Is AXA XL the same as XL Catlin? XL Catlin Services SE is a CBI regulated and authorized intermediary, wholly owned by AXA XL. How much does it cost to insure artwork? Insuring artwork through
Is AXA XL the same as XL Catlin?
XL Catlin Services SE is a CBI regulated and authorized intermediary, wholly owned by AXA XL.
How much does it cost to insure artwork?
Insuring artwork through Progressive typically costs 1.5% to 2% of the individual piece you’re insuring. This means that a $20,000 piece will cost about $300 to $400 each year to insure. However, you need to contact them for the exact cost.
What does fine art insurance cover?
Fine Art Insurance covers a wide variety of art collections, from visual arts like paintings and sculptures, to rare books, historical artifacts, and archaeological specimens.
What does XL Catlin do?
We’re here to help your business move forward. With an incredible blend of people, products, services and technology, we’re looking at risk in a new way. From insurance to reinsurance, we can help you find innovative answers for a changing world. Powerful analytics, deeper insights, and market-leading technologies.
Where is Axa XL based?
Axa XL is an American subsidiary of global insurance and reinsurance company Axa. It is headquartered in Stamford, Connecticut, domiciled in Hamilton, Bermuda, and has more than 100 offices on 6 continents.
How do I insure my art work?
The first step to insuring your art collection is putting together provenance, or all the necessary documentation to prove that the work of art is yours and what it’s currently worth. These documents include proof of ownership, bill of sale, provenance, a replacement estimate, photographs and the most recent appraisal.
Is art covered by insurance?
Most homeowners insurance policies cover jewelry, art and collections the same as any other possession, subject to your policy’s deductible and coverage limits. Scheduled items are insured for their appraised value — the cost to buy the item at retail — rather than their depreciated value.
How do you value fine art?
Several factors determine the value of fine art—the size of the edition (that is, the number of prints the artist makes of one work), the significance of the work, the condition of the print, and whether it is signed and numbered by the artist. In the prints market, it is a rarity that bestows value.
How does art insurance work?
If your art or collectibles are damaged or stolen, file a claim with your insurance company. If it’s covered, your insurer may reimburse you for the cost of repair—or if lost or stolen, for the cost of replacement based on your insurer’s valuation.
When did XL buy Catlin?
In May 2015, the company completed acquisition of Catlin Group for $4.1 billion in cash and stock.
Is AXA the same as equitable?
In 1991, French insurance firm AXA acquired majority control of The Equitable. In 2004, the company officially changed its name to AXA Equitable Life Insurance Company. In January 2020, it changed its name to Equitable Holdings, Inc. following its spinoff from AXA and the related public offerings beginning in May 2018.