- Dan Frankel
Insurance for Wine Collections from InsureMyWine.com
Updated: May 16, 2022
You insure your cars, jewelry, even your fine art, so why not wine or other collectible liquors like whisky or bourbon?
Fine art, jewelry collections, antiques, cars and homes all enjoy tailored insurance policies hedging a wide variety of risks. Wine collections, on the other hand, are rarely insured.
All too often, the assumption is that wine or whisky is automatically covered by home insurance. And all too often, it is not. Most insurance policies are not designed to accommodate the risks or loss settlement challenges a wine collection presents. Even a simple power outage, not an uncommon event, could lead to a wine loss which is not covered. And in the case of whisky, much of the value can lie in the original packaging; if the packaging suffers damage, the value may plummet.
Ideally, a wine or liquor collection should be scheduled and separately insured against power losses, mechanical breakdowns, fire, breakage and theft. Earthquakes, floods, and hurricanes are insurable risks, too.
With our ongoing relationship with leading wine experts such as Classic Wine (advisory services) and The Wine Mover (logistics and more), Acacia Insurance provides access to comprehensive wine protection programs, loss control and appraisal services, and inventory systems.
Apply now through our dedicated wine program, InsureMyWine.com.
Apply now through our dedicated program for wine and collectible liquors, InsureMyWine.com
Features and benefits of working with Acacia Insurance and InsureMyWine.com include:
Blanket and itemized coverage options.
Choose blanket coverage, itemized coverage, or a combination of the two. With blanket coverage, your entire collection is covered under one limit, with a generous single bottle limit of up to $50,000. Itemized coverage is recommended for wines and whisky valued at $5,000 or more,depending on the collection, and can be combined with blanket coverage to provide the best protection for your collection.
Power outage, mechanical breakdown, and a wide spectrum of additional perils.
The covered causes of loss include loss due to power outage or mechanical breakdown of heating, cooling and humidity control equipment—critical coverage for oenophiles. Additionally, floods, earthquakes, hurricanes & tropical storms, fire, theft and breakage may all be covered with an "Open Peril" or "All Risk" policy.
New purchase protection.
In many cases, coverage automatically provides up to 100% of the itemized limit for wine on the policy for up to 90 days, giving you plenty of time to report your new acquisitions to us.
Worldwide coverage.
Your wine (or other collectible liquor) is protected worldwide and while in transit.
No deductibles.
Whether using a blanket or itemized schedule, the deductible may be waived if a loss occurs. Earthquakes, floods, and tropical storms may be subject to a separate deductible.
Through our dedicated wine insurance program, InsureMyWine.com, Acacia Insurance also gives you access to top wine inventory management and appraisal resources at preferred rates.
Acacia Insurance has been helping to make the unexpected uneventful since 1988, and we look forward to working with you. Please contact us with questions and for additional information.
The insurance policy, not this Web site, forms the contract between the insured and the insurance company. The policy may contain limits, exclusions, and limitations that are not detailed in this Web site. Coverages may differ by state.