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Dayhvac · 9 January 2022, 01:52 AM

Good morning all,

Currently use JM for my watch insurance. Thinking of switching to Hodinkee, had them quote me at full market value. People using Hodinkee are you insuring at retail or market value?

Thanks In advance

Jim

yOyOYoo · 9 January 2022, 01:57 AM

Definitely at market value. There is just such a huge difference between retail and market value for many watches. I recently switched from JM to Hodinkee and have been very pleased with how easy it has been to setup.

JodyHighroller · 9 January 2022, 02:01 AM

See my thread on the topic.

https://www.rolexforums.com/showthread.php?t=829466

Scott_ · 9 January 2022, 02:33 AM

Currently my only Rolex is a 16220 DJ, so it's insured with Hodinkee at market value.

train-time · 9 January 2022, 04:50 AM

Just switched my insurance from JM to Hodinkee at market value. JM has been too slow and too difficult.

solomon23 · 9 January 2022, 05:19 AM

I’d like to switch too but I’m seeing the pricing for JM be around .8 and Hodinkee at 1.4. Seems quite a difference

fluffybunny · 9 January 2022, 07:56 AM

Can you buy Hodinkee insurance work outside of the US?

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fluffybunny · 9 January 2022, 07:57 AM

Oops

chennney · 9 January 2022, 08:09 AM

Quote:

Originally Posted by Dayhvac

Good morning all,

Currently use JM for my watch insurance. Thinking of switching to Hodinkee, had them quote me at full market value. People using Hodinkee are you insuring at retail or market value?

Thanks In advance

Jim

I recently switched to HODINKEE from JM for watch insurance. My coverage for most of my watches were above retail but not at the height of the current market pricing since the HODINKEE coverage already allows for up to 150% of the coverage value up to market value, which I found very convenient and fair. I didn’t like having to go through reappraisal for my watches periodically to update coverage with JM. Also, HODINKEE annual premium was 1.2% vs JM’s 1.6% which was also a nice surprise.

Sent from my iPhone using Tapatalk

afmars · 9 January 2022, 08:23 AM

I have a policy with them at market price. They are easy to deal with and no fuss.

Dayhvac · 9 January 2022, 08:40 AM

Hodinkee is quoting me 2.4% Seems high.

JSol1 · 9 January 2022, 09:20 AM

I use both. JM for wife’s jewelry and a couple of Rolex that aren’t highly appreciating pieces and Hodinkee for Daytona, GMT, Sub etc.
I much prefer Hodinkee and no deductible but they are a bit higher….

LA_LEC · 9 January 2022, 10:20 AM

I insure with Hodinkee. I just raised the coverage amount via the iPhone app for my Explorer 1 from $10300 to $12000 and it increased $15 a year. Was nice to be able to do in about 60 seconds using my iPhone. Highly recommend Hodinkee

JodyHighroller · 9 January 2022, 10:31 AM

Quote:

Originally Posted by Dayhvac

Hodinkee is quoting me 2.4% Seems high.

Your zip code is a big factor in terms of rates.

WilsdorfNDavis · 9 January 2022, 10:32 AM

Just insured 3 watches with Hodinkee last week, my rate was right at 1.3% at market value.

Phlippe · 9 January 2022, 10:52 AM

Hodinkee Watch Insurance is an easy way to insure your watches. Though, I cannot vouch for how easy they are to deal with if you have to file a claim. The App is well thought out and easy to adjust watch values as they change.

JodyHighroller · 9 January 2022, 11:02 AM

Quote:

Originally Posted by Phlippe

Hodinkee Watch Insurance is an easy way to insure your watches. Though, I cannot vouch for how easy they are to deal with if you have to file a claim. The App is well thought out and easy to adjust watch values as they change.

A member here posted a thread a couple weeks back and got reimbursed for his stolen watch within six days of filing.

Onequik135i · 9 January 2022, 11:22 AM

I signed up with them when they first made the announcement a year or so back, it’s the easiest way to insure your timepieces especially if you rotate the collection a bit.

jrbar-on · 9 January 2022, 11:46 AM

I have my watches on a personal articles policy from State Farm and haven't had any problems and the expense seems pretty reasonable. It is for complete replacement insurance and so far, they only had to pay up on one watch about 8 years ago when a VC Overseas was stolen. They originally offered me cash as the replacement was going to take about 2 months. I told them I would wait and actually received it in 5 weeks complete with AD stamp dated the day the watch was shipped to me. I'm not sure how they would handle the current shortage of watches and the contrast between street value and MSRP but I don't really worry about it.

