“As collectors ourselves, we know every piece of art tells a story. We built WAX to honor that narrative—not merely insure it—so your collection can grow and inspire without fear of loss.”
— Richard Vinhais, CEO
WHY STANDARD INSURANCE FALLS SHORT
• Transit risk: Art is most vulnerable when moving. Standard carrier insurance often pays by weight, not value.
• Low sub-limits: Homeowners policies may cap art coverage at a few hundred dollars per item.
• Expert handling: High-value pieces need professional care; WAX connects clients with vetted specialists.
• Appreciation: Values can spike overnight. WAX policies offer agreed-value coverage and appreciation protection.
WAX COVERAGE HIGHLIGHTS:
• All-risk protection against accidental damage, theft, natural disasters, and environmental loss.
• Worldwide transit and exhibition coverage.
• Automatic coverage for new acquisitions up to 25% of your class limit.
• Online platform for scheduling items and updating values in real time.
REAL-WORLD CASE STUDY
A collector purchased a modern sculpture worth several hundred thousand dollars and hired a standard shipper. The piece was dropped during loading and sustained major structural damage. Because the artist was living, restoration required working directly with the creator. WAX covered full restoration costs and compensated for loss in value — coverage that a homeowners policy would not have provided.
FREQUENTLY ASKED QUESTIONS
Q: Does WAX cover art shipped internationally?
A: Yes. WAX provides worldwide “nail-to-nail” transit coverage for art in shipment or on loan.
Q: How do I insure a newly purchased piece?
A: New acquisitions are automatically covered up to 25% of your class limit. Schedule the item within 90 days to set the agreed value.
Q: Can I insure collectibles like sneakers or vinyl toys?
A: Yes. WAX offers mixed-collection policies that bundle fine art with other categories.
READY TO PROTECT YOUR COLLECTION?
Collectors can request a quote in minutes through WAX’s digital platform, or brokers can contact us directly to tailor coverage for their clients.
