Wine storage insurance is a type of insurance coverage that specifically caters to the needs of wine storage facilities. It is designed to provide financial protection against potential risks and losses that may occur during the storage of wine, such as theft, damage due to fire or flooding, or spoilage caused by temperature fluctuations.

The storage insurance will cover the value of the stored wine and Ascend can arrange for the processing costs to be included in the storage valuation, as well as any potential damage to the storage facility itself of general perils. It can also provide liability coverage in case of accidents or injuries that occur on the premises of the storage facility.

Having your wine storage insurance conditions being suitable for each individual company specifications is crucial for businesses to help mitigate potential financial losses and ensures security.