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Fine art and Valuables Fine art and Valuables

The policy is ideal for HNIs who have valuable and unique personal assetslike paintings , jewellery , expensive watches , work of art.

These items have the unique requirement whilst insuring them / nature of losses
  • The valuation, especially of paintings
  • Inadequacy of documents
  • Probability of pure accidental damage is more than AOG (act of god) or burglary/theft
  • A precious item may be just misplaced like a small diamond, it may not have been stolen
  • A servant whilst cleaning the expensive vaaz, had broken it

Tata AIG offers solution for all the above.

Coverages

Newly acquired items cover

  • Newly acquired items covered for a period of 60 days upto 25% of the invoice amt or Rs 40,00,000 whichever is less without paying a premium.

*Full Cover for Pairs and set

  • The client can choose to replace or repair the damaged item OR Give the damaged piece and claim that amount OR Give the remainder of the set and claim the entire set amount OR Claim the amount for the one lost piece OR Restore at your will and claim the expenses from us.

*Art restoration and loss of market value cover

  • In the event of the claim the PCG will arrange to restore your paintings also and the charges for restoration will be reimbursed to you.

Further The cover is also available for loss of market value due to restoration.

No need to cover paintings & valuables ( other than jewellery) for transit insurance.

  • It is inbuilt in the cover

*No need to cover paintings & valuables ( other than jewellery) for transit insurance.

*Claim

The dedicated claim team will ensure that the settlement is at par with the satisfaction of the client. The deductible /excess in the policy is Rs 20,000 in case of Jewellery and NIL in case of paintings

*Services
  • Round the clock
  • Art collection management
  • Property appraisals
  • Dedicated team of professionals at your door step
  • Risk management services
  • Pannel of art experts and restorers
*Agreed Value policies
  • It is a known fact that value of fine art & valuables fluctuates a lot
  • Value at the time of taking policy ( policy value) and value at the time of claim will be invariably different which may result in under insurance.
  • But in agreed value policies , the sum insured is agreed up on at the of taking the policy & at the time of claim no comparisons will be made between the polciy value and the value at the time of claim.
  • Dedicated team of professionals at your door step
  • Risk management services
  • Pannel of art experts and restorers

*All of the above is also assisted with opening up of global network of Private Client Group (PCG) across the globe.

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