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RolieKid · 19 March 2019, 04:29 AM

I wanted to add my watches to my home owners policy, but the insurance company wants appraisals. I only have one from Rolex on my Dad's President, but my other one, the one I just bought, the Submariner, I do not have one. What do I do?

Maxy · 19 March 2019, 04:30 AM

Go to any AD or Jewelry store or used watch store.. they'll do an appraisal for a cost (less than $100).

RolieKid · 19 March 2019, 04:32 AM

I'll jump into a Tourneau. Ironically, the original owner purchased it in Tourneau in 2005.

mistercoach32 · 19 March 2019, 05:30 AM

Quote:

Originally Posted by Maxy

Go to any AD or Jewelry store or used watch store.. they'll do an appraisal for a cost (less than $100).

This. It doesn't have to be an AD. Any jewelry store that does appraisals will be able to do it. Bring all the paperwork, warranty card, etc that has all the necessary info if you have it. It'll save some time and you'll likely get it back pretty quick.

t65tampa · 27 March 2024, 03:18 AM

Quote:

Originally Posted by Maxy

Go to any AD or Jewelry store or used watch store.. they'll do an appraisal for a cost (less than $100).

This above. I have my watches insured through State Farm. They required either purchase receipt from when obtained by the AD or a detailed appraisal with MSRP and replacement value. My local ADs were able to help. I just paid them fairly for the work.

Wedders · 19 March 2019, 04:32 AM

I got a home insurance policy and they just accepted thar my watches are worth 30-35k collectively.

captainron62 · 19 March 2019, 07:54 AM

Quote:

Originally Posted by Wedders

I got a home insurance policy and they just accepted thar my watches are worth 30-35k collectively.

Same here, I asked that we agree on a 25K policy and they just asked for photographs of the watches and any receipts or paperwork I had.

V25V · 19 March 2019, 07:57 AM

Wow.... this is earth shattering.

77T · 19 March 2019, 08:09 AM

Quote:

Originally Posted by captainron62

Same here, I asked that we agree on a 25K policy and they just asked for photographs of the watches and any receipts or paperwork I had.

I’d say you’re possibly shortchanging yourself. Sure the agent of the insurance company may say that, but the claims side will be using what they want to use if you incur a loss.

The appraisal gives you something tangible in case you must challenge the $ amount sent to you for a claim.

Sent from my iPhone using Tapatalk Pro

AdamW · 19 March 2019, 04:42 AM

The one you got from your dad likely may require an appraisal. For your Sub, you may not need an appraisal. I just insured two new Rolexes. If you provide them with your receipt and that has the retail price, model and serial # you should be all set.

Any reputable jewelry store can give you an appraisal. They will just look up replacement value on Rolex website. $50 should do it.

Make sure you insure it for REPLACEMENT COST!!!!!

RolieKid · 19 March 2019, 04:52 AM

Quote:

Originally Posted by AdamW

The one you got from your dad likely may require an appraisal. For your Sub, you may not need an appraisal. I just insured two new Rolexes. If you provide them with your receipt and that has the retail price, model and serial # you should be all set.

Any reputable jewelry store can give you an appraisal. They will just look up replacement value on Rolex website. $50 should do it.

Make sure you insure it for REPLACEMENT COST!!!!!

They want an appraisal for both. I have the receipt for the Rolex President's service. I will have to go to an AD for an appraisal for the Sub. Do you know how long it takes for an appraisal?

Mainewatchman · 19 March 2019, 05:01 AM

Quote:

Originally Posted by RolieKid

They want an appraisal for both. I have the receipt for the Rolex President's service. I will have to go to an AD for an appraisal for the Sub. Do you know how long it takes for an appraisal?

Pretty straight forward stuff. Go get an appraisal for replacement value and send it over.

GoingPlaces · 19 March 2019, 04:53 AM

I just added a jewelry policy to my homeowners. Shouldn’t be that hard.

