Overview
Thailand Personal Collections Insurance
For individuals who have curated a personal art collection, ensuring comprehensive protection against loss, theft, or damage is essential.
CCW Global and our Thailand Insurance Partners are able to source premium Personal Collection Art Insurance plans for collectors, delivering robust coverage tailored to safeguard your valuable pieces against a wide range of potential risks.
Policy explanation
What is Personal Collections Art Insurance?
Personal Collections Art Insurance plans in Thailand are specifically designed to protect valuable private collections. Whether you’ve built a collection of rare or high-value items, this coverage ensures you're safeguarded against theft, loss, or damage.
Importantly, coverage isn’t limited to the examples listed on this page; unconventional or unique collections can also be considered for insurance on a case-by-case basis at the discretion of the underwriters.
While every collection is different, most Personal Collections Insurance policies typically cover items such as:
Fine Art and Paintings
Antique Furniture
Sculptures
Vintage Cars
Musical Instruments
Rare and Valuable Memorabilia
Jewellery and Watches
Wine
Coverage
Personal Art Insurance Benefits
Loss or Damage of the Collection
With this type of insurance plan in Thailand, your collection is protected against physical loss or damage while located in your home, including coverage for eligible expenses related to any such incident.
A Thailand Personal Collections Art Insurance policy can also extend the same level of protection if your collection, or any part of it, is temporarily relocated; either elsewhere in Thailand or overseas. Coverage applies globally (on a worldwide basis) provided that appropriate precautions are taken to transport the works, and then store the items securely at their secondary location.
Temporary 60 Day Coverage
A Personal Collections Art Insurance policy in Thailand will also normally cover newly acquired items against physical loss or damage. To activate this protection, policyholders must notify the insurer within 60 days of the purchase of a new addition to their collection, and pay any applicable additional premium.
Defective Titles Protection
One of the greatest concerns for collectors of high-value art is the risk of losing a treasured piece due to a disputed, defective, or missing title from the original seller. As the value of fine art continues to rise, incidents of contested ownership are becoming increasingly common.
Under a Personal Collection Art Insurance policy in Thailand, you can receive protection for the amount you paid, if you're legally required to surrender a piece due to the seller’s lack of valid title. This coverage also extends to any undisclosed charges or encumbrances placed on the artwork before your purchase, ensuring your investment is safeguarded against unexpected legal complications.
Coverage against the Death of the Artist
Under a Personal Collections insurance policy in Thailand, if an artist whose work is part of your collection passes away (resulting in an increase in the value of their art) you may be covered for up to 100% of the updated value in the event the piece is subsequently lost or damaged.
This coverage is available provided you can supply an independent valuation, dated within the past three years, that verifies the increase in value beyond the originally agreed amount at the time your insurance policy was purchased.
Quotation
Thailand Personal Collection Insurance Consultations
If you would like to request a free consultation for a Personal Collection Art Insurance plan in Thailand form CCW Global or one of our local partners, simply complete the short form located here.
You can also learn more of Art International Insurance products by Contacting Us Today.
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