Fine Art Insurance Calculator

The location rate is a flat per-$100 figure that differs by setting: $0.15 for a home with alarm and climate control, $0.50 for a gallery, and $0.35 for a museum. Museums land below galleries in this model despite comparable foot traffic because they're assumed to carry stronger dedicated security and environmental controls than a typical commercial gallery.

Each traveling exhibition adds a flat $200 plus 0.05% of your total collection value, and this transit premium is calculated completely separately from — and added on top of — the discounted base premium. It isn't reduced by your appraisal credit or deductible credit, since transit is considered one of the highest-risk periods regardless of how well the collection is otherwise documented or insured.

An agreed-value policy pays out the full scheduled value for a covered loss with no depreciation deducted, unlike standard property insurance which typically pays actual cash value. That's why this calculator prices premiums directly off your entered Total collection value — the insurer is effectively guaranteeing that number as the payout basis, so keeping your appraisal current matters for both the payout and, per the appraisal credit, the premium itself.

The appraisal credit is a flat 5%, and the deductible credit scales with your deductible relative to collection value, capped at 20%. They multiply together on the base premium — for example, the maximum deductible credit combined with the appraisal credit gives (1 − 0.20) × (1 − 0.05) = 0.76, a 24% total reduction on the base premium, though this doesn't touch the separately calculated transit premium.