Watch Insurance

twin fed · 06-20-2018, 03:51 PM

I was just curious if anyone here insures their watches? I have a nice collection but only 3 that I would consider insuring. I have some of my wife's jewelry insured through our homeowners policy. I could just add it to that I guess. Or is there any watch specific insurers out there? And if you do insure a watch what do you pay, if you don't mind stating?

eatsleepboost · 06-20-2018, 04:33 PM

I am curious about this as well as I will have my Daytona in less than 2 months.

jpdchicago · 06-20-2018, 04:56 PM

Quote:

Originally Posted by eatsleepboost

I am curious about this as well as I will have my Daytona in less than 2 months.

I have mine insured as an itemized item on my homeowners policy. Not a huge increase and worth it on a $15,000 watch (SS Daytona).
I wear it every day.
Definitely do it. Just takes a phone call.

BEM-S4 · 06-20-2018, 05:36 PM

You should always put a decent timepiece on your insurance policy, it's not expensive. If you didn't buy it within the last 12 months (at least for my carrier) you need to take it to a jeweler and get it appraised. That's it. Very easy.

ny325 · 06-20-2018, 11:54 PM

Your looking at around $300-$550 a year. It depends on the value of your watches.

twin fed · 06-21-2018, 09:03 AM

Thanks for the replies. That was pretty much what I was expecting to hear.

1MOREMOD · 06-21-2018, 09:08 AM

Quote:

Originally Posted by jpdchicago

I have mine insured as an itemized item on my homeowners policy. Not a huge increase and worth it on a $15,000 watch (SS Daytona).
I wear it every day.
Definitely do it. Just takes a phone call.

Yeah I've done the same for my watches wives ring and some of my more spendy guns

Clark_Kent · 06-21-2018, 09:18 AM

I have a VPP rider for all of our jewelry not just the watches. It’s a small price to pay and worth it. There’s no deductible either so that’s nice.

uniqueMR · 06-21-2018, 09:23 AM

Looking into watch insurance for myself as well..

hooligan_G01 · 06-21-2018, 12:05 PM

Quote:

Originally Posted by Clark_Kent

I have a VPP rider for my all of our jewelry not just the watches. It’s a small price to pay and worth it. There’s no deductible either so that’s nice.

This.

We have my wife's jewelry and our watches on it.

TheWatchGuy · 06-21-2018, 06:00 PM

i have jewelry coverage on my homeowners insurance up to a certain amount. should probably raise that coverage after a few purchases this last month though.

if you want a separate insurance, most jewelry insurers will insure watches as well, and you can get pretty good rates for $0 deductibles. Just a quick quote for ~30k worth of watches is $400 a year w/ 0$ deductibles from jewelers mutual.

Fender150 · 06-21-2018, 08:06 PM

i have mine insured, its a 100lbs steel safe

1MOREMOD · 06-21-2018, 08:07 PM

Quote:

Originally Posted by Fender150

i have mine insured, its a 100lbs steel safe

Well that too but I wear them also and that's a pretty small safe.

Fender150 · 06-21-2018, 09:59 PM

its just for watches lol

1MOREMOD · 06-21-2018, 10:13 PM

Ah okay

JamesWWIII · 06-21-2018, 10:30 PM

Quote:

Originally Posted by Fender150

i have mine insured, its a 100lbs steel safe

Unless it's bolted to the floor or stuck in a wall, 100 lbs is pretty easy for a thief to carry out of your home.

Fender150 · 06-21-2018, 11:25 PM

Quote:

Originally Posted by JamesWWIII

Unless it's bolted to the floor or stuck in a wall, 100 lbs is pretty easy for a thief to carry out of your home.

Nice big bolt into concrete floor 👍🏻

twin fed · 06-25-2018, 09:31 AM

I have a large safe too, the problem is a safe won't help when you get mugged on the street.

NoMoreAudi · 06-27-2018, 12:09 PM

I do it through my homeowner's insurance. It's $6/month for an appraised 15k.

Hawkeye · 06-27-2018, 04:24 PM

That's pretty dang cheap! I have my wife's jewelry and my guns on my homeowners policy.

stooker · 06-27-2018, 07:32 PM

Quote:

Originally Posted by Fender150

Nice big bolt into concrete floor 👍🏻

Depending on the setup, that's nothing a little leverage can't overcome. When I had my gun safe delivered the guy advised me to cover any gaps that thieves could wedge a bar in. He'd seen all sorts of break ins, and in the end it really doesnt matter to a determined thief if it's bolted down. You can only buy some time before someone shows up, assuming you have a home alarm, someone reports the break in, etc. Take it for what it's worth, it really depends on your situation.

TSM330i · 07-20-2018, 10:43 AM

I do have mine in the gun safe, but I also have mine insured on my homeowners policy.
I'm in a unique situation compared to most people insuring watches though. I inherited my grandfathers 1971 Rolex Daytona Exotic Dial. It's worth about as much as my house is worth LOL! So, adding it to my homeowners policy was a pretty large jump in premiums (understandably).
In the end, I can't risk not insuring my watches. One of them is basically irreplaceable if something were to happen.

