Rolex INSURANCE

[Rbdport]

Originally Posted by Power Play

After having insured watches and jewelry for many yrs, paying lots of premium dollars without ever submitting a claim, I no longer insure this kind of stuff. I figure I'm saving plenty of dough every year and am basically self-insuring. Just my approach...

Only takes one time to wish you had insurance. Hubby and I lived without insurance for the first 6 years we were married. We were dirt poor living in KS (and I do mean poor) and kept saying we couldn't afford it. Then a friend had a house fire and we said "we don't have much, but we better insure it.". Took out our first policy with USAA (I'm a brat, hubby was E5 in the Army reserves at that time- retired as SGM). One month later we were hit by a tornado, our few possessions were scattered over several counties. All of our furniture was "gifted," what we prefer to call "early poverty style.". Replacement value bought us a house full of beautiful replacement. If you still question the value of insurance, I can tell you that replacing JUST the content of "sock and undies" drawers was over $2000 20 years ago.