What are the differences in insurance premiums for rattan vs. concrete art?
When insuring artwork, the material plays a significant role in determining premiums. Rattan art, being lightweight and organic, often faces risks like moisture damage or breakage, leading to moderately high premiums. Concrete art, on the other hand, is durable but heavy, increasing risks during transport and installation, which can result in higher insurance costs. Insurers also consider factors like market value, rarity, and susceptibility to environmental damage. While rattan may be cheaper to insure due to lower material costs, concrete's durability might reduce long-term claims, balancing premiums. Always consult an insurer to evaluate specific risks and coverage options for your art pieces.
