Wine Insurance arranged by Assetsure

For owners or collectors of fine wines obtaining a suitable insurance policy to insure the wine is an important consideration.

At Assetsure, we arrange a specialist insurance policy for covering fine wines.

We can insure either single bottles or entire collections. Whether you are buying wine for investment purposes or you just have a well-stocked cellar, you may find that your standard home insurance policy does not provide you with adequate insurance protection.

One of the main problems is that many home insurers have a threshold for certain items; this is usually perfectly adequate for small collections designed for private consumption but for more serious quantities of value, once the policy threshold has been breached, you may find that you need to upgrade your policy.

One option is to obtain a home insurance policy with higher limits or to buy a separate wine insurance policy. The wine policy arrange is especially designed for collectable items and provides cover on an “All-risks” basis. If you do need to make a claim, there is no excess to
pay.

In addition to wide insurance cover, the territorial limits of our policy are extended to include:

1. At your home address or any of your other properties (Providing we have been notified of the address.
2. In a bona-fida storage facility.

What type of events are covered

Cover is provided on a ” All-risks” insurance basis which will include cover for accidental damage, accidental loss and theft.

A valuable addition includes damage caused by flooding to wine labels that will potentially affect the value of the wine, damaged wine labels can severely effect the value of investment wine.

The policy will include loss of value (depreciation cover). Certain contingencies such as ullage or natural loss of contents are excluded.

Full details of this insurance and our full range of collectables insurance may be obtained by contacting our office.