Art Advisors and Appraisers
Woman.jpeg

Blog

Art & Finance

Protecting Your Art In Advance of a Hurricane

Here are a few simple steps that will help protect you high-value assets against a hurricane. 

Proactive Steps:

  1. Hire an USPAP-compliant appraiser to develop an appraisal report of your high-value assets to ensure you are properly insured.

  2. Store a digital copy of your records (appraisal reports, inventory listings, receipts, and other relevant records) in the cloud to ensure their survival.

  3. If financially viable, consult with a fine art firm specializing in art evacuation services. Make plans to transport and relocate valuables to a storage facility beyond the storm’s reach.

Hurricane Preparation: 

  1. Secure all outdoor art. If possible, move outdoor art indoors.

  2. Board up windows and establish a sandbag perimeter.

  3. Remove art from plaster walls as its structural integrity is severly compromised when damp.

  4. Move vulnerable assets into interior rooms, away from windows.

  5. Wrap paintings in plastic to provide additional protection against water damage.

  6. Store smaller assets in waterproof plastic bins.

  7. If stacking art against an interior wall, separate using large sections of cardboard to prevent damage to frames or canvasses.

Storm Cleanup:

  1. Immediately document any damage through extensive photography and videography.

  2. Relocate any assets that are in contact with standing water or near areas of increased humidity.

  3. Take all possible measures to remove any standing water and excess humidity as soon as possible.

  4. Hire an USPAP-compliant appraiser to provide an appraisal report for any damage and losses for either insurance claims or IRS casualty deductions.

  5. Seek immediate restoration for any works which have had sustained contact with water. The sooner you act, the more likely you will be able to salvage a work.

 

Kaitlyn McElwee