Wine Coverage

If you’re a wine aficionado, you’re probably collecting and storing a significant amount of wine. However, have you considered that you might want to insure your collection? It’s important to understand what your policy covers and doesn’t cover, such as market appreciation, mechanical breakdown of your climate control system and newly acquired wine. Most policies don’t even cover wine collections, and you’ll need a separate policy or rider to protect it. Additionally, you’ll want to consider an insurance carrier that specializes in settling wine collection claims. Click here for simple tips for protecting your wine collection. [caption id="attachment_19284" align="alignleft" width="300"] Above: Wine Storage Bellevue facility[/caption] According to Patrick Gilroy, Owner of Wine Storage Bellevue, “Not all wine storage facilities are equal. Depending on your individual needs, here are some important factors to consider: Does your facility accept wine shipments on your behalf and store them safely for you? Is your wine accessible and available when you need it? Ask about extended hours and 7-day-a-week access. The quality of the wine’s security should match, if not exceed, the value of the collection. Be sure to ask if your wine is stored securely under lock and key, or, better yet, under surveillance. If you use a web-based cellar management tool, ask about wireless internet access where your wine is stored so you can keep your records up to date. Some places even offer a comfortable decanting area where you can sit and enjoy a glass of wine with a fellow connoisseur or wine interest group." If you have questions or would like an initial consultation...