Recurring Insurance Appraisal Question

[123Blueface]

Originally Posted by hannibal80

Many insurance companies actually go straight to the manufacturer for the watch in case of loss/theft, thus even if you lost a 16710 Pepsi the insurer would go to Rolex and get the BRLO as it’s the current equivalent. Rolex and other manufacturers keep insurance stock. Not all insurance companies do this, so you need to check your policy.


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After 36 years as a claims manager for a very, very large insurer, I assure you that you could not be further from the truth.
We may have replacement sources we use regularly but they are subject to the same issues all ADs face of no supply. No such thing as bypassing an established retail process and going to manufacturer.

Originally Posted by Calatrava r

Most insurance companies on jewelry have the absolute right at their choosing to replace the piece. On a current production watch it makes the most sense to insure for the current retail. Insurance Companies have agreements and purchasing arrangements that the consumer can only wish for.

If it involves a readily available watch, different story. With a BLRO I assure you they will have to honor the insured amount, unless they can direct me to a source that has it readily available for the lesser amount they will pay.
.....and yes, with JM will invariably be a replacement. You won’t see any cash out.