The Art & Tech specialist 4ARTechnologies is launching an innovation that will completely restructure the everyday art life of museums, gallery owners, artists and collectors. Works of art are values and therefore comprehensively insured. Until now, experts were needed on site to assess the condition of an object and determine the insurance policy. From now on, the insurance of art will work via app. Saving time and without risk. That is new. And will revolutionize the market.
Together with Munich Re and Ergo as strong partners from the insurance industry, <4ARTechnologies will launch the pilot project for the digital solution in June 2020. Based on the information submitted by the app user on the condition of the artwork, Munich Re and Ergo will in future offer a tailor-made insurance solution for 4ART clients. Digital and uncomplicated. Whether at a board meeting, in an art studio, in a museum or from home: art can now be professionally insured anytime and anywhere.
In order to convince the art world of this vision, the pilot project begins with a clear announcement: Each work of art sold for the first time in a gallery will automatically receive insurance coverage of up to EUR 10,000 for three months upon completion of the transfer of ownership in 4ARTapp – at no additional cost. The new owners can enjoy their new work of art without any worries, and the gallery strengthens its service by providing innovative advantages with the 4ARTapp.