Sent from my iPhone using Tapatalk

offrdmania · 19 March 2019, 05:05 AM

My insurer said that this year they are now required to require an appraisal on any watch over $5000 regardless of if its new or used or if the receipt is present. It may be a new requirement for 2019. I have an articles policy through State Farm.

feb29 · 19 March 2019, 05:25 AM

Get the appraisal from the store you purchased your new Sub. I asked my AD for appraisal over the phone and he emailed it to me.

Tools · 19 March 2019, 05:44 AM

Quote:

Originally Posted by RolieKid

. . . but my other one, the one I just bought, the Submariner, I do not have one. What do I do?

Go back to the seller and get one.

InitialAndPitch · 19 March 2019, 05:48 AM

I see that you’re in NYC. Look up appraisers.org and you can click on ‘Find an appraiser’. That’s one way to go. These guys usually give you a one pager with description and photograph. And yes, make sure you talk replacement value. Whether your insurance company will accept that varies. My insurance company wanted a valuation (some call centre person) so I asked for their supervisor and they agreed that the invoice/receipt would be fine. Some values say they take two weeks but you can ask them to speed it up.

leooooo · 19 March 2019, 05:58 AM

See you're located in NYC, I highly reccomend Mark Bunda. No BS kinda guy. Google him for his credentials and if you're satisfied with it, make an appointment (located in MetLife building).

envuks · 19 March 2019, 06:44 AM

Did you buy the sub from an AD? If so, they should be able to provide an appraisal at no cost. If not, most jewelry stores can appraise rolex.

My home owners insurance required appraisals for my watches. My AD performed this for me at no charge.

Sent from my iPhone using Tapatalk

RolieKid · 19 March 2019, 07:45 AM

Quote:

Originally Posted by feb29

Get the appraisal from the store you purchased your new Sub. I asked my AD for appraisal over the phone and he emailed it to me.

Quote:

Originally Posted by mistercoach32

This. It doesn't have to be an AD. Any jewelry store that does appraisals will be able to do it. Bring all the paperwork, warranty card, etc that has all the necessary info if you have it. It'll save some time and you'll likely get it back pretty quick.

Quote:

Originally Posted by Tools

Go back to the seller and get one.

Quote:

Originally Posted by envuks

Did you buy the sub from an AD? If so, they should be able to provide an appraisal at no cost. If not, most jewelry stores can appraise rolex.

My home owners insurance required appraisals for my watches. My AD performed this for me at no charge.

Sent from my iPhone using Tapatalk

Purchased from the original owner. I don't think they'll take an appraisal from him. He gave me a generic receipt, but since he wasn't a watch store, they didn't accept it. I didn't think they would.

RolieKid · 19 March 2019, 07:45 AM

Quote:

Originally Posted by InitialAndPitch

I see that you’re in NYC. Look up appraisers.org and you can click on ‘Find an appraiser’. That’s one way to go. These guys usually give you a one pager with description and photograph. And yes, make sure you talk replacement value. Whether your insurance company will accept that varies. My insurance company wanted a valuation (some call centre person) so I asked for their supervisor and they agreed that the invoice/receipt would be fine. Some values say they take two weeks but you can ask them to speed it up.

Quote:

Originally Posted by leooooo

See you're located in NYC, I highly reccomend Mark Bunda. No BS kinda guy. Google him for his credentials and if you're satisfied with it, make an appointment (located in MetLife building).

I'll check both out. Thank you!

Finslayer83 · 19 March 2019, 07:47 AM

Davidsw and an AD provided one.

One needed an independent appraisal which was +/- $100

R!$ · 19 March 2019, 09:20 AM

My butler knows where the hunting rifles are kept

Fort Rolex · 19 March 2019, 09:22 AM

If you just bought it send pic of watch, receipt, and warranty card. That’s what I did and they took it

Saved me from having to pay for appraisal

DuchessofWinward · 19 March 2019, 11:09 AM

I used a site called “Valuemystuff”. They are the number one world wide online appraisal service. I used it to value about 10 pieces I was traveling with. From there, I got estimates from Jewelers Mutual and my homeowners insurance (as a personal articles policy). I thought Valuemystuff was realistic in their appraisals and the valuations were similar to what you would find at major auction houses.

Swashplate · 20 March 2019, 06:25 AM

I have Safeco and just gave them the retail on a 10K DJ36. As it is on a floater and agreed value...doesn't really need an appraisal.

