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showprofarva · 13 May 2015, 01:22 PM

Just got my first Rolex, pre-owned DJ 1603, went to add it to my home owners insurance and it was going to be about $10.00 per month. What do others do, are their any other options, watch insurance companies?

Thanks for the help!

IT Nerd · 13 May 2015, 01:23 PM

Check out Jewelers Mutual

tkerrmd · 13 May 2015, 11:34 PM

Quote:

Originally Posted by IT Nerd

Check out Jewelers Mutual

I have this for my platinum and PM watches, not SS

drakulie · 13 May 2015, 01:25 PM

i have jewelers mutual

1WatchDawg · 13 May 2015, 01:35 PM

Get a personal articles policy. It is separate from your homeowners and covers theft, loss and damage. You should be able to get it through the same company as your homeowners

blue lion · 14 May 2015, 08:25 AM

Quote:

Originally Posted by 1WatchDawg

Get a personal articles policy. It is separate from your homeowners and covers theft, loss and damage. You should be able to get it through the same company as your homeowners

etp095 · 13 May 2015, 01:42 PM

State Farm,$10 for each $1k insured.

Hairdude1 · 13 May 2015, 01:46 PM

I have State farm for all my Jewelry and watches

watchabout · 13 May 2015, 01:47 PM

Jewelers Mutual. Adding your watches to your home owners is not recommended.

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ec51 · 13 May 2015, 01:59 PM

Quote:

Originally Posted by watchabout

Jewelers Mutual. Adding your watches to your home owners is not recommended.

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Could you please elaborate?

watchabout · 13 May 2015, 02:08 PM

Quote:

Originally Posted by ec51

Could you please elaborate?

Jewelers Mutual is very affordable and exclusive to jewelry, I pay $140/year and I have two different watches insured against a $0 deductible.

Homeowners insurance limits the amount they pay regardless of the value of the watch and if you file a claim for damage/loss of the watch the whole premium goes up, so basically you screw your own homeowner's policy for an event that maybe didn't even happened at your home.

There was a thread here not long ago, someone had a break in, and among other things the scumbags stole his watch, I think an SD but don't remember the exact model. The insurance company was paying $500 for it.

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Bfd70 · 13 May 2015, 09:37 PM

Quote:

Originally Posted by watchabout

Jewelers Mutual is very affordable and exclusive to jewelry, I pay $140/year and I have two different watches insured against a $0 deductible.

Homeowners insurance limits the amount they pay regardless of the value of the watch and if you file a claim for damage/loss of the watch the whole premium goes up, so basically you screw your own homeowner's policy for an event that maybe didn't even happened at your home.

There was a thread here not long ago, someone had a break in, and among other things the scumbags stole his watch, I think an SD but don't remember the exact model. The insurance company was paying $500 for it.

Sent from my iPhone using Tapatalk

In the above story, the problem was not that he used his homeowners insurance. The problem was he had lousy homeowners insurance.

ec51 · 14 May 2015, 04:05 AM

Quote:

Originally Posted by watchabout

Jewelers Mutual is very affordable and exclusive to jewelry, I pay $140/year and I have two different watches insured against a $0 deductible.

Homeowners insurance limits the amount they pay regardless of the value of the watch and if you file a claim for damage/loss of the watch the whole premium goes up, so basically you screw your own homeowner's policy for an event that maybe didn't even happened at your home.

There was a thread here not long ago, someone had a break in, and among other things the scumbags stole his watch, I think an SD but don't remember the exact model. The insurance company was paying $500 for it.

Sent from my iPhone using Tapatalk

You are making pretty large assumptions here.

Every homeowners policy is different, as are the potential "add-on" features available to each policy, i.e., limits and such.

Wouldn't a JM policy go up just the same after a substantial claim?

Nonetheless, I have a Traveler's homeowners policy with an add-on "valuable items" coverage. I choose how much coverage I want with this feature.

I actually made a claim after dropping a watch and the full movement service was covered because accidental damage is covered under the valuable items feature. I also have no deductible.

