The United Kingdom’s Treasury is set to utilize the Government Indemnity Scheme to provide insurance coverage for the Bayeux Tapestry during its loan period to the British Museum. This arrangement places the insurance value of the historic tapestry at £800 million.
The decision to employ the Government Indemnity Scheme underscores the significance of the Bayeux Tapestry, a renowned artifact currently housed at the Bayeux Museum. The tapestry’s visit to the British Museum marks a significant cultural exchange between France and the UK.
While this move facilitates its temporary repatriation, it also highlights the financial commitment required to safeguard such priceless historical pieces. The UK Treasury’s backing ensures that the tapestry can be displayed without the hindrance of prohibitive insurance costs.
