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Rolexitis · 20 July 2013, 07:11 AM

Just in case some of you are on the fence about having your watches or jewelry insured, DO IT. I got a policy through Jewelers Mutual on my new 116710 and a new ring I just bought my wife for our early 15th anniversary. $18,950 in coverage with zero deductible for $180 for the year. I think it's more than reasonable and I have extra peace of mind. Just my watch alone would have just been $80.

Yeah, I spent more on my wife's ring than my watch.

she is the bomb.

Just wanted to share.

Billywiz · 20 July 2013, 07:15 AM

Quote:

Originally Posted by Rolexitis

Just in case some of you are on the fence about having your watches or jewelry insured, DO IT. I got a policy through Jewelers Mutual on my new 116710 and a new ring I just bought my wife for our early 15th anniversary. $18,950 in coverage with zero deductible for $180 for the year. I think it's more than reasonable and I have extra peace of mind. Just my watch alone would have just been $80.

Yeah, I spent more on my wife's ring than my watch.

she is the bomb.

Just wanted to share.

I AGREE WITH YOU...19k cover non deduct able for 180.00 a year sounds low though?

MY POLICY IS WITH THESE FOLKS AND THEY ARE VERY GOOD. ALSO IT AVOIDS AFFECTING YOUR HOUSE POLICY IF YOU HAVE A CLAIM. Good advice!

Rolexitis · 20 July 2013, 07:27 AM

Quote:

Originally Posted by Billywiz

I AGREE WITH YOU...19k cover non deduct able for 180.00 a year sounds low though?

MY POLICY IS WITH THESE FOLKS AND THEY ARE VERY GOOD. ALSO IT AVOIDS AFFECTING YOUR HOUSE POLICY IF YOU HAVE A CLAIM. Good advice!

That's exactly what I told my wife when she suggested adding to homeowners and I Said NOOO big mistake if we ever have to actually utilize it. The rate is based on where you live, alarm system, safe etc etc.

c.rod · 20 July 2013, 07:29 AM

had a claim once on home owners for a watch. really really good rates sky rocketed almost immeadately

threemonkeys · 20 July 2013, 07:52 AM

Quote:

Originally Posted by c.rod

had a claim once on home owners for a watch. really really good rates sky rocketed almost immeadately

Do you mind my asking which insurance company you were using. I have my watches through State Farm.

c.rod · 20 July 2013, 02:23 PM

Quote:

Originally Posted by threemonkeys

Do you mind my asking which insurance company you were using. I have my watches through State Farm.

im trying to remember now. im pretty sure it was AAA.

in fact i still have a watch covered under my current insurance (not AAA). i think when i add another one ill look into the jewelers ins.

Jason71 · 20 July 2013, 10:45 PM

Quote:

Originally Posted by c.rod

had a claim once on home owners for a watch. really really good rates sky rocketed almost immeadately

My experience has been quite different. I had a catastrophic event at my house several years ago when my house was struck by lightning. Lightning struck my masonry chimney and it exploded and caved-in the roof during a thunderstorm. There was water damage as well as structural damage. It was a $70,000 claim, and my insurance company paid it out with almost no hassle whatsoever. My rates only increased MARGINALLY.......They almost didn't go-up at all.

Farm Bureau Insurance Company. Boat, Cars, House, etc.......all insured through them.

c.rod · 21 July 2013, 01:36 AM

Quote:

Originally Posted by Jason71

My experience has been quite different. I had a catastrophic event at my house several years ago when my house was struck by lightning. Lightning struck my masonry chimney and it exploded and caved-in the roof during a thunderstorm. There was water damage as well as structural damage. It was a $70,000 claim, and my insurance company paid it out with almost no hassle whatsoever. My rates only increased MARGINALLY.......They almost didn't go-up at all.

Farm Bureau Insurance Company. Boat, Cars, House, etc.......all insured through them.

well, imo that is a little different than a "theft" of watches, jewls etc.
the ins. adjuster told me its the worst "hit" to your insurance score for making that type of claim. also. its like a drivers license. it takes so many years for it to go away. even though i switched providers it was still higher than normal, and has decreased every year back to about normal. total BS.

i think it has to do with them thinking it could be some sort of a scam... whether you filed a police report or not.

jonanator · 20 July 2013, 07:35 AM

So the consensus is to get it insured outside of your house policy? Anybody know of anyone that does this type of insurance in Canada?

Rolexitis · 20 July 2013, 07:44 AM

Homeowners policies just wait for claims to be filed and then screw you. I'm not sure about Canada.

Brandon(phila) · 7 August 2013, 05:13 AM

Quote:

Originally Posted by jonanator

So the consensus is to get it insured outside of your house policy? Anybody know of anyone that does this type of insurance in Canada?

