The theft of art and antiques is sadly rife in today’s market. High value art and antiques, like any other high priced commodities, give rise to unscrupulous theft making the art and antiques trade business a haven for thieves looking to fence stolen merchandise. Unfortunately, this means that dealers run the risk of purchasing goods in the normal course of trading from a vendor, who in fact had no legal right to sell the items in the first place.
Here at Coversure Insurance Services, we recommend that you have antiques insurance to protect you from any financial loss should you unknowingly purchase a stolen item for trade purposes.
The high incidence of theft and the circulation of stolen material erodes public confidence and discourages potential purchasers, and also generates financial risks. Dishonest dealers are few and far between but even an honest dealer, may lose money if caught inadvertently in possession of stolen goods. Coversure Insurance Services offer Defective Title cover to protect you against loss resulting from goods purchased in the course of normal trading for which it subsequently is discovered that the vendor had no legal title.
To ensure you have appropriate cover for your business, speak to a specialist broker such as Coversure Insurance Services in Bude, who understands the finer details of the art and antiques world. In addition to Defective Title, we provide a wide range of cover including, premises and stock cover, employers and public liability, business interruption, personal accident and legal expenses.