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car&watch · 23 June 2011, 01:29 PM

Hey there all!
Just wondering who you guys use to insure your Rolex watches?? Do you have them listed on your homeowners policy, or do you use an independent company such as "Jewelers Mutual"???

Just curious who is the best to deal with for insurance on our great watches??

Have a good night all!

Stonedcl · 23 June 2011, 01:40 PM

Jewlers mutual great to get insurance but never filed a claim with them yet..

KingJames · 25 June 2011, 04:03 AM

Quote:

Originally Posted by Stonedcl

Jewlers mutual great to get insurance but never filed a claim with them yet..

X2...Havent had to file a claim..

RolexPete32 · 23 June 2011, 01:46 PM

I do not use insurance on my watches. I do lock them up though when I am not at home.

perpetualman88 · 23 June 2011, 02:17 PM

i have renters insurance ( i am a college student) and i have my datejust added as a seperate entity to my policy for an additional 160 a year this covers my datejust up to 6000 the cost of a new one.

never2late · 23 June 2011, 10:37 PM

Quote:

Originally Posted by perpetualman88

i have renters insurance ( i am a college student) and i have my datejust added as a seperate entity to my policy for an additional 160 a year this covers my datejust up to 6000 the cost of a new one.

Jewelers Mutual would cover that watch for about $57.00 per year with no effect on your homeowners policy. You should check them out and save some money. No. I'm not connected with the company in any way.

KingJames · 25 June 2011, 04:06 AM

Quote:

Originally Posted by never2late

Jewelers Mutual would cover that watch for about $57.00 per year with no effect on your homeowners policy. You should check them out and save some money. No. I'm not connected with the company in any way.

Really?! I pay about $120 (per year) for my Jewelers Mutual coverage of a SS GMTIIC....Am I missing something..maybe its where I live or some other factor?

never2late · 25 June 2011, 05:39 AM

Quote:

Originally Posted by KingJames

Really?! I pay about $120 (per year) for my Jewelers Mutual coverage of a SS GMTIIC....Am I missing something..maybe its where I live or some other factor?

Cost depends on value of the watch, city and county of residence and your amount of deductible. My estimate was about $20.00 too low though. The actual quote is $73.00 on $6,500.00 coverage with no deductible. Not bad really.

springer · 23 June 2011, 02:22 PM

Home owner's insurance is the best way to insure your valuables. Most companies are very reasonable.

etp095 · 23 June 2011, 02:27 PM

Quote:

Originally Posted by springer

Home owner's insurance is the best way to insure your valuables. Most companies are very reasonable.

x2,a separate rider policy,usually costs $10 per thousand.

Runnin' Rebel · 23 June 2011, 03:51 PM

I have all 5 of mine under USAA, comes to about 55.00 a month for replacement cost loss/stolen

Hodog16 · 23 June 2011, 04:05 PM

Also use USAA. They have extremely reasonable rates.

Runnin' Rebel · 23 June 2011, 05:03 PM

Quote:

Originally Posted by Hodog16

Also use USAA. They have extremely reasonable rates.

hsfrank · 23 June 2011, 10:27 PM

Quote:

Originally Posted by JAGERVEGAS

Prould to be a 48 year member. BTW if anybody wants to get a copy of my PM about how to insure just PM me.

Runnin' Rebel · 23 June 2011, 10:44 PM

Quote:

Originally Posted by hsfrank

Prould to be a 48 year member. BTW if anybody wants to get a copy of my PM about how to insure just PM me.

35 years here

GED · 23 June 2011, 05:22 PM

Quote:

Originally Posted by JAGERVEGAS

I have all 5 of mine under USAA, comes to about 55.00 a month for replacement cost loss/stolen

USAA here too-my one GMT costs $5 per month for replacement cost.

Watch Professor · 23 June 2011, 10:15 PM

Jewler's Mutual. I'd rather have my jewelry and watches not insured by my homeowner's policy as a claim would push up the premium for the entire policy.

HDHNTER · 23 June 2011, 10:56 PM

Quote:

Originally Posted by Watch Professor

Jewler's Mutual. I'd rather have my jewelry and watches not insured by my homeowner's policy as a claim would push up the premium for the entire policy.

This

mfer · 24 June 2011, 05:50 AM

Quote:

Originally Posted by Watch Professor

Jewler's Mutual. I'd rather have my jewelry and watches not insured by my homeowner's policy as a claim would push up the premium for the entire policy.

Same here and I have two friends that I work with that use them as well and both of them have had to make claims. No issues.

One was b/c his wife lost earrings. No questions asked, just replaced.
The other was a guy who got his car broken into while at the gym. Police report was filed and guy got his insurance money.

