Insurance for wine collection?
#1
Original Poster
Join Date: Apr 2003
Location: IAD
Programs: Free Agent
Posts: 1,937
Insurance for wine collection?
So I took inventory of my wine collection, and it was a bit more extensive/expensive than I had realized
Does anybody insure their wine? If so, can you point me to an insurance broker or company that I can get a quote from? Thanks!
Does anybody insure their wine? If so, can you point me to an insurance broker or company that I can get a quote from? Thanks!
#2
FDW
#3
FlyerTalk Evangelist
Join Date: Jan 2009
Location: London & Sonoma CA
Programs: UA 1K, MM *G for life, BAEC Gold
Posts: 10,225
My wine is on my general household policy, which is one which covers fine art etc. I have to itemise any item over £2000 but sadly none of my bottles are over that amount. The only thing which now occurs to me is whether an unopened case counts as 12 items or one....
#4
Join Date: Dec 2009
Location: New York, NY
Programs: AA Gold. UA Silver, Marriott Gold, Hilton Diamond, Hyatt (Lifetime Diamond downgraded to Explorist)
Posts: 6,776
You should check with your current carrier/broker. Many times an additional rider to your coverage is easier & less expensive than a solo policy which may have many conditions or exceptions.
That is unless we're talking really substantial value for your collection. Then you'll want something more specialized like offered here: http://insureyourwine.com/wine-insur...SAAEgLOo_D_BwE
That is unless we're talking really substantial value for your collection. Then you'll want something more specialized like offered here: http://insureyourwine.com/wine-insur...SAAEgLOo_D_BwE
#6
Original Member
Join Date: May 1998
Location: Rochester, NY USA
Programs: Hilton - Diamond, IHG - Platinum
Posts: 1,424
$275 seems like a fantastic price; what is the deductible?
#8
Original Member
Join Date: May 1998
Location: Rochester, NY USA
Programs: Hilton - Diamond, IHG - Platinum
Posts: 1,424
I owned a small insurance agency for over 40 years and the price, coverage and company make it look like a great value
#10
Original Member
Join Date: May 1998
Location: Rochester, NY USA
Programs: Hilton - Diamond, IHG - Platinum
Posts: 1,424
Most homeowners policies will cover wine the same as any other content. however, the coverage is limited to the perils insured against ( contents coverage is usually not as broad as building coverage) and there is no particular value assigned to each bottle or case.
#11
what do the insurance groups use for valuation? Auction sales? price paid? I have a good amount of bourbon who's street value is much more than what I paid for it, but don't know it they will take the sales on a Facebook group for valuation....
FDW
FDW