Do you invest in wine or collect it to drink? Either way it’s very important to protect your collection, just as you would a piece of art, and to know what to value your wine for.
Fine wine markets remain a source of stability in an uncertain world. The Liv-ex 1000, the broadest measure of the fine wine market, delivered a 2.41% quarterly return to start 2021, continuing its steady growth since last May.
The rollout of COVID-19 vaccines programmes and plans to reopen hospitality sectors formed the main drivers, fuelling optimism of a sustained economic recovery over the course of the year. For more information on the fine wine market read more from wine investment specialist Cult Wines No let-up in sight for fine wine’s stable growth
Protecting your wine collection safe
Accidents happen. It’s unlikely that you would claim for dropping just one bottle, but a collection could be damaged whilst in transit or your storage shelves could collapse. Theft of good quality wine also happens and there is always the risk of water or fire damage. Relying on a standard home insurance policy could leave you without essential cover or potentially underinsured. Whether you savour your Lafite or quaff your Barolo, there is a lot to think about so talk to us and we will help simplify and demystify the best way to insure your wine.