Collectors’ Toolkit: How Does the Coronavirus Affect Artworks’ Insurance Value?

After the initial coronavirus shutdown, Brad Taylor, who oversees art for the insurance broker HUB International, saw a huge slowdown in activity—and then experienced a flood of questions. Collectors quickly started to realize that art storage facilities would be locked down, and around the world, art shipments weren’t going as planned. Works were stuck on loan to an exhibition, with a packer or shipper, at a gallery on consignment for what was supposed to be a couple days, at a free