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insurance for my collection

 
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Joined: 31 Mar 2011
Posts: 19
Location: glasgow

PostPosted: Thu Mar 31, 2011 7:51 pm    Post subject: insurance for my collection Reply with quote

hi guys,i thought it was about time i joined your forum after so long reading the posts.anyway i started collecting whisky around 18 months ago and also recently acquired a taste for the good stuff Top Malt .i have around 30 bottles and would like to insure them.does anyone know of any insurance companies that specialises in whisky collections,thanks,allan
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Keith
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Joined: 19 Dec 2006
Posts: 1531
Location: Scotland

PostPosted: Thu Mar 31, 2011 8:01 pm    Post subject: Reply with quote

Allan welcome to the SMW forum.

Have you tried contacting your current home insurer to see what they say.
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late starter
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Joined: 31 Mar 2011
Posts: 19
Location: glasgow

PostPosted: Thu Mar 31, 2011 8:07 pm    Post subject: Reply with quote

thanks keith,i have just taken my collection to my fathers house (it`s safer there) and he`s going to phone his insurance company tomorrow.i was just wondering if there was any specialist companies out there that i can compare prices against
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JAB
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Joined: 22 Jul 2009
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PostPosted: Thu Mar 31, 2011 9:14 pm    Post subject: Reply with quote

Mine WAS covered by my house insurance!
But i am affraid i think the value of it has shot up past the limits on it!
So think i will also be contacting a few companies about taking out a policy just for all of my bottles!

So if any one has any ideas on the best companies to contact i am sure late starter and my self would appreciate it!

I am also considering getting mine valued for insurace purposes, and ideas who can do this? maybe mctears?

John
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Charlie
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Joined: 23 Sep 2008
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PostPosted: Thu Mar 31, 2011 10:49 pm    Post subject: Reply with quote

I think individual insurance companies approach this differently. I have heard of some willing to insure it as a collection, some want every bottle individually named, some try to treat it like a wine collection, some may ask for independent valuation. Some just wont even consider insuring a consumable item. Best thing i can suggest is to call around different insurers to get one that offers what you want. If you need to give a valuation and you can still purchase the whisky you have at online whisky specialist shops then i would quote the shops.
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Tom W
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Joined: 06 Oct 2010
Posts: 220
Location: Dartford

PostPosted: Fri Apr 01, 2011 5:15 pm    Post subject: Reply with quote

JAB wrote:
Mine WAS covered by my house insurance!
But i am affraid i think the value of it has shot up past the limits on it!
So think i will also be contacting a few companies about taking out a policy just for all of my bottles!

So if any one has any ideas on the best companies to contact i am sure late starter and my self would appreciate it!

I am also considering getting mine valued for insurace purposes, and ideas who can do this? maybe mctears?

John


500 at bottles at £50 average = £25K! and i'm sure this is a very conservative estimate of your collection JAB....

definitely contact a company and try and get a special policy, who knows what your collection will be worth in years to come..especially the rate you keep adding to it!
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