Fine Art, Properties and Yachting
The fine art policy covers the total or partial loss of value of an artwork or collection or item of particular value (for example precious stones and jewellery). Fine art is an asset which has the potential for significant growth in value if properly managed and protected by the investment advisor or family office.
In a similar vein, the residential property policy covers the proprietor or tenant for all superficial or structural damage to the property as well as some or all of the goods within its perimeter. All events that could impair in part or in whole the value of the property or relevant goods within it can be covered, for , to all or selected goods that are inside or on the perimeter of the property, including robbery and theft.
It is the advisor’s responsibility to explain to the client that an uninsured asset runs the risk of value impairment independent of market factors. Besides real estate, yachts and their crew also need to be insured. Our Yachting policy offers a comprehensive, flexible and highly personalised coverage designed to cover the risks of damage to the vessels themselves and which can also be extended to cover the crew.