Wine claims can require special handling and adjusters should be aware of some of the issues that can impact the value of a collection.
According to a recent American International Group Inc. (AIG) study of wine insurance claims over 10 years, water damage from burst pipes or storms and power outages that disable wine cellar cooling systems are the most significant threats to fine wine collections in the United States.
The threats to wine
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
