I have a $500,000 collection. State Farm and Allstate told me I hit their cap. I had to choose between the two heavyweights of high-net-worth insurance: Chubb and AIG Private Client. I spent weeks comparing their “Collections” policies. Here is the 2026 showdown.
Key Takeaways
- Market Value Payment: Both offer 150% caps, but Chubb is historically faster at paying “Current Market Value” without arguing over which auction results to use.
- Breakage: Both include breakage automatically (no deductible).
- “Buy Back” Option: If they pay you for a “total loss” (e.g., label damage) but you want to keep the bottle to drink, Chubb has a very streamlined process for you to buy it back at salvage value.
- Newly Acquired: Chubb offers 90 days of automatic coverage for new purchases. AIG typically offers 90 days as well, but check the specific “Collections” endorsement.
The “Why” (The Trap)
The trap is “Claims Handling Service.”
The policy language is 95% identical. The difference is the human element. When you claim a $10,000 bottle, does the adjuster ask for a receipt from 1995 (which you don’t have), or do they accept a CellarTracker export?
The Investigation (The Head-to-Head)
Chubb (Masterpiece)
- Pros: The “Cash Settlement” option. If a bottle breaks, they send you the cash. You don’t have to replace the bottle. You can use the money to buy a different wine.
- Cons: Strict underwriting. They might require a full home inspection and background check.
- The Vibe: “White Glove.” You pay a premium for zero friction.
AIG Private Client (PCG)
- Pros: often more flexible with “Blanket” limits. They allow higher un-itemized limits, which is great if you trade frequently and hate paperwork.
- Cons: In 2026, they have leaned heavily into AI claims processing. Some users report it feels less “personal” than before.
Pure (The Challenger)
- Pros: Owned by Tokio Marine. Very competitive rates for “bundled” customers (Home + Auto + Wine).
- Cons: Smaller network of specialized wine appraisers compared to Chubb.
Comparison Table
| Feature | Chubb | AIG Private Client | Pure |
| Market Value Cushion | 150% | 150% | 150% |
| Breakage Deductible | $0 | $0 | $0 |
| New Purchase Grace | 90 Days | 90 Days | 90 Days |
| Cash Settlement | Yes | Yes | Yes |
| Premium Cost | | | |
Step-by-Step Action Plan
- Get a Broker: You cannot buy these policies online. You need an independent broker who represents all three.
- Ask for a “Specimen Policy”: Don’t read the brochure. Read the actual contract. Look for “Valuation” clauses.
- Bundle: These carriers only want your wine if they get your house and cars too. Standalone wine policies with them are rare.
FAQ
Is it worth the extra cost?
If your collection is over $100k, yes. Standard carriers will nightmare you on valuation. Chubb/AIG will cut the check.
Do they cover “Cork Taint”?
Generally, no. Even the best exclude inherent vice.