Household insurance for artists: When does it make sense?

In the creative world of an artist, the studio or the apartment can be a real treasury. Not only works of art are created here, but also personal and professional dreams. But what happens if an element is damaged by fire, burglary or water at home?

Can household insurance be secured the belongings of an artist and does it actually make sense?

The connection of art and security

Artists often live on the threshold between risk and creativity. An artist's valuables go beyond furniture and electronics and often include valuable works of art, expensive working materials and rare collections. These objects are not only expensive, but often also irreplaceable. Here the household insurance comes into play, which contributes to minimizing the financial damage in the event of a loss or damage to property.

Household insurances offer protection against the consequences of fire, burglary, storm or water damage. In the context of an artist, this means that not only furniture, clothing and devices, but also works of art and work materials are insured. So should take out household insurance . But before you take out insurance, it is important to understand some basic aspects.

Individual assessment of the insurance

It is worth checking your own insurance needs thoroughly. The first step should be a comprehensive assessment of the personal household items. Which works of art, materials and devices are available? How high is your value? Especially in the case of valuable and unique works of art , it should be considered to take out additional art insurance that is specially tailored to the needs of artists. Household insurance can often be adapted to these special needs through appropriate additional policies.

Valuable individual pieces should be documented thoroughly. Photos, reviews and purchase receipts can serve as proof in the event of a claim. It should also be ensured that the value of these objects is checked and updated at regular intervals so that the sum insured always corresponds to the current value.

The right insurance coverage

Household insurance differs from cheaper types of insurance by their extensive protection. In addition to the classic insurance benefits such as protection against fire, tap water, storm or burglary, some policies also offer protection in the event of gross negligence. Here you should check carefully whether and to what extent these additional benefits are included in the insurance contract.

It can also be important for artists that the work area, be it a studio or a study, is explicitly included in insurance protection. It is worth studying the exact wording of the policy and consulting the insurer if unclear.

As in the event of damage

If there is a damage event despite all the precautions, rapid action is required. Any damage or loss of the house council should be reported to the insurance immediately. Controlling damage documentation through photos and detailed damage descriptions is essential. It is important to ensure that you have as many details as possible. After the report, an expert from the insurance company will examine the damage on site and determine the amount of the damage.

The insurance will determine the compensation amount based on the submitted documents and the assessment of the appraiser. If you do not agree with the evaluation, it is possible to consult your own experts in order to achieve a fair solution.

Summa summarum

Artists should not only rely on their creative skills, but also to ensure the right protection of their creative environment. Household insurance can be a sensible investment by offering financial security in the event of damage and ensuring that creative work does not stall through unexpected losses.

Nevertheless, careful consideration and individual adjustment of the insurance policies should be made to the special needs and possession of an artist.

In summary, it can be said that household insurance can be valuable for artists, especially if it is individually adapted to the entire value and the special needs of artistic activity. So you can concentrate entirely on the essentials: art.

• Also interesting in this context : the best tax tips for artists .