Tag: artwork insurance

Lack of art insurance leads to Banksy artwork seizures

H. Cutner
Art Insurance - Art Exhibit

The pieces by the world famous street artist have been seized by Belgian authorities due to a lack of coverage. Belgian authorities have seized artworks from the famous/infamous street artist, Banksy, due to a lack of art insurance from the exhibitor showing them. As soon as the authorities realized that there could be a coverage issue, they acted to remove the pieces from the location. The Banksy artwork had been on display in an exhibition held at an empty Brussels supermarket space. The 58 pieces of Banksy artwork are valued…

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Forms of insurance coverage not always considered by consumers

Though consumers are typically aware that they need homeowners’, renters’, and automobile insurance, there are other forms of coverage that can be offered by policies of which they may be entirely unaware unless they are highly knowledgeable about the various types of protection available. Some of them include: • Personal Electronic Equipment Insurance – this is a very practical insurance for consumers who have expensive electronic devices at home, such as televisions, audio equipment, or computers. It covers loss and damage and might even pay for repairs and replacement, depending…

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