Insurance is another extra measure you can take in order to safeguard your wines.
Disasters do happen and if you are unlucky enough to experience this, especially given the value of fine wines and the money that can be made, having this extra level of security should be considered for even modest investments.
There are lots options available, due to the tumultuous and unpredictable nature of the industry. Wine cellar insurance packages are usually offered on a bespoke basis to offer maximum flexibility.
For instance, wise investors will often seek a wide variety of options within their wine insurance policy including theft, burglary and wine spoilage. Although this may mean you are unlikely to make the profit you would have hoped from your maturing wines, you can at least recoup much of what you paid in the first place before going on to make your next fine wine purchase.
Like many wine collectors or investors you may want to consider insuring your wine with global coverage. Indeed, by guaranteeing that your wine insurance covers you all around the world you can rest assured your investment is covered in almost any scenario.
Many things get lost in transit around the world every single day. Should this ever occur with a substantial wine investment, a good wine insurance policy can ensure this doesn’t cripple your business, or simply prevent you from being able to enjoy all that the world of sumptuous wines has to offer.