Can You Buy Inland Marine Insurance for Your Fine Art?

Inland marine insurance is a specific type of property insurance that covers your property when it’s in transit. It’s often associated with commercial property, like tools and equipment, but it can extend to valuable personal property, like fine art, as well. As the name suggests, the insurance refers to land transit only, whether that’s by air, train, or truck.

If you live in Pembroke Pines, FL, and you need to move your fine art to a gallery for a few days or between states, you can use this coverage to protect property from damage or theft. We’ll look at how that works below, and how McCormick Insurance Inc. can help you secure your collection. 

What Does Inland Marine Insurance Cover?

Inland marine insurance typically covers you from theft and property damage. The coverage remains in effect while your property is being moved from one spot to another (e.g., from a truck to a train) as well as when it’s on the mode of transport. So, if a train’s rumblings results in a bent frame, a damaged corner of a painting, or a broken statue, you can file a claim for the damage. 

Why Invest in Inland Marine Insurance in Pembroke Pines, FL?

For many people, fine art is more than just an investment; it’s a personal statement. In addition, it’s common for those with fine art collections to loan them out, and each step of the transportation process is another chance for damage to occur. If you don’t want to take any risks, the staff at McCormick Insurance Inc. can give you more information about how this coverage works and when it’s necessary. Contact us for a quote or to learn more about inland marine insurance.