Charles Art Insurance - Collectible Wine Insurance

Wine "all risks" Policy Summary


Significant Features and Benefits:

  • Cover is on an ‘agreed value’ basis

  • Cover for depreciation, following loss or damage

  • Worldwide ‘temporary location’ cover

  • Automatic acquisition cover for new additions up to 25% of the sum insured for your collection, subject to advising us within 90 days and additional premium

  • Accidental damage cover 

Significant Exclusions

  • Wear and Tear

  • Inherent defect and breakdown

  • Gradual deterioration

  • Loss by insects or vermin

  • Damage by atmospheric conditions

  • Confiscation and War

  • Breakage and non violent theft while your home is being lent, let or sub let

  • Radioactive contamination

  • Coverage ceases once the bottle is opened

     

Significant Limitations

  • The ‘Agreed Values’ may be below the market value of the insured art so you may not be able to replace lost items with similar ones

  • Policy sub limits. Sub limits apply to some items

  • Disclosure: you have certain disclosure obligations which you must comply with or your claims may not be paid.

  • Deductible: a deductible may apply to the policy. If so. It will be shown in the Schedule.

  • Automatic Acquisition cover: for new additions up to 25% of the sum insured for your collection, subject to advising us within 90 days and paying additional premium.

Wine Policy Online Application


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