Product: Axa releases more efficient art offering
Axa Art has targeted the owners of art and other valuable collectible items such as vintage cars, wine and furniture with its new insurance policy, ArtFIRST.
The policy has no minimum sum insured and can cover a personal collection valued at up to £1m. The insurer claimed its new offering stood out in the market as the policy-holder did not need to declare each and every new purchase provided the total sum insured remained below the £1m threshold. It added that below this limit no additional premium would need to be paid throughout the policy year.
The product will cover collections held at home or while temporarily elsewhere along with covering
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