(213)GMT · 25 June 2011, 08:17 AM

Quote:

Originally Posted by Watch Professor

Jewler's Mutual. I'd rather have my jewelry and watches not insured by my homeowner's policy as a claim would push up the premium for the entire policy.

JM here as well. Have my watches and wife's ring covered by them.

Rbdport · 23 June 2011, 11:02 PM

USAA. Valuable property rider for all the furs, jewelry and hubby's watch.

geronimo509 · 24 June 2011, 12:31 AM

I am using state farm. I am paying less than 1% of the apprasial value.

raskal83 · 24 June 2011, 12:44 AM

Quote:

Originally Posted by geronimo509

I am using state farm. I am paying less than 1% of the apprasial value.

Good luck collecting from them, I have heard they are the worse to go with in the case of jewelry.

I am very surprised people do not use Chubbs as they are known for their jewelry insurance. Yes, they do cost a bit more, but they usually have no deductible and cover up to 150% of the appraisal cost.

Can someone give more details about USAA. Do you have to be or been part of the military?

threemonkeys · 24 June 2011, 12:52 PM

Quote:

Originally Posted by raskal83

Good luck collecting from them, I have heard they are the worse to go with in the case of jewelry.

I am very surprised people do not use Chubbs as they are known for their jewelry insurance. Yes, they do cost a bit more, but they usually have no deductible and cover up to 150% of the appraisal cost.

Can someone give more details about USAA. Do you have to be or been part of the military?

I had a claim on my State Farm policy (for a ring). No problem at all. They paid asap and there was no hassle at all.

mvp1222 · 24 June 2011, 12:56 AM

USAA requires you or a member of your immediate family to have been military...and they are the best. Not only do they cover lost/stolen, but they also cover any damage, even if your stupid and drop your millie in the shower like I did.
I filed the claim, sent it to RSC for an estimate, and they wire transferred the funds for a crystal replacement right into my account. No deductible.

Power Play · 24 June 2011, 01:02 AM

After having insured watches and jewelry for many yrs, paying lots of premium dollars without ever submitting a claim, I no longer insure this kind of stuff. I figure I'm saving plenty of dough every year and am basically self-insuring. Just my approach...

Stonedcl · 24 June 2011, 01:43 AM

Quote:

Originally Posted by Power Play

After having insured watches and jewelry for many yrs, paying lots of premium dollars without ever submitting a claim, I no longer insure this kind of stuff. I figure I'm saving plenty of dough every year and am basically self-insuring. Just my approach...

$100 to insure a $5000 rolex I think is worth it.. It will take 50 years of putting away your dedutable to save enough money to replace the watch.
I don't want to have to worry if Someone tries mugging me for my watch.
If I did not have insurance I would probably try to fight back if someone tried mugging me for my watch (and possibly get injured) but with insurance I would give less resistance to someone trying to steal my watch.. It's not worth getting stabbed or possibly shot over a rolex and that's why I have insurance..

Rbdport · 24 June 2011, 09:30 AM

Quote:

Originally Posted by Power Play

After having insured watches and jewelry for many yrs, paying lots of premium dollars without ever submitting a claim, I no longer insure this kind of stuff. I figure I'm saving plenty of dough every year and am basically self-insuring. Just my approach...

Only takes one time to wish you had insurance. Hubby and I lived without insurance for the first 6 years we were married. We were dirt poor living in KS (and I do mean poor) and kept saying we couldn't afford it. Then a friend had a house fire and we said "we don't have much, but we better insure it.". Took out our first policy with USAA (I'm a brat, hubby was E5 in the Army reserves at that time- retired as SGM). One month later we were hit by a tornado, our few possessions were scattered over several counties. All of our furniture was "gifted," what we prefer to call "early poverty style.". Replacement value bought us a house full of beautiful replacement. If you still question the value of insurance, I can tell you that replacing JUST the content of "sock and undies" drawers was over $2000 20 years ago.

rockmastermike · 24 June 2011, 01:42 AM

Quote:

Originally Posted by mvp1222

USAA requires you or a member of your immediate family to have been military...and they are the best. Not only do they cover lost/stolen, but they also cover any damage, even if your stupid and drop your millie in the shower like I did.
I filed the claim, sent it to RSC for an estimate, and they wire transferred the funds for a crystal replacement right into my account. No deductible.

very cool to know. I have home/auto with USAA (Army brat) and will look into adding my Rolex and Omega

Runnin' Rebel · 28 June 2011, 01:05 PM

Quote:

Originally Posted by mvp1222

USAA requires you or a member of your immediate family to have been military...and they are the best. Not only do they cover lost/stolen, but they also cover any damage, even if your stupid and drop your millie in the shower like I did.
I filed the claim, sent it to RSC for an estimate, and they wire transferred the funds for a crystal replacement right into my account. No deductible.

