Insure Your Watch?

[MCOSUB]

Originally Posted by Curt45

Not USAA but State Farm. I somehow had dropped by Datejust into the bottom of my golf bag and after the round I couldn't find it and thought it had fallen out sometime. Many frantic calls to the pro shop and bar came up short and I finally called my agent. I had insured the watch under a PAF (personal articles floater) which covers all risks of loss. A few weeks later I received from SF a 8x10 certificate stating is was good for any Datejust from an authorized retailer. I took it to a downtown San Diego jewelry shop and picked out a beautiful white dial Roman numeral. After about a month I was playing golf and dropped my golf glove into my bag. I turned it over and, yup, out came the Rolex. Long story short, I had to return the new one, but I kept the extra links that were taken out to resize it for my small wrists. Point being, the Insurance company has the right to replace in lieu of cas.

I currently have all my watches and jewelry with Jewelers Mututal but after talking with them, my policy is replacement if there is a loss or claim. Which she said very specifically was they would work with a local jeweler to replace the watch or get the closest thing to it.............they would pay the jeweler directly and I could not opt for cash in lieu of replacement.

How are you guys handling it if you were to have to file a claim on a watch that is no longer being made and the replacement value due to the secondary market is through the roof.............say a Hulk for instance?

Many of you all have watches that basically cant be replaced and I have a couple myself and just wanted to make sure I am covered in the worst case scenerio.

[JParm]

1000% I insure mine. Nothing beats piece of mind.

[Bet]

I have most of my watches insured, I personally want it that way.

[dmash]

You guys realize this thread is 15 years old right?

[JParm]

Originally Posted by dmash

You guys realize this thread is 15 years old right?

haha, still rings true - INSURE!!

[hutch300]

I have insurance through Hodinkee. Would be silly not to in my opinion. It piece of mind.

[hutch300]

Originally Posted by dmash

You guys realize this thread is 15 years old right?

I do now

[Bigjule1111]

This thread is old but not obsolete.. I insured 4 of my watches and wifey ring thru my home insurance.. but only lil down side is that they only insure retail value not market value ..but I'm ok with that ..small annually fee for big peace of mind

[LightOnAHill]

Originally Posted by dmash

You guys realize this thread is 15 years old right?

Nice to see a jj post

[Incroyable12]

How does Hodinkee Insurance let you self attest?

What if you put some vastly inflated value for a completely aftermarket blinged out Rolex?

[mmbiker]

Didnt want to create a new thread.

How does people in Canada insure their watch?


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[beshannon]

Originally Posted by JPSUB

I was wondering if you guys insure your watches?

James

Yes

[dwaine99]

Yes... insured last night with Hodinkee... $132/yr for 12K coverage on my 124060... I have several more that I will switch over from my homeowners when their policies expire. Zero deductible for theft, loss or damage.

[chrissimons]

Some here out of the US ? Which insurance do you use ?

[Benjamin Choi]

Hodinkee quoted me $555/yr for two sports Rolexes at $33K value. This seems a wee bit high, no?

[current_exchange]

No insurance for me.

[2thdock]

"As for insurance, if your watch is insured and appraised correctly, it can be sourced within a day" This is a quote from another thread.
That would mean grey market . I just insured my wifes new DJ for what I paid msrp. Replacement tomorrow means closer to 10K. When you appraise a Rolex, will they insure it for current grey market replacement value ?

[fishingbear]

Originally Posted by LightOnAHill

Nice to see a jj post

[Goatrope]

Originally Posted by 2thdock

"As for insurance, if your watch is insured and appraised correctly, it can be sourced within a day" This is a quote from another thread.
That would mean grey market . I just insured my wifes new DJ for what I paid msrp. Replacement tomorrow means closer to 10K. When you appraise a Rolex, will they insure it for current grey market replacement value ?

I insured for the cost of replacement, a bit higher than current grey market pricing. When I bought the watch, it came with an appraisal, and that was sent to the insurance company.

[Watchesnguitars]

Yes, use hodinkee/chubb..

[Callmepeshy]

Insured 4 of mine for market prices after an independent valuation

[DAGMoney]

Yes - all are as scheduled items on my HO policy. I've never had to make a claim, and keep my fingers crossed that it remains that way...

[East of Eden]

Originally Posted by S2000 Driver

The Walther PPK was James Bond's (Sean Connery that is -- the one and only true Bond!) choice in the earlier films. He chose their then latest model, the Walther P5, for his last film, Never Say Never Again.

They're both beautiful Walthers, the Rolex equivalent for handguns!


Walther PPK


Walther P5

A small caliber, but I suppose Bond relied on his superior shot placement, lol.

[East of Eden]

Originally Posted by Benjamin Choi

Hodinkee quoted me $555/yr for two sports Rolexes at $33K value. This seems a wee bit high, no?

Sounds about right.

FWIW, Hodinkee raised my rates when I moved to Florida.

Insurance isn't cheap, but neither are those huge gun safes mentioned on this thread, and there is no safe that can't be broken into or dragged away, or opened by you if a perp has a gun to your head. A safe is telling people there's lots of valuables in there.

[Livinlrge]

Ho6 policy and vicious dogs.

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[cv5]

It's not necessary to me, but you can still get it insured if you find it necessary.

[m3tek44]

for peace of mind, yes all my watches are insured.

[Ballzzz]

What are everyones rates? I think its a standard 1-2% of value, right? I just got a hodinkee quote @ 2%

[David5807]

I always insure so that I can wear my watches with some peace of mind

[PenDelicate]

Originally Posted by Ballzzz

What are everyones rates? I think its a standard 1-2% of value, right? I just got a hodinkee quote @ 2%

I've not insured watches before but will now, and was indeed just offered a 2% premium. Which I'll gladly take.