On thier website it says Canada too

lavaman · 20 July 2013, 07:48 AM

very good to know. I have a bunch to ensure

Armyguy03 · 20 July 2013, 07:54 AM

All mine insured via USAA. I wear worry free!

Chaching · 20 July 2013, 11:29 AM

Quote:

Originally Posted by Armyguy03

All mine insured via USAA. I wear worry free!

Same here!

paverman · 20 July 2013, 01:20 PM

Insure all, keep some in safe deposit box, remainder in home safe, and guard with S&W. Think that covers it.

springer · 22 July 2013, 09:54 AM

Quote:

Originally Posted by Chaching

Same here!

I had USAA for 25 years and now have Farm Bureau. Much better rates. USAA seems to be insuring everyone now and it is reflected in their rates.

handsfull · 22 July 2013, 01:38 PM

Quote:

Originally Posted by springer

I had USAA for 25 years and now have Farm Bureau. Much better rates. USAA seems to be insuring everyone now and it is reflected in their rates.

Same here. I still hold USAA accounts but no longer carry insurance with them. Perfect Circle (Jewelers mutual) is a no-brainer....low prices coupled with damage/theft coverage in a policy that ISN'T TIED to your homeowners insurance. Why would I want to risk paying more for insurance on my house if/when I ever had to file a claim for my wristwatch/wife's ring?

rohardi · 20 July 2013, 10:34 PM

Quote:

Originally Posted by Armyguy03

All mine insured via USAA. I wear worry free!

Same here as well. I had to file a claim, ZERO deductible and my rates didn't even go up. And yes, the policy has renewed since the claim. If you have the ability to use USAA, I HIGHLY recomend them.

blue lion · 22 July 2013, 10:13 AM

Quote:

Originally Posted by Armyguy03

All mine insured via USAA. I wear worry free!

oilman666 · 20 July 2013, 08:01 AM

So I have seen my inexpensive policy jump 300% in a year , yeah same company as my homeowner & auto, but had a small claim and quickly paid out. Any one else have a similar experience good or bad. Or will recommend a stand alone company?

ec51 · 20 July 2013, 09:05 AM

Anyone here make a claim with jewelers mutual and then not have their rates go up?

jdk123 · 20 July 2013, 10:32 AM

Wear it in good health!

cop414 · 20 July 2013, 10:36 AM

I too have my Sub insured through Jewler's Mutual, great peace of mind! I would like to hear from anyone as posted above who has made a claim through them if their rates went up though.

Hairdude1 · 20 July 2013, 10:38 AM

I insure my watches as well better be safe than sorry

ROLEX4EvEr · 20 July 2013, 04:07 PM

With 5 Rolex's I'm looking into it Monday!! ASAP

Rolexitis · 20 July 2013, 10:27 PM

Quote:

Originally Posted by ROLEX4EvEr

With 5 Rolex's I'm looking into it Monday!! ASAP

You can go to Jewelers Mutual.com 24/7 and enter your info for a quote and then purchase right there if you choose.

nickng · 20 July 2013, 10:30 PM

I think it's always good to have them insured for good peace of mind. Unless there is another alternative.

AbqRolexFan · 20 July 2013, 10:41 PM

I've got my watches insured through USAA too. I haven't ever filed a watch claim, but their service for a camera claim of mine was top-notch.

sirjohnbrian · 20 July 2013, 10:43 PM

Can you insure even if you are not currently on USAA?

Armyguy03 · 20 July 2013, 10:47 PM

Quote:

Originally Posted by sirjohnbrian

Can you insure even if you are not currently on USAA?

No, you must be a member.

20 July 2013, 07:11 AM	#1
Rolexitis "TRF" Member Join Date: May 2008 Real Name: Matt Location: Earth Watch: 114060 Posts: 3,203	Insurance $$$$ DO IT Just in case some of you are on the fence about having your watches or jewelry insured, DO IT. I got a policy through Jewelers Mutual on my new 116710 and a new ring I just bought my wife for our early 15th anniversary. $18,950 in coverage with zero deductible for $180 for the year. I think it's more than reasonable and I have extra peace of mind. Just my watch alone would have just been $80. Yeah, I spent more on my wife's ring than my watch. she is the bomb. Just wanted to share. __________________ Card Carrying Member of the Global Association of Retro-Grouch-Curmudgeons

20 July 2013, 07:44 AM	#10
Rolexitis "TRF" Member Join Date: May 2008 Real Name: Matt Location: Earth Watch: 114060 Posts: 3,203	Homeowners policies just wait for claims to be filed and then screw you. I'm not sure about Canada. __________________ Card Carrying Member of the Global Association of Retro-Grouch-Curmudgeons

