It’s Now Possible To Insure Conceptual Art (Really? Insure An Idea?)

“How does it work? In most fine art insurance policies, lost or damaged certificates of ownership can fall in a gray area—sometimes they are covered, but often they are not. In the case of conceptual artworks, the certificate is an essential component of the work, and without it the piece is considered worthless. In this policy, certificates are explicitly covered.”