whiskey collection Diageo Claive Vidiz collection, the largest Scotch Whisky collection in the world on July 10, 2012, in Edinburgh, Scotland, UK. (Photo: Shutterstock)

With prices of rare whisky soaring into the six and seven digits, ensuring that precious spirit is protected is not only recommended but essential, says Ron Fiamma, head of global collections at AIG's private client group. The insurance giant has seen such an uptick in whisky collecting that it has expanded its coverage of specialty collections to include those whose tastes run to a 1926 Macallan.

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