Friday, July 22, 2011

Dropping a Million Dollars Worth of Wine

When was the last time you reviewed your insurance policy to determine if you have coverage for dropping a pallete of wine?  Does your policy cover you for replacement costs? What about lost profits?
Million dollar drop as wine tumbles
  • Staff writer
  • From:Herald Sun
  • July 22, 201112:00AM

IT was certainly an expensive drop - more than $1 million worth of shiraz wine has gone down the drain after it was dropped by a malfunctioning forklift.

The 462 cases of 2010 Mollydooker Velvet Glove shiraz - at $185 a bottle - fell more than 6m to the ground as it was being loaded for export from Adelaide to the US.

The drop was so forceful, the bottles punched through the top of the cartons. Winemaker Sparky Marquis said the accident had cost him a third of his annual production.

"We just couldn't believe it," Mr Marquis said.

"This wine is our pride and joy, so to see it accidentally destroyed, and not consumed, has left us all a bit numb."

Mr Marquis now is working with insurance agencies to help recoup the losses.

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