Wine Cellar Blog

Wine Collection Insurance

Why Insure Your Fine Wine Collection?

unmarked wine bottles in rackIf something happened to your collection, would you be willing to pay for the replacement value of your fine wine collection in cash?

Most homeowners insurance policies do not cover losses to wine collections.  The most common losses in wine collections come from power outages, temperature control system failures, theft, deception, and water damage (including floods). Private Client Insurance policies can protect against all of these, in addition to catastrophic events, such as hurricanes and earthquakes.

Insurance costs are relatively inexpensive averaging anywhere from 50 – 70 cents per $100 of coverage and many policies do not have a deductible. (Costs vary based on location and size of collection.)

Many insurance companies, including AIG, offer policy credits to homeowners on their wine collection, if the homeowner installs a Wine Guardian system and/or follows some of the best practices listed below.

  • Avoid placing your cellar by walls adjacent to the laundry room, the boiler room, the bathroom or other walls covering numerous water pipes. water damage in basement
  • Purchase a high-quality wine-cellar cooling system that controls both temperature and humidity, such as a Wine Guardian ducted, split, or through-the-wall system and maintain the temperature between 55-57ºF.
  • Keep all bottles at least 8 inches off the ground to avoid damage from potential flood issues.
  • Maintain an up-to-date inventory.

For more information on best practices in wine cellar construction, download the AIG and Wine Guardian detailed list of best practices for protecting your fine wine collection.

To find out if you are eligible for credit, contact your insurance broker or a Private Client Insurance Broker from AIG or Chubb.

Just in case you’re wondering…

You might be wondering why Wine Guardian even mentions insuring your collection. Like the banner on our homepage states, “Wine is your passion. Preserving it is ours.” We have heard stories of people who have lost their collections only to discover their existing insurance didn’t cover the loss. We want to help people preserve their wine from beginning to end. Whether it’s constructing a wine cellar correctly (vapor barriers please!), preserving it day to day with a Wine Guardian system, or insuring the wine collection, we want to help you have peace of mind concerning your wine investment.