What Is Art? Well, If It’s Valuable It Needs to Be Properly Insured
The I.I.I. Offers Tips for Insuring and Caring for Your Fine Art
December 22, 2010
INSURANCE INFORMATION INSTITUTE
New York Press Office: (212) 346-5500; media@iii.org
NEW YORK, December 22, 2010—Regardless of whether you are purchasing your first piece of art or adding to an existing collection, proper insurance is essential in order to financially protect your investment in the event it is lost, stolen or damaged, according to the Insurance Information Institute.
New York Press Office: (212) 346-5500; media@iii.org
NEW YORK, December 22, 2010—Regardless of whether you are purchasing your first piece of art or adding to an existing collection, proper insurance is essential in order to financially protect your investment in the event it is lost, stolen or damaged, according to the Insurance Information Institute.
As the U.S. economy begins to recover slowly from a severe recession, it is clear that interest in quality art works of all types is high. The recently concluded Art Basel show in Miami Beach, for example, drew 46,000 attendees—up from 42,000 in 2009.
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