What are the insurance liabilities for rattan sculptures in earthquake-prone regions?
Rattan sculptures, like other valuable artworks, face significant risks in earthquake-prone regions. Insurance liabilities for such pieces typically cover damage caused by seismic activity, but policies may vary based on location, value, and specific terms. Standard art insurance often includes protection against natural disasters, but additional riders might be necessary for high-risk areas. Key considerations include the sculpture's fragility, replacement cost, and whether it’s displayed indoors or outdoors. Insurers may require proof of proper storage or installation to mitigate risks. Consulting a specialized art insurer ensures comprehensive coverage tailored to rattan sculptures' unique vulnerabilities in earthquake zones.
