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Who should consider
purchasing wine insurance?
Anyone who's serious about
collecting wine. Typically, homeowners insurance alone does not provide the
kind of protection you need as a wine collector
What protection does
Chubb's wine insurance provide?
With Chubb, coverage for wine
is "all-risk." This means you are protected against a broad range of losses,
including fire, theft and breakage. what's more, coverage is
worldwide.
Is wine insurance
expensive?
Not with Chubb. In fact,
insuring your wine has never been easier or more affordable. On average,
annual coverage costs about 42 cents per $100 of coverage. As an example,
insurance for a wine collection valued at $50,000 would be approximately
$210.*
How do I insure my
collection?
It depends on the value of the wine. Chubb
offers two options. For one or more bottles, valued at less than $10,000
each, you can purchase "blanket" coverage under one lump sum. More expensive
items can be specifically listed on the policy, with each bottle described
and individually insured for a specific value. With Chubb's wine insurance,
there's no deductible in the event of a covered loss.
Does Chubb require
appraisals?
Typically, not for individual bottles valued
at less than $10,000. All you need is a good description and value. At
Chubb, we request appraisals for bottles valued at $10,000 or more.
Can I combine this
coverage with my other personal insurance policies?
Yes, and we encourage you to do so. By
combining wine insurance with your other Chubb coverage's, you'll get one
policy and on bill for all of your personal insurance.
Do I have to inform my
agent each time I buy a new bottle of wine?
Not immediately. If you already have wine
insurance through Chubb, you have up to 90 days after you purchase a new
bottle of wine to inform Taylor Insurance Agency or Chubb. for those
90 days, Chubb provides you automatic coverage for 25% of your itemized
coverage up to $50,000.
*This is an example, your rate and coverage will vary.
**This information is advisory in nature.
No liability is assumed by reason of the
information in this document.
see actual policies for conditions, restrictions of coverage's.
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