What about currently owned art, without title insurance. Why should I insure it now?
ARIS ATPI® can include the necessary policy endorsements to provide coverage retroactively to previously purchased art. This means that you or your client will have title insurance coverage back in time to the date of purchase. Coverage is provided against loss of the artwork itself due to defective legal title and the costs of defending a title claim. ARIS ATPI® also protects you or your client against the financial, legal and practical uncertainties inherent in attempting to enforce private contractual indemnification from a seller years after the purchase versus having true title insurance in the first instance.
Should you or your client be contemplating selling any artwork, or allowing it to be displayed for the public benefit, the need for title insurance is that much greater.