Try not making such broad statements next time; they are misleading.

watchabout · 15 May 2015, 10:58 AM

Quote:

Originally Posted by ec51

You are making pretty large assumptions here.

Every homeowners policy is different, as are the potential "add-on" features available to each policy, i.e., limits and such.

Wouldn't a JM policy go up just the same after a substantial claim?

Nonetheless, I have a Traveler's homeowners policy with an add-on "valuable items" coverage. I choose how much coverage I want with this feature.

I actually made a claim after dropping a watch and the full movement service was covered because accidental damage is covered under the valuable items feature. I also have no deductible.

Try not making such broad statements next time; they are misleading.

What's misleading? What I wrote actually happened.

Of course a JM premium will go up after a claim, but it's not the same to have an increase on a $140/year policy than on a $1000.

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Jack T · 13 May 2015, 02:07 PM

Quote:

Originally Posted by watchabout

Jewelers Mutual. Adding your watches to your home owners is not recommended.

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Why not? If each piece is identified, appraised value is provided and then individually endorsed on to the HO policy, why not?

watchabout · 13 May 2015, 02:09 PM

Quote:

Originally Posted by Jack T

Why not? If each piece is identified, appraised value is provided and then individually endorsed on to the HO policy, why not?

See above.

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Tseg · 13 May 2015, 10:04 PM

Quote:

Originally Posted by watchabout

Jewelers Mutual. Adding your watches to your home owners is not recommended.

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As mentioned... and it may be semantics, when many say 'added to home owner's policy' most actually mean adding a Personal Articles Policy (any descent insurance agent/broker should inform their clients on the details when asked about insuring watches/jewelry), which is distinctly separate from the Home Owner's policy.

... so not sure why it is not recommended?

CT3113 · 13 May 2015, 01:55 PM

Jewlers Mutual... Didn't want to have a claim against my home owners policy should I ever need it.

WS9D · 13 May 2015, 01:59 PM

I have a personal property policy with USAA. For $30k in coverage for all my watches, runs me about $30/month.

Jack T · 13 May 2015, 02:17 PM

Not sure of how a claim will affect your premiums, but if specifically endorsed on to your HO policy, your watches, along with any other scheduled jewelry, is fully covered for the scheduled amount.

Under the basic Homeowner's policy, there is very little coverage for non scheduled pieces, otherwise everyone would claim they had the Hope Diamond or a Faberge Egg in their sock drawer. In the thread you cited the homeowner could not have scheduled the individual pieces that were stolen.

pfg1 · 13 May 2015, 03:31 PM

Amica Mutual
$6 per $1,000 of value

cop414 · 13 May 2015, 08:45 PM

Another Jewelers Mutual customer here.

BTW, great looking watch, I love that style of bezel!

ABChop · 13 May 2015, 08:56 PM

Not insured

superdog · 13 May 2015, 09:10 PM

Quote:

Originally Posted by ABChop

Not insured

Same here.

I've decided to roll the dice.

My wife's stuff is all insured. Not mine. I was flipping way too much.

I've stopped flipping so much but feel it was a waste of money as I don't think I'll ever need it. And if I do need it, I'll just take the hit.

Fort Rolex · 13 May 2015, 09:14 PM

State Farm along with my wife's ring

Kneecough · 13 May 2015, 09:20 PM

Jewelers Mutual, seemed fairly priced for the piece of mind it provided with $0 deductible.

dmce · 13 May 2015, 09:20 PM

Jewelers Mutual. $150/yr with $0 deductible is a no-brainer.

OmegaJJH · 13 May 2015, 09:41 PM

Mine is on house insurance. I have to declare seperately any items >£5k ie watches.

This covers me out of the house / accidents etc but am fully insured and watch would be fully covered / replaced.

I'm sure there are good and bad policies.

Tseg · 13 May 2015, 09:46 PM

I added my $8.5K BLNR to my Auto-Owners home insurance [personal articles policy - appraisal of watch, etc...] a couple months ago and my annual rate increased $47.06... with a $1K deductible.