Just added my Yacht-Master to my USAA account and double checked with them on everything, your correct, I drop it and break the glass, they cover it with no deductible. Their rates are crazy good and loss/stolen no problem. Just have to update the value on the watches as they go up in price for replacement. Yacht-Master was like an extra 8 bucks a month

23 June 2011, 01:29 PM	#1
car&watch "TRF" Member Join Date: Jan 2011 Real Name: Barry Location: PA, USA Watch: Hulk Posts: 83	Rolex INSURANCE Hey there all! Just wondering who you guys use to insure your Rolex watches?? Do you have them listed on your homeowners policy, or do you use an independent company such as "Jewelers Mutual"??? Just curious who is the best to deal with for insurance on our great watches?? Have a good night all!

23 June 2011, 02:22 PM	#9
springer 2024 SubLV41 Pledge Member Join Date: Apr 2008 Real Name: jP Location: Texas Watch: GMT-MASTER Posts: 17,319	Home owner's insurance is the best way to insure your valuables. Most companies are very reasonable. __________________ Member of NAWCC since 1990. INSTAGRAM USER NAME: SPRINGERJFP Visit my Instagram page to view some of the finest vintage GMTs anywhere - as well as other vintage classics.

23 June 2011, 03:51 PM	#11
Runnin' Rebel "TRF" Member Join Date: Jan 2010 Real Name: Mark Location: 🤔 Posts: 8,424	I have all 5 of mine under USAA, comes to about 55.00 a month for replacement cost loss/stolen __________________ ♛

23 June 2011, 10:15 PM	#17
Watch Professor "TRF" Member Join Date: Oct 2009 Real Name: Myron Location: New York Watch: GMT IIC; Sub Date Posts: 3,166	Jewler's Mutual. I'd rather have my jewelry and watches not insured by my homeowner's policy as a claim would push up the premium for the entire policy. __________________

23 June 2011, 11:02 PM	#21
Rbdport "TRF" Member Join Date: May 2011 Location: Sunny Florida Posts: 484	USAA. Valuable property rider for all the furs, jewelry and hubby's watch. __________________ Sometimes too much to drink is barely enough~Mark Twain

23 June 2011, 01:40 PM	#2
Stonedcl "TRF" Member Join Date: Mar 2011 Location: Nj Watch: 116200, 116610 Posts: 1,191	Jewlers mutual great to get insurance but never filed a claim with them yet..

23 June 2011, 01:46 PM	#4
RolexPete32 "TRF" Member Join Date: Dec 2008 Real Name: Peter Location: Canada Watch: You know... Rolex Posts: 1,520	I do not use insurance on my watches. I do lock them up though when I am not at home.

23 June 2011, 02:17 PM	#5
perpetualman88 2024 ROLEX SUBMARINER 41 Pledge Member Join Date: Jun 2011 Real Name: David Farkas Location: Los Angeles Watch: 116610, 5712/1A Posts: 8,182	i have renters insurance ( i am a college student) and i have my datejust added as a seperate entity to my policy for an additional 160 a year this covers my datejust up to 6000 the cost of a new one.

23 June 2011, 04:05 PM	#12
Hodog16 "TRF" Member Join Date: Mar 2011 Location: NC Watch: RG Olive DD40 Posts: 1,795	Also use USAA. They have extremely reasonable rates.

24 June 2011, 12:31 AM	#22
geronimo509 "TRF" Member Join Date: Feb 2010 Real Name: Nick Location: DFW Watch: 16610 Posts: 558	I am using state farm. I am paying less than 1% of the apprasial value.

24 June 2011, 12:56 AM	#25
mvp1222 2024 ROLEX DATEJUST41 Pledge Member Join Date: Aug 2010 Real Name: Mark Location: Miami-ish Watch: 116400 GV Z-Blue Posts: 130	USAA requires you or a member of your immediate family to have been military...and they are the best. Not only do they cover lost/stolen, but they also cover any damage, even if your stupid and drop your millie in the shower like I did. I filed the claim, sent it to RSC for an estimate, and they wire transferred the funds for a crystal replacement right into my account. No deductible.

24 June 2011, 01:02 AM	#26
Power Play "TRF" Member Join Date: Feb 2011 Location: Minnesota Posts: 473	I don't After having insured watches and jewelry for many yrs, paying lots of premium dollars without ever submitting a claim, I no longer insure this kind of stuff. I figure I'm saving plenty of dough every year and am basically self-insuring. Just my approach...

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