In 2013, $36.3 billion worth of wine was sold in the US, double the value of wine sold in 1999. The $36.3 billion represents 3.38 billion liters of wine, which is double the volume bought in 1993. Looking at these numbers it becomes clear that Americans are not slowing down on their wine purchases and as the number of wines being purchased increases the need for protecting those wines increases.
Wine is a perishable asset, meaning wine can spoil if not properly stored. A damaged bottle of wine is worth nothing to the collector, as it can’t be consumed and it can’t be sold at a later time for a return. A wine protection insurance policy gives you peace of mind so that you can spend time enjoying wine, not worrying.
Wine protection and storage is part art and part science. Two of the most important factors for wine protection is temperature and humidity. Temperature has two parts:
- Correct temperature – wine should be stored at temperatures between 53° – 60°
- Consistent temperature – wine should be stored at a constant temperature, there is a range of temperatures, but once the wine is stored at a temperature it should not fluctuate more than 2°
Humidity is a crucial concern because it will have an impact on the health of the cork and seal of a bottle of wine. Corks are compressed and forced into a wine bottle to create a 100% natural seal. Fluctuations in humidity will cause the cork to expand and contract letting in oxygen and letting out wine as it evaporates. Once air has begun to enter a bottle it isn’t long before that fine wine begins to taste like vinegar.
Storage is one out of many important factors in wine protection. What do you do about earthquakes, floods or the back-up of a sewer drain? That’s where a comprehensive wine insurance policy comes into play.
A comprehensive wine insurance policy will protect your wine holistically. Wine transit is one of the main areas in which wine will experience changes in temperature and humidity. A comprehensive wine protection policy for Insure Your Wine will protect your collection while in transit and from many more concerns.
Learn more about our wine protection insurance at InsureYourWine.com.