Calculate Art and Jewellery Insurance Premium

Calculate Art and Jewellery Insurance Premium

Many people often ask questions about insurance premium rates for art and jewellery coverage. 

A professional art and jewellery insurance policy should cover on a worldwide basis including but not limited to fire, water damage, theft, robbery, burglary, and/or accidental damage that maybe caused during an exhibition or display, wearing, hand-carrying, packing and unpacking, and moving.

The insurance premium is charged according to a number of risk factors such as security and protection, the fragility of items to be insured, the frenquency of movement, your insurance claim experience. The average premium is listed below.

Personal fine art collection:

• Insured Value SGD300,000 or below        Premium SGD1,000 per annum (minimum per policy)
• Insured Value SGD600,000                     Premium SGD2,000 per annum
• Insured Value SGD1,000,000                  Premium SGD3,000 per annum
• Insured Value SGD10,000,000                Premium SGD15,000 per annum

Personal jewellery collection:

• Insured Value SGD50,000 or below         Premium SGD1,000 per annum (minimum per policy)
• Insured Value SGD100,000                    Premium SGD2,000 per annum
• Insured Value SGD300,000                    Premium SGD4,500 per annum
• Insured Value SGD1,000,000                 Premium SGD12,500 per annum

Please note that this is an indication only, not a fixed premium rating.

In general, if you have good security and protection for your collection such as CCTV cameras, fire/burlary alarm and/or 24 hours security guards, you would obtain a competitive terms and premium. Please refer to FAQ or contact us for more information.

Charles LIU