The calculator and the quote form below are in Dutch. Prefer to do this in English? Email info@finassverzekert. nl or call 072 - 509 24 56 and we will take it from there.
Work out for yourself what it would cost.
Enter your details; you will receive a proposal within one working day.
We compare the offerings of several insurers
An adviser checks whether the cover suits your situation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
A wine collection can be ruined without a single broken bottle. A climate cabinet that fails while you are on holiday, a cellar that gets too warm for one summer, a consignment that stood too long in the sun in transit: the bottles look undamaged and are unsaleable. The question is then not whether there is a loss, but how you prove it.
The dividing line in the conditions is sharp. Failure of the climate control through a defect or a power cut is normally covered. A gradual deviation in temperature, a cellar that is structurally too warm and a cork that starts to leak after years are not: those are storage conditions and inherent defects.
We arrange the declaration on the basis of your cellar records and check whether bottles held at a merchant or in an external vault belong on your policy or on that of the bailee.
The structure of the cover in three parts, with an overview per situation below.
The cover
Comprehensive
Loss, falls and damage as well.
Theft and loss
Falls and knocks
Covered worldwide
The value
Valuation
Agreed in advance, no discussion afterwards.
Article 7:960 of the Dutch Civil Code
Period of validity
Periodic revaluation
Please note
Conditions
What limits the cover.
Safe clause at home
Conditions on wearing the item
Excess per item
What is covered
Situation
Home contents
Valuables
Theft after a burglary at home
Sometimes
Yes
Loss outside the home
No
Yes
Falls or knocks
Sometimes
Yes
Theft from a bag in the street
No
Yes
Damage abroad
No
Yes
Wear and tear and ageing
No
No
This overview is general in nature and is not personal advice. What is actually covered, including exclusions, limits and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart) of the insurer; you receive both before you take out cover. Taking out cover without advice? Then read what execution only means for you.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
Failure versus gradual deviation
Insurers cover damage caused by a a sudden and unforeseen event: a defective compressor, a power cut, a broken thermostat. If the temperature rises slowly because the cellar simply gets warmer in summer, that is not an event but a circumstance, and there is no cover. So record what failed and when; without that finding, the claim falls into the excluded category.
An alarm on the climate cabinet is a condition of acceptance
For collections of any size, insurers ask for temperature monitoring that raises an alarm on your phone, and sometimes for a second power supply. That is not advice but a warranty clause on the policy schedule: if the monitoring was not working or was switched off, payment may be refused. Check the alerts periodically and keep the cabinet's log files.
The label and capsule determine the market value
A leak in the cellar makes labels illegible while the wine itself remains sound. For the market value that is very much a loss. Whether this falls under your policy depends on whether a fall in value without any harm to the contents is insured. If that provision is not there, you are paid nothing for bottles you can now only drink yourself.
Bottles held elsewhere
Many collectors leave part of a purchase with the merchant or in an external wine vault. Those bottles are not at your risk address. Ask the bailee in writing whether, and up to what amount, they are insured, and have the difference added to your own policy. The transport on delivery also rarely falls under the standard cover of your home policy.
What does your premium depend on?
Valued amount of the cellar. The total value of the stock according to your cellar records.
Method of storage. A conditioned cellar, a climate cabinet or an ordinary storeroom are assessed differently.
Temperature monitoring and alerts. The presence of an alarm that reports a failure is often a condition of acceptance.
Including cover for a fall in value. Cover for damage to labels and capsules without harm to the contents costs extra.
Storage with third parties. Bottles away from your home require separate location and transit cover.
Turnover of the stock. A cellar that is constantly topped up and emptied calls for a different arrangement from a fixed collection.
Insurers weigh these details differently. That is where your saving is.
How we arrange it
You request a quoteWe take stock of your situation, your risk and your wishes.
We compareseveral insurers, on premium as well as conditions.
You receive a proposalWith an explanation of the differences and the exclusions.
We arrange the switchIncluding cancellation, so there is no gap in cover.
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
My climate cabinet failed while I was on holiday. Is that covered?
With a defect or a power cut it normally is, provided the temperature monitoring named on your policy was working. Have the defect established by an engineer and keep the cabinet's log files. Without a demonstrable cause and timeline, the loss is quickly assessed as a gradual deviation, and that is excluded.
The bottles are intact but the labels are gone. Am I paid anything?
Only if a fall in value without harm to the contents is insured on your policy. For the market value an illegible label is very much a loss, but many wordings pay only for loss of or damage to the wine itself. Ask about this expressly when you apply. The provision cannot be amended afterwards.
Are bottles held at the merchant insured as well?
Not automatically. In principle your policy covers the risk address declared. Ask the bailee in writing what cover and what maximum they operate and have the difference added to your own policy. Think of the delivery too: transport rarely falls under the standard cover of a home policy.
What is never paid for with wine?
Cork taint and other inherent defects of the wine, gradual temperature deviation in an unconditioned space, and a fall in value through a disappointing vintage or market. Bottles you drop yourself while pouring also fall outside collection cover. The policy is about the stock as an asset, not about consumption.
Read more
Within Art on home contents or valuables insurance
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
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