Tha Baron · 20 March 2019, 06:42 AM

https://www.elitetimepieces.com/appraisals.html

Just used these guys for a submariner

jamesmayfield · 26 March 2024, 07:22 AM

Anyone know of a jeweler that will provide a Rolex appraisal in Dallas? Ive called 6 different locations but they all said they don't appraise Rolex. (this includes the Rolex Service center)

Colorado1492 · 26 March 2024, 08:50 AM

You have to have an appraisal from a certified gemologist. Most ADs do not have gemologists on staff. Cost around 200 a watch from a legit gemologist certified through GIA.

Bob-a-Job · 26 March 2024, 10:21 AM

I insured my collection again this year and my insurance company accepted that my watch collection is worth 350K

Edit: errrr, £350...........it's a Casio Square GMW B5000......sorry all.

19 March 2019, 04:29 AM	#1
RolieKid "TRF" Member Join Date: Jan 2019 Location: NYC Posts: 108	Insurance company wants appraisals I wanted to add my watches to my home owners policy, but the insurance company wants appraisals. I only have one from Rolex on my Dad's President, but my other one, the one I just bought, the Submariner, I do not have one. What do I do?

19 March 2019, 04:42 AM	#10
AdamW "TRF" Member Join Date: Oct 2007 Real Name: Adam Location: In my head Watch: this space Posts: 797	The one you got from your dad likely may require an appraisal. For your Sub, you may not need an appraisal. I just insured two new Rolexes. If you provide them with your receipt and that has the retail price, model and serial # you should be all set. Any reputable jewelry store can give you an appraisal. They will just look up replacement value on Rolex website. $50 should do it. Make sure you insure it for REPLACEMENT COST!!!!! __________________ Adam " I don't have a microwave oven but I do have a clock that occasionally cooks $h!t" - Mitch Hedburgh

19 March 2019, 05:05 AM	#14
offrdmania 2024 SubLV41 Pledge Member Join Date: May 2008 Real Name: Matt Location: Wine Country, Ca Posts: 5,996	My insurer said that this year they are now required to require an appraisal on any watch over $5000 regardless of if its new or used or if the receipt is present. It may be a new requirement for 2019. I have an articles policy through State Farm. __________________ TRF Member 11738

19 March 2019, 05:58 AM	#18
leooooo "TRF" Member Join Date: Nov 2014 Location: nyc Posts: 298	See you're located in NYC, I highly reccomend Mark Bunda. No BS kinda guy. Google him for his credentials and if you're satisfied with it, make an appointment (located in MetLife building). __________________ Current Rolex collection: SubND 114060, Explorer mk2 214270, Daytona white dial 116520, Skydweller white dial 326934, Daytona black dial 116503

19 March 2019, 06:44 AM	#19
envuks 2024 SubLV41 Pledge Member Join Date: Aug 2009 Location: New England Posts: 3,741	Did you buy the sub from an AD? If so, they should be able to provide an appraisal at no cost. If not, most jewelry stores can appraise rolex. My home owners insurance required appraisals for my watches. My AD performed this for me at no charge. Sent from my iPhone using Tapatalk __________________ Current watches: 116718ln, 116500 black dial, 40mm Breitling Chronomat MOP dial “A man with one watch always knows what time it is. A man with two watches is never sure.”

19 March 2019, 04:30 AM	#2
Maxy "TRF" Member Join Date: Jun 2013 Location: TX Watch: Daytona Posts: 3,231	Go to any AD or Jewelry store or used watch store.. they'll do an appraisal for a cost (less than $100).

19 March 2019, 04:32 AM	#3
RolieKid "TRF" Member Join Date: Jan 2019 Location: NYC Posts: 108	I'll jump into a Tourneau. Ironically, the original owner purchased it in Tourneau in 2005.

19 March 2019, 04:32 AM	#6
Wedders "TRF" Member Join Date: Jun 2017 Location: Somewhere in U.K. Posts: 507	I got a home insurance policy and they just accepted thar my watches are worth 30-35k collectively.

