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cgjane · 21 December 2011, 02:22 AM

I paid JM to cover my watches and I received my policy today, this is what scared me:

Most of my watches are via individual (ebay, TRF Classifieds) transactions. So obviously there are no receipts.

Is this a concern when/ if I have a claim?

Anyone who has claimed loss with JM want to chime in if they require receipts of when you bought your watch?

I tried calling JM and they say all claims are processed on a case by case basis and cannot get a definitive answer.

Dan Pierce · 21 December 2011, 02:27 AM

It would be prudent to have each watch evaluated to establish exactly what you have, which I think is requested from JM anyway. I wouldn't worry about sales receipts though.
dP

cgjane · 21 December 2011, 02:40 AM

Quote:

Originally Posted by Dan Pierce

It would be prudent to have each watch evaluated to establish exactly what you have, which I think is requested from JM anyway. I wouldn't worry about sales receipts though.
dP

I had to appraise them and upload to their site as part of the approval process.

How I read it is you need a Sales Receipt...I think I might just draw up Bill of Sales for each watch (in lieu of) just in case.

wantonebad · 21 December 2011, 02:49 AM

appraisal should be fine, call them and ask to be sure but that's the binding document they base their coverage on. They can't cover you, then request a retail receipt if there is a claim, that would be ludicrous...

btinl · 21 December 2011, 02:51 AM

I had to provide appraisals of my watches prior to getting a policy as well.

conrail · 21 December 2011, 03:22 AM

I've used JM before - you have to have an appraisal anyways (easy) and any ebay, paypal, email records are more than plenty for "sales receipt" purposes. Their "related documents" language covers you there - insurance companies are strict, but they're generally not completely unreasonable in this regard.

Tri-Tip · 21 December 2011, 03:34 AM

I had to send in the appraisal. Told them I didn't have a receipt as the watch was a gift.

cgjane · 21 December 2011, 03:43 AM

I was hoping someone who have had a claim with JM could chime in.

Most of my watches are from grey dealers (like Trusted Sellers here) or Individual to Individual sales.

I just want to make sure I am covered.

wantonebad · 21 December 2011, 03:46 AM

Quote:

Originally Posted by cgjane

I was hoping someone who have had a claim with JM could chime in.

Most of my watches are from grey dealers (like Trusted Sellers here) or Individual to Individual sales.

I just want to make sure I am covered.

If you've paid your premium and given them an appraisal your covered.

21 December 2011, 02:22 AM	#1
cgjane "TRF" Member Join Date: Jan 2011 Location: Houston Watch: 116509 BlackArabic Posts: 1,176	Jewelers Mutual question... I paid JM to cover my watches and I received my policy today, this is what scared me: Most of my watches are via individual (ebay, TRF Classifieds) transactions. So obviously there are no receipts. Is this a concern when/ if I have a claim? Anyone who has claimed loss with JM want to chime in if they require receipts of when you bought your watch? I tried calling JM and they say all claims are processed on a case by case basis and cannot get a definitive answer. __________________ Life is an adventure or nothing at all.

21 December 2011, 02:27 AM	#2
Dan Pierce 2024 Pledge Member Join Date: Dec 2006 Real Name: D'OH! Location: Kentucky Watch: Rolex-1 Tudor-3 Posts: 36,217	It would be prudent to have each watch evaluated to establish exactly what you have, which I think is requested from JM anyway. I wouldn't worry about sales receipts though. dP __________________ TRF Member# 1668 Bass Player in TRF "AFTER DARK" Bar & NightClub Band Commander-in-Chief of The Nylon Nation The Crown & Shield Club Honorary Member of P-Club

21 December 2011, 02:49 AM	#4
wantonebad 2024 SubLV41 Pledge Member Join Date: Nov 2007 Location: USA Watch: 126600, 116500LN Posts: 12,849	appraisal should be fine, call them and ask to be sure but that's the binding document they base their coverage on. They can't cover you, then request a retail receipt if there is a claim, that would be ludicrous... __________________ "I'm kind of a big deal... on a fairly irrelevant social media site that falsely inflates my fragile ego"

21 December 2011, 03:22 AM	#6
conrail "TRF" Member Join Date: Sep 2010 Location: Boston Posts: 3,177	I've used JM before - you have to have an appraisal anyways (easy) and any ebay, paypal, email records are more than plenty for "sales receipt" purposes. Their "related documents" language covers you there - insurance companies are strict, but they're generally not completely unreasonable in this regard. __________________ "Oh, you give a f****' aspirin a headache, pal!"

21 December 2011, 03:43 AM	#8
cgjane "TRF" Member Join Date: Jan 2011 Location: Houston Watch: 116509 BlackArabic Posts: 1,176	I was hoping someone who have had a claim with JM could chime in. Most of my watches are from grey dealers (like Trusted Sellers here) or Individual to Individual sales. I just want to make sure I am covered. __________________ Life is an adventure or nothing at all.

21 December 2011, 02:51 AM	#5
btinl 2024 Pledge Member Join Date: Aug 2010 Location: . Watch: on my wrist Posts: 1,973	I had to provide appraisals of my watches prior to getting a policy as well.

21 December 2011, 03:34 AM	#7
Tri-Tip "TRF" Member Join Date: Jan 2011 Location: CA, USA Watch: Out!!! Posts: 6,474	I had to send in the appraisal. Told them I didn't have a receipt as the watch was a gift.

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