ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
3 July 2024, 08:30 AM | #1 |
"TRF" Member
Join Date: Feb 2022
Location: DC
Watch: Pepsi
Posts: 34
|
Insuring Rolex's
Do you all just send the sales receipt when you purchase a new rolex from an AD to your insurance company to add the policy at the MSRP value, or for certain items that are worth over MSRP (Daytona, Pepsi, etc.), do you have them appraised to insure them at closer to a "market" value?
|
3 July 2024, 08:32 AM | #2 |
"TRF" Member
Join Date: Jun 2020
Location: Pittsburgh
Watch: 126710BLNR Jubilee
Posts: 7,084
|
No I just send a photo of the receipt and insure it for what I bought it for. As long as I am made whole worst case scenario, I’m good.
__________________
126710 BLNR Jubilee |
3 July 2024, 12:08 PM | #3 |
"TRF" Member
Join Date: Dec 2007
Location: USA
Watch: 16710 M Coke
Posts: 367
|
It's best to get your Rolex appraised, especially for models like the Daytona or Pepsi that can be worth more than MSRP. This ensures your insurance coverage reflects the current market value. Just sending the sales receipt might not give you full protection.
|
3 July 2024, 12:25 PM | #4 |
2024 Pledge Member
Join Date: Sep 2019
Location: Florida
Watch: AK EXP II SeaQ
Posts: 288
|
I insure through Chubb. On watches that have a market value much higher than retail I state the value I want and reference a couple of grey market dealers they can verify the asking prices. For example for my BLRO I wanted it insured for 23k and used DavidSW website as my reference. They did not require an appraisal if under 100k. If I have the misfortune of it being stolen I will receive the stated value of 23k. Plus they increase the value every year automatically to account for inflation.
|
3 July 2024, 01:20 PM | #5 | |
"TRF" Member
Join Date: Jun 2014
Location: Asia
Watch: 126710BLRO
Posts: 306
|
Quote:
|
|
3 July 2024, 01:24 PM | #6 |
2024 Pledge Member
Join Date: Sep 2019
Location: Florida
Watch: AK EXP II SeaQ
Posts: 288
|
|
3 July 2024, 01:28 PM | #7 |
2024 SubLV41 Pledge Member
Join Date: Feb 2023
Location: USA
Posts: 794
|
I use Hodinkee insurance, backed by Chubb. Super easy, they don’t require appraisal if under $100k, and will insure for market value.
|
3 July 2024, 01:36 PM | #8 | |
"TRF" Member
Join Date: Jun 2020
Location: Pittsburgh
Watch: 126710BLNR Jubilee
Posts: 7,084
|
Quote:
__________________
126710 BLNR Jubilee |
|
3 July 2024, 02:06 PM | #9 |
2024 Pledge Member
Join Date: Jan 2013
Location: NWA, USA
Watch: BLRO/Daytona/OP41s
Posts: 5,386
|
My watches are insured through Hodinkee/Chubb, my premium based on my declared value. I claim a “low end of” market value so that I could buy another grey with minimal cash from my pocket. I’d like to think my AD would try to help me out but getting four higher demand pieces(including one that’s out of production)from them without a long wait would be iffy.
Premium is roughly $91 per $10000 coverage per year. |
3 July 2024, 02:30 PM | #10 |
"TRF" Member
Join Date: Jul 2018
Location: Planet Earth
Watch: Me Now
Posts: 858
|
Does Hodinkee offer the insurance underwritten by Chubb outside of the US? And if so, has anyone in Europe / UK purchased this?
|
3 July 2024, 02:43 PM | #11 | |
2024 Pledge Member
Join Date: Sep 2019
Location: Florida
Watch: AK EXP II SeaQ
Posts: 288
|
Quote:
|
|
3 July 2024, 06:41 PM | #12 | |
2024 Pledge Member
Join Date: Jul 2017
Location: London
Posts: 436
|
Quote:
|
|
3 July 2024, 07:36 PM | #13 | |
Banned
Join Date: Nov 2023
Location: United Kingdom
Posts: 613
|
Quote:
I often feel like there is a huge gap in the market in the UK for a bespoke service, as it is quite difficult if you have a relatively big collection. To me it should be as easy as insuring a car. |
|
3 July 2024, 08:21 PM | #14 |
"TRF" Member
Join Date: Feb 2018
Location: UK
Watch: SD4k - Sky D
Posts: 791
|
TH March.
__________________
♛ Sea Dweller 4000 (SD4k) - Ref:116600 ♛ Sky Dweller - Ref: 326934-0004 Ω Swatch X Omega Mission to Jupiter (SO33C100) |
3 July 2024, 08:35 PM | #15 |
"TRF" Member
Join Date: Jul 2018
Location: Planet Earth
Watch: Me Now
Posts: 858
|
Agreed. It definitely seems a lot more straight forward for folks based in the US to purchase good quality, hassle-free watch insurance.
|
3 July 2024, 08:35 PM | #16 |
"TRF" Member
Join Date: Jul 2018
Location: Planet Earth
Watch: Me Now
Posts: 858
|
|
3 July 2024, 10:06 PM | #17 | |
"TRF" Member
Join Date: Jun 2020
Location: Pittsburgh
Watch: 126710BLNR Jubilee
Posts: 7,084
|
Quote:
__________________
126710 BLNR Jubilee |
|
4 July 2024, 12:07 AM | #18 |
"TRF" Member
Join Date: Jul 2024
Location: World
Posts: 29
|
Apart from TH March, are there any other UK based insurers that anyone can recommend please?
|
4 July 2024, 12:09 AM | #19 | |
2024 Pledge Member
Join Date: Jan 2022
Location: Canada
Watch: Sub| DJ41| 79540
Posts: 1,412
|
Quote:
|
|
4 July 2024, 04:28 AM | #20 |
2024 SubLV41 Pledge Member
Join Date: Mar 2017
Location: United States
Watch: Rolex and Patek
Posts: 11,416
|
I insure for what I paid plus the tax.
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
Thread Tools | |
Display Modes | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.