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16 October 2020, 01:37 AM | #1 |
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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? |
16 October 2020, 01:47 AM | #2 |
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Join Date: Aug 2018
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Yes
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16 October 2020, 01:49 AM | #3 |
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Real Name: Brett
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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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16 October 2020, 01:52 AM | #4 |
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Location: USA
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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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16 October 2020, 01:56 AM | #5 | |
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Quote:
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16 October 2020, 02:30 AM | #6 | |
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Quote:
Great, thanks for sharing!! Sent from my iPhone using Tapatalk Pro
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Francisco ♛ 16610 / 116264 Ω 168.022 / 2535.80.00 / 310.30.42.50.01.002 / 210.90.42.20.01.001 Zenith 02.480.405 2FA security enabled |
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16 October 2020, 04:24 AM | #7 | |
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Quote:
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16 October 2020, 01:52 AM | #8 |
Banned
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Location: LA
Watch: Submariner/DJ 41
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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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16 October 2020, 01:57 AM | #9 |
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Location: USA
Posts: 1,207
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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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Rolex 116334 / 116610LV / 126710BLRO / 126500 Tudor BB58 Omega Speedmaster Moonwatch White H. Moser & Cie Streamliner Centre Seconds Girard Perregaux Laureato Skeleton |
17 December 2020, 05:42 AM | #10 |
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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 |
17 December 2020, 11:51 AM | #11 | |
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Quote:
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17 December 2020, 11:57 AM | #12 | |
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Join Date: Sep 2018
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Quote:
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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17 December 2020, 01:01 PM | #13 |
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I have JM, and all of my pieces are either $250 or $500 deductible. All the Rolex pieces are $500.
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17 December 2020, 01:06 PM | #14 |
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Join Date: Sep 2018
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