All whiskies on THE SWEX are automatically insured at the value as determined by Scotch Whisky International B.V.. The value of bottles in cask (virtual bottles) is based on the historical sales prices of physical bottles that are comparable in terms of distillery, age and bottler. The time remaining until bottling is also taken into account. The value of bottles is based on historical auction and retail price data (source: Whiskystats and Whiskybase).
If a bottle is damaged or lost due to (including but not limited to) burglary, theft, fire or flooding, SWI is not liable for more than the amount paid in this regard by the insurer of the Bottle in question or the insurer of the relevant distillery or bonded warehouse. If the insurer makes a total payment for the loss of several bottles, the total amount paid out will be divided pro rata and SWI is not obliged to reimburse more.