Guide to Protecting Your Wine Collection

Do you know that most homeowner’s insurance policies do not provide adequate coverage for wine collections?

Like other high value collections, wine should be separately insured for exposures such as fire, breakage, and theft.

HUB International Personal Insurance consults with experts in the field of wine purchasing and collecting to better understand the risks as well as types of coverage that would be most beneficial to collectors. HUB works with collectors to design comprehensive wine protection programs, which include insurance coverage, loss control services and inventory systems.

Insuring your collection

While homeowners insurance provides basic coverage for theft and fire, specialty insurance policies can cover the following risks:

  • Forgery/Fraud
  • Accidental breakage
  • Temperature control failure
  • Damage during shipment/transport
  • Multiple locations (including off-site storage)
  • Loss caused by power outage or breakdown of storage/refrigeration
  • Theft, fire, and water-related impairment

Consult with your HUB advisor regarding the best fit for your needs. Wine collector management services are also available with some policies.

Storing your collection

Whether your collection resides in your home or at a wine storage facility, a wine cellar is designed to protect wine bottles from heat, light and vibration.  Here are some basic storage requirements:

  • The ideal temperature for a wine cellar is a consistent 55 to 60 degrees. Fluctuations in temperature can speed the aging process of your wine.
  • Bottles should be laid on their side in order to keep the cork wet and prevent any oxygen from entering the bottle.
  • Wine should not be stored near a light source in a cellar as lighting can give off heat which could damage wine.

Research Your Next Collection

Collectors choose wines for a variety of reasons, ranging from purely emotional to investment-oriented decision-making. For some collectors, the goal is to obtain the most exclusive vintages that are rarely sold to the general public. Here are some guidelines about building a wine collection:

  • Employ a wine consultant to assist with purchasing rare or unlisted wines.
  • Verify that the provenance of a collection up for auction has been acquired through reputable means, stored appropriately, and able to be authenticated.
  • Catalog your wine collection and keep an updated inventory.

Download this checklist to learn more