“Fine wine and rare spirits embody patience and care. Our team shares that appreciation and provides coverage so collectors can expand their cellars without fear.”
— Jeremy Caparas, Head of Customer Success
Risks and exposures – Wine and spirits are vulnerable to breakage, temperature fluctuations, cork failure, theft, fire, flood and earthquake. Climate‑control equipment breakdown can spoil entire collections. Bottles in transit to auctions, tastings or storage face additional risks.
WAX coverage highlights
All‑risk protection – Covers breakage, leakage, label damage and loss due to temperature extremes or equipment breakdown.
Scheduled or blanket coverage – Collectors can insure each bottle individually or cover their entire cellar; scheduled coverage allows agreed values for extremely rare bottles, while blanket coverage values the collection at the time of loss.
Worldwide transit – Protects bottles during shipping to auctions, competitions or off‑site storage facilities.
Accessories & equipment – Coverage extends to barrels, racks, climate‑control units and security systems.
Expertise & valuation – WAX’s underwriters understand the nuances of wine and spirits, including bottle provenance, bottling variations and investment‑grade whiskies.
Real‑World Case Study
A collector lost thousands of dollars’ worth of bourbon when a bottle rack collapsed. WAX covered the breakage. Another enthusiast’s uninsured wine collection spoiled after a refrigeration failure while they were on vacation; the financial hit forced them to sell other assets.
Frequently Asked Questions
Q: Does WAX insure whiskey and bourbon collections?
A: Yes. We insure rare spirits alongside wine.
Q: What if my wine is stored in a bonded warehouse?
A: Coverage applies to warehouse storage as long as the facility meets WAX’s security and climate standards.
Q: Are cork failure and oxidation covered?
A: Yes, if they result from insured perils or equipment breakdown.
Ready to protect your collection?
Collectors can request a quote in minutes through WAX’s digital platform, and brokers can contact us for cellars of any size.
