Up to £100,000 of privately owned rare and vintage whisky for an annual premium of £295 including IPT and a £15 administration fee.
If you're lucky enough to have a collection exceeding £100,000, for every £50,000 of additional cover a further £140 (including IPT) is charged up to £300,000.
Thereafter, the rate will decrease with tailored rating where required within these bounds to match specific sums insured
It covers your whisky collection against all risks of physical loss or damage worldwide.* So, accidental damage, fire, theft, flood and storm are all covered.
If you buy a new bottle, your newly owned item is automatically covered for up to 10% of the policy limit. This is provided you advise us within 90 days of the acquisition and any additional premium paid.
So when you're buying rare whisky you're safe in the knowledge that from the moment you own it, it's insured. The policy also provides cover whilst bottles are being moved from one location to another.
Water damage to unique labels artwork and the cost to restore the labels is covered. Any subsequent depreciation in value of the bottle as a result of restoration work is also covered.
A few minutes could save you thousands if a claim arises.
Alternatively, you can download and complete this fact find - remember to note your SMWS membership number.
It's a common misconception to assume that your whisky collection is covered under your home content policy.
Many household policies have low single article limits. This means insurers will not pay any claim for a single item this worth more, on average, £2000 in value.
Even then, the cover might not recognise the insurance needs that a collection warrants. Such as covering the bottles when you're away from home.
Our policy will pay up to 125% of the policy limit if the collection has increased with the policy period due to change to the market value.
This is subject to the proof of value at inception and at the time of loss. But it gives a little comfort if your inventory isn't up to date and a loss occurs, so the policy has built-in a little headroom
Perhaps you own or are buying some whisky in a cask? Did you know that most storage facilities won’t offer insurance for your investment?
Likewise, if you are buying directly from a distillery, once the ownership of the cask moves from a distillery to a private owner they are also unlikely to continue insuring the cask.