Insurance Value for Waiting List Watches

[srvrf]

I have an email into my State Farm agent but haven’t heard back yet. As the title suggests, what kind of value do you ask for or get for a “hot” watch you’ve obtained off of a waiting list. Because the reality of it is that I can’t imagine anyone getting two of the same hot watch off of a waiting list if they happen to have the original watch stolen or lost. So someone who gets a new Batman GMT with a Jubilee for $9250 and has to replace it will probably have to pay $18-19,000 to replace it on the gray market. The worst one I can think of would be something like a Patek 5990 for $57k and then having to pay $110k on the secondary market.


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