Different people have different philosophies about insurance. For me, paying the $1K deductible would completely suck, but I can afford it... take that across everything I insure and the rate deduction by having a $1K deductible is significant annually (and more than paid for itself over time). I use insurance to cover what I cannot afford to lose/replace with the spare money I have sitting in the bank on a monthly basis.

Others see insurance like they see 'Cadillac Health Insurance policies'... cover everything whether the individual can afford it or not. While this is a 'feel good' when claims are made it really is not efficient or practical in many regards... but to each their own.

Benward5 · 13 May 2015, 10:29 PM

USAA is fantastic if you can get a policy.

13 May 2015, 01:22 PM	#1
showprofarva "TRF" Member Join Date: May 2015 Location: Kansas City, MO Posts: 13	How is your Rolex insured? Just got my first Rolex, pre-owned DJ 1603, went to add it to my home owners insurance and it was going to be about $10.00 per month. What do others do, are their any other options, watch insurance companies? Thanks for the help! Attached Images

13 May 2015, 01:42 PM	#7
etp095 "TRF" Member Join Date: Jan 2008 Real Name: rudolph Location: chicago burbs Posts: 2,026	State Farm,$10 for each $1k insured. __________________ tt date circa 69' 5513 circa 81' ss sub w/date (z) pepsi gmt for dad(D) polar expy II(z) 1675 gmt circa 68' ladies datejust on jubilee for mom (z) sea dweller16600(M) SS Sub-C(g) Omega Planet Ocean,45.5 on mesh(2500D)

13 May 2015, 01:46 PM	#8
Hairdude1 "TRF" Member Join Date: Apr 2012 Real Name: Alex Location: Chicago Watch: AP,PP, Rolex Posts: 37,156	I have State farm for all my Jewelry and watches __________________ Instagram: @Hairdude Watches in Collection 5070R, 5522A, 214270 MK1, 228238 16750, 26401, 5711, 116718, 116710LN, 116300, 16710"Coke", 372, 15300, 15703 (All Flipped) Official Member "Perpetual 30" Las Vegas GTG 2016 Official Member "WIS-CON" Las Vegas International GTG 2017 Official Member 'WIS-CON' Las Vegas Int'l GTG 2018

13 May 2015, 01:55 PM	#18
CT3113 "TRF" Member Join Date: Feb 2015 Location: WA State Posts: 57	Jewlers Mutual... Didn't want to have a claim against my home owners policy should I ever need it. __________________ GMT II - BLNR

13 May 2015, 02:17 PM	#20
Jack T "TRF" Member Join Date: May 2013 Real Name: Jack Location: The Triangle Watch: Several Posts: 6,719	Not sure of how a claim will affect your premiums, but if specifically endorsed on to your HO policy, your watches, along with any other scheduled jewelry, is fully covered for the scheduled amount. Under the basic Homeowner's policy, there is very little coverage for non scheduled pieces, otherwise everyone would claim they had the Hope Diamond or a Faberge Egg in their sock drawer. In the thread you cited the homeowner could not have scheduled the individual pieces that were stolen. __________________ Sub 116613 LN; GMT 116710 LN; Sinn 104R; Exp 214270; GS SBGM221; Omega AT

13 May 2015, 01:23 PM	#2
IT Nerd 2024 Pledge Member Join Date: Feb 2014 Location: VA Watch: me flip Posts: 1,021	Check out Jewelers Mutual

13 May 2015, 01:25 PM	#4
drakulie "TRF" Member Join Date: Jan 2012 Location: Ft. Lauderdale Posts: 234	i have jewelers mutual

13 May 2015, 01:35 PM	#5
1WatchDawg "TRF" Member Join Date: Nov 2014 Real Name: Frank Location: GEORGIA Watch: 16610T Sub Date Posts: 413	Get a personal articles policy. It is separate from your homeowners and covers theft, loss and damage. You should be able to get it through the same company as your homeowners

13 May 2015, 01:47 PM	#9
watchabout "TRF" Member Join Date: Jan 2015 Real Name: Dave Location: miami Watch: Submariner Posts: 374	Jewelers Mutual. Adding your watches to your home owners is not recommended. Sent from my iPhone using Tapatalk

13 May 2015, 01:59 PM	#19
WS9D "TRF" Member Join Date: Apr 2015 Real Name: Steve Location: Shasta Watch: es..More Watches! Posts: 2,415	I have a personal property policy with USAA. For $30k in coverage for all my watches, runs me about $30/month.