06-20-2018, 03:51 PM	#1
twin fed Doc Brown 1184 Rep 2,178 Posts Drives: 2016 MG MT M2 Join Date: May 2008 Location: Isle of Long iTrader: (2)	Watch Insurance I was just curious if anyone here insures their watches? I have a nice collection but only 3 that I would consider insuring. I have some of my wife's jewelry insured through our homeowners policy. I could just add it to that I guess. Or is there any watch specific insurers out there? And if you do insure a watch what do you pay, if you don't mind stating? __________________
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06-20-2018, 04:33 PM	#2
eatsleepboost Captain 422 Rep 656 Posts Drives: Evo Join Date: Aug 2017 Location: Boston iTrader: (1)	I am curious about this as well as I will have my Daytona in less than 2 months.
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06-20-2018, 05:36 PM	#4
BEM-S4 Major General 4531 Rep 8,942 Posts Drives: Dinan M235, Dinan Sport Wagon Join Date: Oct 2012 Location: Philadelphia iTrader: (5)	You should always put a decent timepiece on your insurance policy, it's not expensive. If you didn't buy it within the last 12 months (at least for my carrier) you need to take it to a jeweler and get it appraised. That's it. Very easy. __________________ 2022 Macan S 2016 F31 328i xDrive Sport Wagon 2006 E46 330ci ZHP Convertible
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06-20-2018, 11:54 PM	#5
ny325 Brigadier General 898 Rep 3,140 Posts Drives: Jet Black E90 Join Date: Feb 2007 Location: Gridlock iTrader: (0)	Your looking at around $300-$550 a year. It depends on the value of your watches.
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06-21-2018, 09:03 AM	#6
twin fed Doc Brown 1184 Rep 2,178 Posts Drives: 2016 MG MT M2 Join Date: May 2008 Location: Isle of Long iTrader: (2)	Thanks for the replies. That was pretty much what I was expecting to hear. __________________
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06-21-2018, 09:18 AM	#8
Clark_Kent Lieutenant Colonel 2307 Rep 1,916 Posts Drives: Retired Join Date: Jul 2014 Location: Atlanta, GA iTrader: (0)	I have a VPP rider for all of our jewelry not just the watches. It’s a small price to pay and worth it. There’s no deductible either so that’s nice. Last edited by Clark_Kent; 06-21-2018 at 02:23 PM..
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06-21-2018, 09:23 AM	#9
uniqueMR Colonel 1898 Rep 2,927 Posts Drives: ... Join Date: Dec 2017 Location: USA iTrader: (0)	Looking into watch insurance for myself as well.. __________________ Currently: '22 Ferrari F8 \| '24 Mercedes G63 \| '24 Porsche GT3RS \| '24 Volkswagen GTI Previous BMWs: 340i, 740i, 745Li, M3, M4 Previous Others: Audi, Ducati, Honda, Infiniti, Land Rover, Mercedes-Benz, MINI, Mitsubishi, Porsche, Toyota, Volkswagen
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06-21-2018, 06:00 PM	#11
TheWatchGuy Colonel 3929 Rep 2,547 Posts Drives: 335xi Join Date: Mar 2018 Location: CO iTrader: (0)	i have jewelry coverage on my homeowners insurance up to a certain amount. should probably raise that coverage after a few purchases this last month though. if you want a separate insurance, most jewelry insurers will insure watches as well, and you can get pretty good rates for $0 deductibles. Just a quick quote for ~30k worth of watches is $400 a year w/ 0$ deductibles from jewelers mutual.
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06-21-2018, 08:06 PM	#12
Fender150 Lieutenant 355 Rep 464 Posts Drives: F82 M4 Join Date: Apr 2015 Location: PA iTrader: (0)	i have mine insured, its a 100lbs steel safe
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06-21-2018, 09:59 PM	#14
Fender150 Lieutenant 355 Rep 464 Posts Drives: F82 M4 Join Date: Apr 2015 Location: PA iTrader: (0)	its just for watches lol
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06-21-2018, 10:13 PM	#15
1MOREMOD - 11820 Rep 23,186 Posts Drives: Race car-> Join Date: Mar 2009 Location: check your mirrors iTrader: (5)	Ah okay
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06-25-2018, 09:31 AM	#18
twin fed Doc Brown 1184 Rep 2,178 Posts Drives: 2016 MG MT M2 Join Date: May 2008 Location: Isle of Long iTrader: (2)	I have a large safe too, the problem is a safe won't help when you get mugged on the street. __________________
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06-27-2018, 12:09 PM	#19
NoMoreAudi Lieutenant 225 Rep 421 Posts Drives: F86 Join Date: Sep 2015 Location: California iTrader: (3) Garage List 2019 X6M [0.00]	I do it through my homeowner's insurance. It's $6/month for an appraised 15k.
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06-27-2018, 04:24 PM	#20
Hawkeye Brigadier General 2065 Rep 4,365 Posts Drives: '07 Z4 Coupe, '21 X3, '16 GMC Join Date: Aug 2007 Location: Iowa iTrader: (0) Garage List 2016 GMC Sierra SLT [10.00] 2008 Yamaha R6 [9.00]	That's pretty dang cheap! I have my wife's jewelry and my guns on my homeowners policy. __________________ 2007 Z4 3.0si Coupe • 6 MT • Black Saphire Metallic • PP • SP 2016 GMC Sierra SLT Z71 Premium Plus 4x4 2017 Harley StreetGlide • Denim Black • V&H Tune 2021 BMW x30i • Phytonic Blue Metallic • Fully loaded
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07-20-2018, 10:43 AM	#22
TSM330i 2006 330i, TSM, Black, manual, sport 893 Rep 3,698 Posts Drives: '17 C2, GTI, Z4 3.0si Racecar Join Date: Nov 2005 Location: Chester Springs, PA iTrader: (2)	I do have mine in the gun safe, but I also have mine insured on my homeowners policy. I'm in a unique situation compared to most people insuring watches though. I inherited my grandfathers 1971 Rolex Daytona Exotic Dial. It's worth about as much as my house is worth LOL! So, adding it to my homeowners policy was a pretty large jump in premiums (understandably). In the end, I can't risk not insuring my watches. One of them is basically irreplaceable if something were to happen. __________________ 2017 Porsche C2 - manual of course 2015 GTI S 2008 BMW Z4 3.0si Coupe - because racecar
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