Cheers,

Jonathan

9 January 2022, 01:52 AM	#1
Dayhvac 2024 Pledge Member Join Date: May 2018 Location: NY Posts: 161	Hodinkee Insurance Good morning all, Currently use JM for my watch insurance. Thinking of switching to Hodinkee, had them quote me at full market value. People using Hodinkee are you insuring at retail or market value? Thanks In advance Jim

9 January 2022, 07:57 AM	#8
fluffybunny "TRF" Member Join Date: May 2014 Location: Earth Posts: 256	Hodinkee Insurance Oops Last edited by fluffybunny; 9 January 2022 at 08:00 AM.. Reason: Duplicate

9 January 2022, 10:20 AM	#13
LA_LEC "TRF" Member Join Date: Dec 2012 Location: Los Angeles Watch: Explorer Posts: 1,793	I insure with Hodinkee. I just raised the coverage amount via the iPhone app for my Explorer 1 from $10300 to $12000 and it increased $15 a year. Was nice to be able to do in about 60 seconds using my iPhone. Highly recommend Hodinkee __________________ 16610 ♛ 16610LV ♛ 214270 MK2 "Life is far too short not to wear a Rolex!"

9 January 2022, 11:22 AM	#18
Onequik135i "TRF" Member Join Date: Sep 2009 Location: Tampa, Florida Watch: 116610LV Posts: 2,573	I signed up with them when they first made the announcement a year or so back, it’s the easiest way to insure your timepieces especially if you rotate the collection a bit. __________________ 16750 / 116610LV / 116613LB / Ed White 321 / PAM111 / PAM170

9 January 2022, 01:57 AM	#2
yOyOYoo "TRF" Member Join Date: Nov 2012 Location: CA Watch: 116519LN Posts: 618	Definitely at market value. There is just such a huge difference between retail and market value for many watches. I recently switched from JM to Hodinkee and have been very pleased with how easy it has been to setup.

9 January 2022, 02:01 AM	#3
JodyHighroller Banned Join Date: Dec 2018 Location: DFW, TX Posts: 2,149	See my thread on the topic. https://www.rolexforums.com/showthread.php?t=829466

9 January 2022, 02:33 AM	#4
Scott_ "TRF" Member Join Date: Jan 2022 Location: Georgia Posts: 127	Currently my only Rolex is a 16220 DJ, so it's insured with Hodinkee at market value.

9 January 2022, 04:50 AM	#5
train-time 2024 SubLV41 Pledge Member Join Date: Feb 2009 Real Name: Plankton Location: US Watch: less Posts: 4,160	Just switched my insurance from JM to Hodinkee at market value. JM has been too slow and too difficult.

9 January 2022, 05:19 AM	#6
solomon23 "TRF" Member Join Date: Dec 2019 Location: Seattle Posts: 55	I’d like to switch too but I’m seeing the pricing for JM be around .8 and Hodinkee at 1.4. Seems quite a difference

9 January 2022, 07:56 AM	#7
fluffybunny "TRF" Member Join Date: May 2014 Location: Earth Posts: 256	Can you buy Hodinkee insurance work outside of the US? Sent from my iPhone using Tapatalk

9 January 2022, 08:23 AM	#10
afmars "TRF" Member Join Date: Aug 2019 Real Name: Andrew Location: USA Watch: BLRO Posts: 738	I have a policy with them at market price. They are easy to deal with and no fuss.

9 January 2022, 08:40 AM	#11
Dayhvac 2024 Pledge Member Join Date: May 2018 Location: NY Posts: 161	Hodinkee is quoting me 2.4% Seems high.

9 January 2022, 09:20 AM	#12
JSol1 2024 SubLV41 Pledge Member Join Date: Aug 2019 Location: New England Posts: 1,933	I use both. JM for wife’s jewelry and a couple of Rolex that aren’t highly appreciating pieces and Hodinkee for Daytona, GMT, Sub etc. I much prefer Hodinkee and no deductible but they are a bit higher….

9 January 2022, 10:32 AM	#15
WilsdorfNDavis "TRF" Member Join Date: Nov 2021 Location: In a handbasket Posts: 1,268	Just insured 3 watches with Hodinkee last week, my rate was right at 1.3% at market value.

9 January 2022, 10:52 AM	#16
Phlippe 2024 Pledge Member Join Date: Jul 2019 Location: The Frozen North Posts: 140	Hodinkee Watch Insurance is an easy way to insure your watches. Though, I cannot vouch for how easy they are to deal with if you have to file a claim. The App is well thought out and easy to adjust watch values as they change.

9 January 2022, 11:46 AM	#19
jrbar-on 2024 Pledge Member Join Date: Jan 2009 Location: Los Angeles, CA Posts: 803	I have my watches on a personal articles policy from State Farm and haven't had any problems and the expense seems pretty reasonable. It is for complete replacement insurance and so far, they only had to pay up on one watch about 8 years ago when a VC Overseas was stolen. They originally offered me cash as the replacement was going to take about 2 months. I told them I would wait and actually received it in 5 weeks complete with AD stamp dated the day the watch was shipped to me. I'm not sure how they would handle the current shortage of watches and the contrast between street value and MSRP but I don't really worry about it. Cheers, Jonathan

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