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  1. #1
    Taster
    Join Date
    Jan 2011
    Location
    Newberry, FL
    Posts
    91

    Collection Value and Insurance

    I've seriously begun to consider insuring my collection This brings me to the question of how do you value a collection. If any can give me an idea of how to proceed I would be appreciative. Thanks.

  2. #2
    Enthusiast
    Join Date
    Dec 2011
    Location
    NYC
    Posts
    405

    Re: Collection Value and Insurance

    you have to taste it FIRST!!!!

  3. #3
    Connoisseur
    Join Date
    Dec 2011
    Posts
    579

    Re: Collection Value and Insurance

    I know some home policies will add a separate rider for wine, never heard of one for spirits.

    Im sure there is someone out there who will do it, tricky part is to find that company.

  4. #4
    Taster
    Join Date
    May 2011
    Location
    Long Beach, CA
    Posts
    71

    Re: Collection Value and Insurance

    I would bet your homeowners policy would give you a collectibles rider. As far as value goes, I am not sure you could justify a replacement value for bottles that are no longer obtainable from retail shops. The problem being, who else could you legally buy them from.

    One possible drawback to contacting your homeowners insurance might be the flammability of what you are trying to insure. I wouldn't be surprised if they wanted to impose storage restrictions, but I haven't rtried it so who knows. It might be easier to deal with an insurer that specializes in insuring collectibles, wine collections, etc. Like Chubb, for instance...

    https://www.chubb.com/personal/insur...s/Collectibles

  5. #5
    Guru
    Join Date
    Sep 2008
    Location
    Chicago suburbs
    Posts
    2,835

    Re: Collection Value and Insurance

    Surely there must be a rider available to you or an insurer who specializes in such things. There are plenty of people with incredible collections of whisky that wouldn't risk a fire, flood or theft, so hunt around and you'll certainly find something.
    "I distrust a man who says 'when.' He's got to be careful not to drink too much, because he's not to be trusted when he does." Sydney Greenstreet

  6. #6
    Moderator
    Join Date
    Jul 2008
    Location
    SW Iowa
    Posts
    3,040

    Re: Collection Value and Insurance

    Look around with the search function this has been discussed a few times on here.
    Normal is an illusion. What is normal to the spider, is chaos for the fly.

  7. #7
    Virtuoso
    Join Date
    Oct 2011
    Location
    Atlanta
    Posts
    1,239

    Re: Collection Value and Insurance

    I have a very good policy...
    In case of fire, break glass..
    and get to guzzlin'
    "On a long enough timeline, the survival rate for everyone drops to zero"
    T. Durden

 

 

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