💸Insurance Policy
How do we guarantee the value of the investments?
There are 3 scenarios we cover with our insurance:
1) Cask or barrels stays at the producer. Here we are covered by the producer guarantee and insurance in case a force majeure event wipes out the investment.
2) We store our own items. Here we have expressly mentioned insurance guidelines in the storage agreements. We only work with high level professional alcohol storage providers who are specialized in long term safe storage.
3) Shipment. When bottles are ready and the owner wants to receive the bottles we work with DHL's specialized alcohol shipment team to send the items. This agreement includes an insurance but we also take an additional insurance to ensure that all angles are covered.
We work with Specialized Wine & Spirits insurance providers across geographies. They understand the unique risks associated with the industry.
This includes but is not limited to:
Appraisal: Our wine collection is professionally appraised by a qualified wine appraiser. This will help determine the value of our inventory for insurance purposes.
Comprehensive Coverage: Our insurance policy covers a wide range of risks, including theft, damage, temperature fluctuations and natural disasters like fire or flooding.
Transit Insurance: when we transport wines & spirits, we use special transit insurance to protect bottles during shipment.
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