Loss Management Group (LMG) has launched a specialist art and antiques division in response to demand from insurers.
LMG managing director Tony Le Fevre said the majority of insurance company claims teams did not have the expertise needed to manage complex art and antiques claims.
“The aim of our new division is to help insurers control claims costs and manage art and antiques claims far more effectively. It will also cut down on fraud, and provide genuine claimants with a much better service,” he said.
Le Fevre said the rise in disposable income had led to an increase in the number of policyholders owning valuable items such as art, antiques and collectables.
LMG said the division would provide a complete claims management solution, including post loss validation, and discussion with the claimant on the most appropriate settlement. It would also cover fulfilment of replacement goods and the logging of lost but identifiable items with the Art Loss Register.
The company, which already handles more than 50,000 jewellery claims a year, established a collectables division in 2003.
