Art works such as statues, paintings, monumental works, drawings, etc. are priceless. The loss of value due to physical damage during transport or handling can be enormous. The risks are related to poor practices such as inadequate packaging, poor foam or poor storage conditions.
Whether you are a gallery, a museum, a collector, a private individual or an artist, it is not compulsory to take out insurance if you are already covered by your conventional insurance in your basic contract. In this case, remember to check the amount up to which you are covered and the existence of references such as the guarantee of the work during the transport by a professional or the coverage of your works according to the mode of transport (road, air or sea).
If this is not enough, you can take out insurance tailored to your project, such as comprehensive insurance:
Nail-to-nail insurance: the guarantee covers the art work from point A, the place of collection, to point B, the place of exhibition, including transport, handling, storage in warehouses and on the exhibition site.
“Simple stay” insurance: the work is insured only on the place of the exhibition.
In this case, you can also take out Ad Valorem insurance.
Ad Valorem insurance: Ad Valorem insurance, which means “according to value”, covers the actual declared value of your property or art work in the event of loss or accident.
As a carrier, Bovis Transports has the possibility to subscribe it directly with an insurance company.
In accordance with the LOTI law, the liability is limited to 23 €/kg, without being able to exceed 750 kg per parcel (refer to the general conditions of sale).
It is essential to insure yourself as soon as you ship an art work or a valuable item that exceeds the limits of liability.
For any transport of art works, it is recommended to use a company specialising in the transfer of art works and having expertise in the area.
As a partner of art professionals, Bovis Fine Art can provide you with contacts capable of advising you and establishing a complete estimate including the best options to ensure the safety of your works throughout your project.