smART Collecting – Art Title Insurance

 

Art title insurance offers the benefit of protecting the legal title of your art pieces. This is a relatively new concept and it is achieved by insuring your title to an art piece at the moment of purchase. It works similarly to real estate title insurance by protecting you from fraud in an industry that is not yet highly regulated and where the provenance of art pieces may not always be easy to trace or ascertain.

Art title insurance allows you to be more comfortable in knowing who you are buying the piece from and its history. Theft and casualty insurance is also recommended in case of any damage or theft of the art piece, as is locating the proper place where the art can be held, protected, and conserved properly, with the right ambient conditions such as lighting, temperature, and humidity level.

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