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13 August 2011, 05:16 AM | #1 |
"TRF" Member
Join Date: Dec 2010
Real Name: Pete
Location: Arizona
Watch: ing Duke bball
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Insurance and valuation
I have not called my insurance carrier yet, but I expect anything new I add will need some sort of valuation. When purchasing a watch from the forums, what wold be the best process to get an appraisal if there were no papers? Go to AD or professional appraisal house? Do they factor in rarity or collectibility? I know nothing about how that would work.
Pete |
13 August 2011, 05:31 AM | #2 |
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Pete, I've used my local jewelry stores in the past. Most will appraise items for much more than you paid, or the item is worth, even without knowing it is rare/collectible.
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"Oh, you give a f****' aspirin a headache, pal!" |
13 August 2011, 06:06 AM | #3 | |
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Watch: ing Duke bball
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Quote:
Pete |
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23 August 2011, 09:55 AM | #4 |
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Join Date: Jan 2011
Real Name: Matt
Location: Atlanta
Watch: Tramp
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I went to a local AD and they told me they are not allowed to appraise Rolex watches that they did not sell. They said they can loose the ability to sell Rolex. A bunch of BS in my book as I have had other AD's do this in the last 6 months
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23 August 2011, 09:58 AM | #5 |
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23 August 2011, 09:59 AM | #6 |
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Yup, tell them what you need it for or just say you need a written appraisal and they'll do it up for you. If its written and on the store's paper, or letterhead, that's more than plenty for just about any insurance carrier.
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"Oh, you give a f****' aspirin a headache, pal!" |
23 August 2011, 10:00 AM | #7 |
"TRF" Member
Join Date: May 2011
Real Name: Jay
Location: Northern Virginia
Watch: Rolex
Posts: 2,490
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My AD does appraisals by appointment for $95, and provides a free appraisal with each purchase. They even appraised my Datejust purchased in '87 from another AD at no charge.
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23 August 2011, 10:10 AM | #8 | |
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Join Date: Nov 2008
Real Name: Matt
Location: Dallas
Posts: 1,683
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Quote:
Price list...check Printer/paper...check Looks like I'm set-up to make $95 for thirty seconds of work! |
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23 August 2011, 11:13 AM | #9 |
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Join Date: Apr 2011
Location: Australia
Posts: 4,689
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Didn't think I could get insurance on vintages without it being ridiculously expensive. Any one has any experience of a successful claim from an insurance company on a stolen watch based on one of these appraisals? Wonder if the insurance companies would give a hard time in honoring those appraisals.
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Last thing I remember, I was Running outta sight I had to find the passage back,To the place I was before. ’Relax,’ said this Rolex place,We are programmed to receive. You can checkout any time you like, But you can never leave! |
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