19 March 2019, 07:57 AM	#8
V25V 2024 Pledge Member Join Date: Feb 2017 Location: USA Posts: 4,399	Wow.... this is earth shattering.

19 March 2019, 04:53 AM	#13
GoingPlaces "TRF" Member Join Date: Jul 2014 Location: Washington, DC Posts: 5,356	I just added a jewelry policy to my homeowners. Shouldn’t be that hard. Sent from my iPhone using Tapatalk

19 March 2019, 05:25 AM	#15
feb29 Banned Join Date: Jan 2019 Location: US Posts: 132	Get the appraisal from the store you purchased your new Sub. I asked my AD for appraisal over the phone and he emailed it to me.

19 March 2019, 05:48 AM	#17
InitialAndPitch Banned Join Date: Mar 2019 Location: Australia Watch: GMT-II BLRO PEPSI Posts: 597	I see that you’re in NYC. Look up appraisers.org and you can click on ‘Find an appraiser’. That’s one way to go. These guys usually give you a one pager with description and photograph. And yes, make sure you talk replacement value. Whether your insurance company will accept that varies. My insurance company wanted a valuation (some call centre person) so I asked for their supervisor and they agreed that the invoice/receipt would be fine. Some values say they take two weeks but you can ask them to speed it up.

19 March 2019, 07:47 AM	#22
Finslayer83 "TRF" Member Join Date: Oct 2017 Location: Tennessee Watch: DW-5600 Posts: 1,584	Davidsw and an AD provided one. One needed an independent appraisal which was +/- $100

19 March 2019, 09:20 AM	#23
R!$ Banned Join Date: Sep 2014 Location: SoCal Posts: 2,405	My butler knows where the hunting rifles are kept

19 March 2019, 09:22 AM	#24
Fort Rolex "TRF" Member Join Date: Dec 2012 Location: New Jersey Posts: 586	If you just bought it send pic of watch, receipt, and warranty card. That’s what I did and they took it Saved me from having to pay for appraisal

19 March 2019, 11:09 AM	#25
DuchessofWinward "TRF" Member Join Date: Dec 2018 Location: Florida Posts: 59	I used a site called “Valuemystuff”. They are the number one world wide online appraisal service. I used it to value about 10 pieces I was traveling with. From there, I got estimates from Jewelers Mutual and my homeowners insurance (as a personal articles policy). I thought Valuemystuff was realistic in their appraisals and the valuations were similar to what you would find at major auction houses. __________________ When you set out on your journey to Ithaca, pray that the road is long, full of adventure, full of knowledge. C. Cavalry

20 March 2019, 06:25 AM	#26
Swashplate 2024 ROLEX SUBMARINER 41 Pledge Member Join Date: Jan 2017 Real Name: James Location: Seattle/Italy Posts: 659	I have Safeco and just gave them the retail on a 10K DJ36. As it is on a floater and agreed value...doesn't really need an appraisal.

20 March 2019, 06:42 AM	#27
Tha Baron "TRF" Member Join Date: Feb 2014 Location: Middle West Posts: 1,077	https://www.elitetimepieces.com/appraisals.html Just used these guys for a submariner

26 March 2024, 07:22 AM	#28
jamesmayfield "TRF" Member Join Date: Sep 2016 Location: Manhattan Posts: 36	I live in Dallas, TX and cant find a jeweler to appraise my batgirl Anyone know of a jeweler that will provide a Rolex appraisal in Dallas? Ive called 6 different locations but they all said they don't appraise Rolex. (this includes the Rolex Service center)

26 March 2024, 08:50 AM	#29
Colorado1492 "TRF" Member Join Date: Jul 2016 Location: Colorado Posts: 67	You have to have an appraisal from a certified gemologist. Most ADs do not have gemologists on staff. Cost around 200 a watch from a legit gemologist certified through GIA.

26 March 2024, 10:21 AM	#30
Bob-a-Job "TRF" Member Join Date: Feb 2023 Location: UK Posts: 38	I insured my collection again this year and my insurance company accepted that my watch collection is worth 350K Edit: errrr, £350...........it's a Casio Square GMW B5000......sorry all.

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