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Old 16 October 2020, 01:37 AM   #1
EDDOC
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Jewelers mutual

I want to have my SD43 insured, and I have decided to go with JM.
I have read here that they will cover market price instead of buying price.
Do you have to have it officially appraised at market value prices?
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Old 16 October 2020, 01:47 AM   #2
easterbunny
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Yes
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Old 16 October 2020, 01:49 AM   #3
Patton250
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Quote:
Originally Posted by EDDOC View Post
I want to have my SD43 insured, and I have decided to go with JM.
I have read here that they will cover market price instead of buying price.
Do you have to have it officially appraised at market value prices?
Yes you do. Generally the people you buy it from will give you an appraisal of what it sells for retail but none of my retailers will give me an appraisal of what it sells for on the market. You値l have to get an independent appraisal for that and you absolutely can do that. Unfortunately you値l probably have to pay for it but it痴 well worth it. Jewelers mutual will accept that new appraisal.
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Old 16 October 2020, 01:52 AM   #4
algemesi
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I can highly recommend JM. When my SS GMT II was stolen, they sourced one for me directly from Rolex. I had an LN, which wasn't available anymore, and JM sent me a new BLNR, which cost more. Excellent service. Extremely satisfied. I'm not sure whether checks would have ever been involved. They seemed to want to work directly with Rolex or ADs for the replacement.
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Old 16 October 2020, 01:56 AM   #5
iTreelex
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Originally Posted by algemesi View Post
I can highly recommend JM. When my SS GMT II was stolen, they sourced one for me directly from Rolex. I had an LN, which wasn't available anymore, and JM sent me a new BLNR, which cost more. Excellent service. Extremely satisfied. I'm not sure whether checks would have ever been involved. They seemed to want to work directly with Rolex or ADs for the replacement.
That's pretty awesome. I use Chubb OP.
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Old 16 October 2020, 02:30 AM   #6
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Originally Posted by algemesi View Post
I can highly recommend JM. When my SS GMT II was stolen, they sourced one for me directly from Rolex. I had an LN, which wasn't available anymore, and JM sent me a new BLNR, which cost more. Excellent service. Extremely satisfied. I'm not sure whether checks would have ever been involved. They seemed to want to work directly with Rolex or ADs for the replacement.


Great, thanks for sharing!!


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Old 16 October 2020, 04:24 AM   #7
EDDOC
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Quote:
Originally Posted by algemesi View Post
I can highly recommend JM. When my SS GMT II was stolen, they sourced one for me directly from Rolex. I had an LN, which wasn't available anymore, and JM sent me a new BLNR, which cost more. Excellent service. Extremely satisfied. I'm not sure whether checks would have ever been involved. They seemed to want to work directly with Rolex or ADs for the replacement.
If they prefer to go directly to the rolex or ADs, I wonder if its worth reappraising the SD43, as it only sells for 1-2k over the AD price
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Old 16 October 2020, 01:52 AM   #8
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I have my Sub insured by jewelers mutual. Luckily I have yet to need to use my coverage. but I have heard great things
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Old 16 October 2020, 01:57 AM   #9
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Yes - they will insure for whatever appraised value you have. I recently obtained a new appraisal on my Hulk and increased my coverage.
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Old 17 December 2020, 05:42 AM   #10
Hollie_Rollie
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Bumping and older topic here to see if anyone else had the same thing happen.

I chose to have the 0 deductible policy and JM underwriter said that the $500 deductible policy is required. Anyone have this happen? I知 waiting to hear back from them but they said it値l be another 2-3 business days lol
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Old 17 December 2020, 11:51 AM   #11
Kneecough
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Originally Posted by Hollie_Rollie View Post
Bumping and older topic here to see if anyone else had the same thing happen.

I chose to have the 0 deductible policy and JM underwriter said that the $500 deductible policy is required. Anyone have this happen? I知 waiting to hear back from them but they said it値l be another 2-3 business days lol
Just checked mine and policy was adjusted last month (for an updated appraisal on my Hulk)... Policy still reflects $0 deductible. Additionally, they seem to have raised the insured value on my 114060 without a new appraisal or my request to do so. It is now a bit above retail.
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Old 17 December 2020, 11:57 AM   #12
Hollie_Rollie
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Just checked mine and policy was adjusted last month (for an updated appraisal on my Hulk)... Policy still reflects $0 deductible. Additionally, they seem to have raised the insured value on my 114060 without a new appraisal or my request to do so. It is now a bit above retail.

Gotcha. Thanks for checking. I値l await their response as to why I知 required to have a $500 deductible. In the meantime I値l shop around for better insurance, I壇 much prefer the $0 deductible
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Old 17 December 2020, 01:01 PM   #13
vh2k
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Gotcha. Thanks for checking. I値l await their response as to why I知 required to have a $500 deductible. In the meantime I値l shop around for better insurance, I壇 much prefer the $0 deductible
I have JM, and all of my pieces are either $250 or $500 deductible. All the Rolex pieces are $500.
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Old 17 December 2020, 01:06 PM   #14
Hollie_Rollie
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I have JM, and all of my pieces are either $250 or $500 deductible. All the Rolex pieces are $500.

How do you feel about it? Has it been worth it? I just applied for Lavalier to see how they compare
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