13 May 2015, 03:31 PM	#21
pfg1 "TRF" Member Join Date: Apr 2010 Location: Wisconsin Watch: 116622 YM Blue Posts: 505	Amica Mutual $6 per $1,000 of value __________________ Life is filled with choices......and consequences! 2019 Sky-Dweller Giveaway 2019 GMT CHNR Giveaway 2019 DEEPSEA Giveaway 2018 Rolex Red SD43 Giveaway 2018 Bond Submariner Giveaway 2020 Rolex + Tudor GMT Giveaway 2020 Rolex Submariner Giveaway

13 May 2015, 08:45 PM	#22
cop414 TRF Moderator & 2024 SubLV41 Patron Join Date: Apr 2012 Real Name: Tim Location: Pennsylvania Watch: 14060M Posts: 72,244	Another Jewelers Mutual customer here. BTW, great looking watch, I love that style of bezel! __________________ 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

13 May 2015, 08:56 PM	#23
ABChop "TRF" Member Join Date: Dec 2008 Location: Canada Posts: 671	Not insured __________________ - "M" 16600 Sea-Dweller - "A" GMT 16700. -“A” 16613LB Sub - 1680 Red Sub, Mark II, "Full Set" - 116660 DSSD D-Blue, 124060, 126613LN, 116710BLNR - 116500LN White Dial - “U” 16610 “SWISS” dial

13 May 2015, 09:14 PM	#25
Fort Rolex "TRF" Member Join Date: Dec 2012 Location: New Jersey Posts: 586	State Farm along with my wife's ring

13 May 2015, 09:20 PM	#26
Kneecough "TRF" Member Join Date: Mar 2015 Location: Florida Posts: 1,792	Jewelers Mutual, seemed fairly priced for the piece of mind it provided with $0 deductible.

13 May 2015, 09:20 PM	#27
dmce "TRF" Member Join Date: Mar 2015 Location: Miami, FL Watch: YG DD, 118238 Posts: 51	Jewelers Mutual. $150/yr with $0 deductible is a no-brainer.

13 May 2015, 09:41 PM	#28
OmegaJJH "TRF" Member Join Date: May 2013 Real Name: James Location: UK Watch: Rolex & Omega Posts: 6,668	Mine is on house insurance. I have to declare seperately any items >£5k ie watches. This covers me out of the house / accidents etc but am fully insured and watch would be fully covered / replaced. I'm sure there are good and bad policies.

13 May 2015, 09:46 PM	#29
Tseg "TRF" Member Join Date: Apr 2014 Real Name: Tom Location: World Traveler Watch: GMT Master II BLNR Posts: 1,583	I added my $8.5K BLNR to my Auto-Owners home insurance [personal articles policy - appraisal of watch, etc...] a couple months ago and my annual rate increased $47.06... with a $1K deductible. Different people have different philosophies about insurance. For me, paying the $1K deductible would completely suck, but I can afford it... take that across everything I insure and the rate deduction by having a $1K deductible is significant annually (and more than paid for itself over time). I use insurance to cover what I cannot afford to lose/replace with the spare money I have sitting in the bank on a monthly basis. Others see insurance like they see 'Cadillac Health Insurance policies'... cover everything whether the individual can afford it or not. While this is a 'feel good' when claims are made it really is not efficient or practical in many regards... but to each their own.

13 May 2015, 10:29 PM	#30
Benward5 "TRF" Member Join Date: Jan 2015 Location: New York Watch: 116334 DatejustII Posts: 83	USAA is fantastic if you can get a policy.

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