Wine must be stored properly. Bottles can be dropped and broken. Freezing or overheating can ruin quality. In order to properly value a wine collection, you need to know the wine market. Like any other asset, a collections value should be updated periodically. Wine collections need to be insured. Most common insurance policies are not adequate to cover a collection of fine wines. Coverage should include anything that affects the value of the wine and should not have a deductible.
Knowing how to care for a collection is also imperative. Wine must be kept at the right temperatures. Exposure to too much heat or cold can make wines age faster. Storing wines on their sides and away from light will keep the cork wet and prevent oxygen from entering the bottles. Shipping wines carefully to maintain correct temperatures and prevent breakage is also part of a collection risk management strategy.

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