[quantim]

No appraisals are necessary unless you have individual bottles that are worth more than $10,000. All that is required is the actual number of bottles and their aggregate value. Remember that vintages tend to appreciate in value as they age, so it is critical to use the market price

Seems ripe for fraud.  Print a bunch of preferred Petrus labels with the better vintages on a new fancy digital laser printer, dust up the bottles, photograph and catalogue them, and flood the basement.  Hopefully the claims adjuster is skilled enough to sort out the riff-raff.

[NautiNurse]

Seems ripe for fraud.

I would imagine the bottles have some identifier on them. No?