m so glad I came across this post! My wife and I picked up a piece of turn of the 20th century french painting at a thrift store for $25. We love it and have wanted to take it on Antiques Roadshow. I’ve thought about getting insurance for it and very well may do it now after reading this. Of course, we have to get it appraised, etc. But, if anything happens we know what it’s worth. And, if we ever end up selling it we’ll know what it’s worth!

Jerry
http://www.leads4insurance.com

]]> By: Michael http://www.punny.org/money/insuring-art-not-just-for-millionaires-anymore/#comment-97257 Michael Fri, 21 Sep 2007 02:20:34 +0000 http://www.punny.org/money/insuring-art-not-just-for-millionaires-anymore/#comment-97257 Very good advice! Shop around for a good home insurance policy and the savings you'll make buy finding the best deal will cover the extra cost of insuring your art collection. Very good advice! Shop around for a good home insurance policy and the savings you’ll make buy finding the best deal will cover the extra cost of insuring your art collection.

]]> By: Nick http://www.punny.org/money/insuring-art-not-just-for-millionaires-anymore/#comment-48609 Nick Wed, 21 Feb 2007 03:47:02 +0000 http://www.punny.org/money/insuring-art-not-just-for-millionaires-anymore/#comment-48609 I priced a few policies with art insurance-only companies, but they generally wanted $3+ per $1,000 or would only cover collections worth $50,000 or more. This is probably the best option for people with <i>real</i> collections. I just tacked on a rider to my homeowners insurance for about $1 per $1,000. Before we owned a home, we had similarly priced coverage with our renter's insurance. I priced a few policies with art insurance-only companies, but they generally wanted $3+ per $1,000 or would only cover collections worth $50,000 or more. This is probably the best option for people with real collections.

I just tacked on a rider to my homeowners insurance for about $1 per $1,000. Before we owned a home, we had similarly priced coverage with our renter’s insurance.

]]> By: Clever Dude http://www.punny.org/money/insuring-art-not-just-for-millionaires-anymore/#comment-48607 Clever Dude Wed, 21 Feb 2007 03:13:15 +0000 http://www.punny.org/money/insuring-art-not-just-for-millionaires-anymore/#comment-48607 You're back from the dead! I consider my body as art, but no one will insure me. Not sure why. Are there companies who specialize in art insurance or do you just go through your homeowner's insurance? You’re back from the dead!

I consider my body as art, but no one will insure me. Not sure why.

Are there companies who specialize in art insurance or do you just go through your homeowner’s insurance?

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