Wine collection is a passion, and serious collectors build their collections over many years from many different countries. Vintage collections are like fine art to the true collector. Therefore it is important to protect your wine cellar and your valued collection.
We have the insurance program you need for your wine enthusiasm protecting your hard earned time and money invested in your collection from catastrophic loss.
If you are serious about collecting wine, you need to be serious about the kind of protection you need as a wine collector. Insurance coverage protects your collection against a broad range of losses, including fire, theft and breakage, and this coverage is worldwide.
Wine collection insurance will vary depending on the value of the wine. Bottles valued at less than $1,000 each can be protected with "blanket" coverage under one lump amount. More expensive bottles should be specifically listed on the policy, with an inventory list describing each bottle and the insured specific value. Appraisals will be needed for bottles valued at $10,000 or more.
We represent a variety of companies and are best qualified to help you determine the appropriate coverages and limits to fit your needs.
Did you know the condition of the wine can be as important as the quality of the grape and the winemaker? Wine must be cared for properly. Wine should be kept in a continuous controlled storage Constant temperature in the 52°-58°F range, with 80% humidity, without light or vibration is best. It is also important to note the bottles appearance is a factor in the value of the wine. Wine bottles kept in their original wooden cases or cartons, with good labels, capsules, and fills for age, receive a “full valuation”. Fill levels less than expected for age (below bottom neck for vintages less than 20 years old; just below top shoulder for vintages 20-40 years old) are usually discounted in value by 20%-50%.
Ensure you have the right coverage in place with us.
Hubbard Insurance Group provided personalized service for your personal insurance needs.
Contact us today and let’s get working for you!
Email us at better@hubbardinsurance.com or call 905.696.9090 where you’ll be “Well Advised. Well ProtectedTM.”
Alternatively fill out the Get a Quote form; we will begin assessing your needs and contact you as soon as possible.
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