The Dos and Don’ts of Art Protection
By
Janet Fries and Katherine Howard-Fudge
DO:
- Take preventative steps
- Stay up to date on natural disasters and monitor risks in your area, such as hurricanes, floods and fires
- Create an inventory of your artworks
- Keep high resolution images of your art
- Create emergency plans in advance of natural disasters
- Follow your insurance provider’s storage and protection requirements
- Invest in the proper glass, frames and/or pedestals for your artworks
- Invest in blinds, shades, and/or other window coverings
- Establish and maintain contacts at art storage and shipping facilities
- Obtain appraisals from certified appraisers
- Update your insurance policy periodically with the most recent valuations
- Elevate stored artwork to prevent water damage
- Monitor temperature and humidity levels
- Have custom crates for your more valuable, fragile and/or uniquely shaped pieces
- Consult with specialists
- Obtain fine art insurance (rather than adding a schedule to your homeowner’s coverage) if your collection is valuable and/or extensive
DON’T
- Wait until an emergency strikes
- Store all art the same way in the same place
- Keep inventories and images in the same location as the art
- Transport your art without proper crating or other packaging and insurance
- Assume your location is risk-free
- Assume home insurance policies are sufficient for your collection
- Store your art on the ground level or below ground
- Rely solely on consignment agreements for ownership
- Skip regular appraisals
- Assume all damage is covered by your insurance
- Assume all inherent vice is protected under a fine art insurance policy