A value the loan agreement can stand on.
Lending a work to an exhibition is one of the best things that can happen to it, and one of the riskiest. The loan agreement names an insurance value before the work leaves your wall. Cove prepares that value with the evidence behind it, so you are covered for what the work is actually worth while it travels.
The number is set before the crate is.
A museum loan runs on paperwork that all points at one number: the insurance value in the loan agreement. Get it wrong in either direction and the lender pays for it, in premium or in an under-covered loss.
The value you declare.
The loan agreement asks the lender to state the work's value, and the borrowing institution insures to that number. An outdated value travels with the work for the whole run of the show.
Wall to wall.
Standard exhibition coverage runs wall to wall: from the moment the work leaves your wall until it is back on it. Transit, handling, and the months in between all ride on the declared value.
The state it left in.
A condition record made before the work ships is what any claim is measured against. In Cove it is filed against the work, alongside the value and the agreement.
Ready for the registrar, and for the return trip.
A current appraisal prepared to USPAP standards for the loan agreement, with the documentation the borrowing institution's registrar will ask for next.
A defensible declared value.
A current value for the loan agreement, with comparable sales sourced, dated, and attached, so the number holds up however long the exhibition runs.
Everything the registrar needs.
Cataloging, provenance, condition, and images, already organized against the work and shareable with the institution on your terms.
The exhibition joins the history.
The loan becomes part of the work's exhibition history in your record, which is exactly the kind of history that carries value forward with the work.
Cove prepares the appraisal and the documentation. The loan agreement and the insurance placement remain between you, your counsel, and the institution, all working from the same numbers.
When a work travels, its record travels with it.
In Cove, lending a work is not a scramble through drawers for the last condition report. The full record, values, condition, provenance, and images, is already assembled and shareable with the registrar and the insurer, on your terms.
That same permissioned sharing serves guests and family too: it is one of the four doors the record opens.
Appraisals for what comes next.
Tell us about the show.
The work, the institution, and when it ships. We will confirm the timeline against the loan schedule and quote the engagement. From $100 per piece, scaling with volume.
Thank you.
A member of the Cove team will be in touch shortly.