Is your valuable wine collection protected against damage or loss?

by dan

Did you know that all homeowners’ policies have limitations for the limits and coverage for wine collections?

For unscheduled wine collections, there is a coverage limitation for the causes of loss (i.e., mysterious disappearance, accidental acts or intentional acts by others, breakage, change in temperature, earthquake or flood, and other causes of loss are not covered). 

That is why, in addition to the benefits listed below, we recommend insuring your wine collection on a separate schedule.

Scheduling wine collections separately costs approximately $ .50 per $100 of coverage.  It’s quite reasonable.  A $10,000 wine schedule would have an annual premium of $50.

Other benefits of scheduling wine collections are: 

  1. No deductible
  2. Establishes value with the insurance company
  3. Worldwide coverage
  4. Best coverage available (including: mysterious disappearance, earthquake, flood, intentional and accidental acts, etc.)
  5. Leaves more coverage on the homeowners’ policy for other contents
  6. Gives more coverage than a homeowner’s policy provides

At Forest Agency our account executives have the knowledge and experience to help you protect your valuables. 

Please contact us today to review your current coverage and discuss scheduled coverage of your valuable items.

Dan Browne

Certified Insurance Counselor (CIC)

Accredited Advisor in Insurance (AAI)

Certified Professional Insurance Agent (CPIA)

BBA in Risk Management and Insurance, University of Georgia

***Coverage is subject to the policy terms, conditions, limitations and exclusions. 

 

 

 

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