20 July 2013, 07:54 AM	#13
Armyguy03 "TRF" Member Join Date: Nov 2012 Location: DM[V] Watch: 16710 \| 16600 Posts: 3,546	All mine insured via USAA. I wear worry free! __________________ Member of the Global Association of Retro-Grouch-Curmudgeons

20 July 2013, 08:01 AM	#20
oilman666 "TRF" Member Join Date: Apr 2013 Real Name: Robert Location: new york Watch: Audemars Royal Oak Posts: 137	So I have seen my inexpensive policy jump 300% in a year , yeah same company as my homeowner & auto, but had a small claim and quickly paid out. Any one else have a similar experience good or bad. Or will recommend a stand alone company? __________________

20 July 2013, 10:32 AM	#22
jdk123 "TRF" Member Join Date: Apr 2011 Location: Seattle, WA Watch: 16610LV Posts: 88	Wear it in good health! __________________ "Of all losses, time is the most irrecuperable, for it could never be redeemed." -King Henry VIII

20 July 2013, 07:29 AM	#4
c.rod "TRF" Member Join Date: May 2012 Location: Midwest Posts: 1,252	had a claim once on home owners for a watch. really really good rates sky rocketed almost immeadately

20 July 2013, 07:35 AM	#9
jonanator "TRF" Member Join Date: Sep 2007 Real Name: Jonathan Location: Canada Watch: DJ, Daytona, BLNR Posts: 40	So the consensus is to get it insured outside of your house policy? Anybody know of anyone that does this type of insurance in Canada?

20 July 2013, 07:48 AM	#12
lavaman Banned Join Date: Apr 2009 Location: The Airport Watch: what happens next Posts: 1,942	very good to know. I have a bunch to ensure

20 July 2013, 01:20 PM	#15
paverman "TRF" Member Join Date: Jan 2010 Real Name: Ken Location: Illinois Watch: Too many Posts: 2,870	Insure all, keep some in safe deposit box, remainder in home safe, and guard with S&W. Think that covers it.

20 July 2013, 09:05 AM	#21
ec51 Banned Join Date: Apr 2011 Real Name: Eric Location: NY Watch: 14060M Posts: 1,642	Anyone here make a claim with jewelers mutual and then not have their rates go up?

20 July 2013, 10:36 AM	#23
cop414 TRF Moderator & 2024 SubLV41 Patron Join Date: Apr 2012 Real Name: Tim Location: Pennsylvania Watch: 14060M Posts: 72,249	I too have my Sub insured through Jewler's Mutual, great peace of mind! I would like to hear from anyone as posted above who has made a claim through them if their rates went up though. __________________ Rolex Submariner 14060M Omega Seamaster 2254.50 DOXA Professional 1200T Card carrying member of TRF's Global Association of Retro-Grouch-Curmudgeons TRF's "After Dark" Bar & NightClub Patron P Club Member #17 2 FA ENABLED

20 July 2013, 10:38 AM	#24
Hairdude1 "TRF" Member Join Date: Apr 2012 Real Name: Alex Location: Chicago Watch: AP,PP, Rolex Posts: 37,156	I insure my watches as well better be safe than sorry

20 July 2013, 04:07 PM	#25
ROLEX4EvEr "TRF" Member Join Date: Sep 2006 Real Name: Freddy Location: NYC Watch: My Back Posts: 819	With 5 Rolex's I'm looking into it Monday!! ASAP __________________

20 July 2013, 10:30 PM	#27
nickng "TRF" Member Join Date: Jul 2009 Real Name: NickN Location: Singapore Watch: Rolex Posts: 524	I think it's always good to have them insured for good peace of mind. Unless there is another alternative. __________________ NickN

20 July 2013, 10:41 PM	#28
AbqRolexFan "TRF" Member Join Date: Aug 2011 Location: Albuquerque, NM Posts: 244	I've got my watches insured through USAA too. I haven't ever filed a watch claim, but their service for a camera claim of mine was top-notch. __________________ 126610LV, 126710BLNR, 126600, 126334, Omega Black & Orange Planet Ocean 600M, Omega Black Ceramic 300M

20 July 2013, 10:43 PM	#29
sirjohnbrian "TRF" Member Join Date: Oct 2008 Location: PA Watch: 'chu lookin' at??? Posts: 964	Can you insure even if you are not currently on USAA? __________________ "Clothes make the man. Naked people have little or no influence on society." Mark Twain "Facts are meaningless. You could use facts to prove anything that's even remotely true." Homer Simpson SS Midsize DJ 68274 "L" TT Jubilee DJ 116233 "Z" Sea Dweller DS 116660 "V" SS White Dial Daytona "V"

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