Insuring high-value stone sculptures requires a specialized approach to ensure their protection against damage, theft, or loss. Here are the best practices to follow:

1. Professional Appraisal: Obtain a certified appraisal from an expert to determine the sculpture’s accurate market value. This ensures proper coverage and avoids underinsurance.

2. Specialized Art Insurance: Standard homeowner’s policies often lack adequate coverage for high-value art. Opt for a specialized fine art insurance policy that includes protection for accidental damage, theft, and transit risks.

3. Documentation and Provenance: Maintain detailed records, including photographs, certificates of authenticity, and provenance documents. These are crucial for claims and valuation updates.

4. Climate and Environmental Controls: Stone sculptures are sensitive to environmental factors. Ensure proper storage and display conditions to minimize risks like cracking or erosion, which may affect insurance terms.

5. Regular Policy Reviews: Update your insurance policy periodically to reflect changes in the sculpture’s value or market trends.

6. Risk Mitigation Measures: Install security systems, use reinforced display cases, and consider restricted access to reduce the likelihood of damage or theft.

By following these practices, collectors and institutions can safeguard their valuable stone sculptures with comprehensive and tailored insurance coverage.