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5 January 2013, 05:39 AM | #1 |
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Insurance
All,
I recently purchased two watches (from DavidSW) and, to my surprise, i received a quote of $700 per year from my insurance company for the rider to my homeowner's policy (New Jersey Manufacturer's Insurance, a reputable company). Are there any financially strong and reputable insurance companies that may quote a lower number? This is my first go-round with this type of insurance, and maybe the $700 quote is a good number, but it just seems really high. Thanks! |
5 January 2013, 05:41 AM | #2 |
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You didn't say which watches that you're trying to insure, but that does seem way high.
Try Jewelers Mutual.
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5 January 2013, 05:43 AM | #3 |
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Real Name: Eric
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I use Jewelers Mutual and pay nearly half that for four watches.
I haven't had a claim yet but have heard good things. You need to stay up on price increases by submitting the new MSRP to them once they're published. |
5 January 2013, 06:12 AM | #4 |
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I only have 2 watches insured with USAA and I pay less than 200 a year. I would shop around.
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5 January 2013, 06:14 AM | #5 |
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Dbl post.
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5 January 2013, 06:14 AM | #6 |
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That's crazy high. I have a separate policy through State Farm that covers everything above the standard homeowner's policy.
You need to shop around.... Maybe for more than just the watch coverage.
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5 January 2013, 06:19 AM | #7 |
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Real Name: Heath
Location: Lawrenceburg KY
Watch: Submariner
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I would definitely shop around. That sounds like you are insuring a car not a couple of watches.
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5 January 2013, 06:24 AM | #8 |
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Real Name: James
Location: New Providence,NJ
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$700 a year sounds high to me
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5 January 2013, 06:50 AM | #9 | |
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Quote:
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5 January 2013, 06:59 AM | #10 |
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Real Name: Kyung
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If your two watches retail for $70,000, then $700/yr would be reasonable. Which two pieces do you have?
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5 January 2013, 07:00 AM | #11 |
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Jewelers mutual.
I had NJM for my car a couple years back and liked their dividend, but was able to find a cheaper company for car as well.
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5 January 2013, 07:00 AM | #12 |
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5 January 2013, 07:03 AM | #13 |
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I have $50k in scheduled jewelry, including watches, and I pay $507 per year on my Liberty Mutual homeowners policy
I forgot to mention I have a $500 deductible |
5 January 2013, 07:04 AM | #14 |
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Thats very very very high
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5 January 2013, 07:07 AM | #15 |
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Real Name: Kyung
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Watch: cha want...
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BTW, Jewelers Mutual is quite expensive in NJ. They come in at 2% with $0 deductible. I use Metlife SSP attached to my homeowners. It is a hair over 1% with $0 deductible. Not sure why JM Is so expensive in NJ...
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5 January 2013, 08:09 AM | #16 |
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Thanks for all the quick responses. To answer the one question, I have a brand new all-gold Sub-C in black and a ladies date-just with the 46 diamonds and the MOP face.
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5 January 2013, 10:35 AM | #17 | |
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Quote:
https://my.perfectcircleinsurance.co...lculatePremium |
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