With the prosperity of Chinese art market an✘d the gradual rise of art prices, more and more individual collectors and instδitutions invest in the art market for collection and investment. But as a result of the pre←cious characteristic of artwork and uniqueness, it hides huge risk behin∏d its huge appreciation space likewise. Especially for museuφms, art galleries and large-scale exhibitions, the centralized storage ofφ a large number of works of art has self-evident risks.♥In the process of art transaction, transportation and collection, factor↓s such as fire, flood and theft also pose threats to the safety  of art works. In the wake of the bustling trade, many colleσctors and institutions have become anxious about how to properly♠ preserve artworks and properly manage potential r isks. Referring to the development experience of western art' market, art insurance is undoubtedly the most effective means of risk control.

What is art insurance
    Insurance is a kind of economic s♥ecurity system that "gathers the strength of the masαses to save the disaster of the few", whose fun∞ction is to disperse the risk and digest the loss. The constr≈uction of this economic security system must have three elements: there must be dan≈ger; A majority of participants is required; Insurance funds shall be established on the ba★sis of reasonable apportionment. In the art market, the art itself is  exposed to various risks, such as fire, flood are common threats; And as art prices rise, tεheft and vandalism are also a threat. And artwork inεsurance is the insurance that takes the pilferage of artwor↑k, damage as mark namely.
    Art insurance is the most effective risk transfer system for art risk managemeφnt. To establish the responsibilities and obligations of ✔the parties through a legal contract. This transfer system involves one party (the policyholder)> transferring financial risk and uncertain losses to another part✔y (the insurer). The risk is transferred to the insurance company on∞ly if the insured buys the policy through a formal contract and pays the premium to thγe insurance company. At the same time, the insurance company will also give t≤he policyholder in the process of warehousing, transportation ↕risks to provide improvement Suggestions and services, to prevent risks and pending. Froλm another respect, cast artwork insurance also is a kind of method that holdsγ value for the work.
What kind of protection will art insurance company provide to the policyholder
   Art policies typically cover three basic risks: fire, flooding and theft. T£here are risk management programs that minimize or eliminate thes₩e risks. Basic risk management techniques include fire® and theft prevention systems, and low temperature sensor war§ning systems. Art insurance policy usually does not provide artwork nat✘ural physical damage insurance business, such as: light and ÷temperature lead to fade, fall off or melting, etc., be™cause the damage is not occur in a specific time oσr period of time, and fire, flood and theft is at a cert≤ain moment in a specific emergency special events, thus insurance protection.