Should I get an appraisel of my Tudor BB 58 from AD?

[cronos]

I got this email from the lady at the AD who sold me my new Tudor BB 58:

"Happy New Year to you! How is your TUDOR watch?
Would you like an appraisal for insurance purposes?"

I hadn't thought about this before because this is the first watch I have bought that is worth more than a couple hundred dollars. Should I insure it? Do I need an appraisal if I already have a sales receipt? Does it cost money to get an appraisal from the AD I just bought the watch from? Any advice you could give this newbie would really be appreciated.

[JodyHighroller]

How long ago was the purchase? Most insurance carriers will accept a store receipt within one year period. Most ADs do appraisals as complimentary with a purchase. Is a $4k loss significant to you? If so, then get it insured.

[charger]

Originally Posted by cronos

I got this email from the lady at the AD who sold me my new Tudor BB 58:

"Happy New Year to you! How is your TUDOR watch?
Would you like an appraisal for insurance purposes?"

I hadn't thought about this before because this is the first watch I have bought that is worth more than a couple hundred dollars. Should I insure it? Do I need an appraisal if I already have a sales receipt? Does it cost money to get an appraisal from the AD I just bought the watch from? Any advice you could give this newbie would really be appreciated.

Yes

[cronos]

Ok,good advice,thanks guys!

[JWD531]

She might be building rapport and that was the easiest way to do so. She may have another watch to sell you... (not a bad thing).

I think insurance is a good idea - might as well start the habit now so it becomes easier to add to your policy when you get your next nice watch.


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[warren G.]

I'd def get the appraisal and the insurance. It should be pretty cheap too, probably under $200 per year.

[muskaroxs]

Have you looked into the HODINKEE insurance? Just fill outthe info and upload a pic of your watch and they give you an estimate instantly. Most likely under $120 a year for that watch.


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[cronos]

Wow! Ok,thanks for all the advice and info guys. I really appreciate it.

[kieselguhr]

If peace of mind is something you value then getting it appraised for insurance purposes is pretty much a no brainer.

I pay less than 1% the value of insured item through jewelers mutual. Not sure what the rates are these days.

[SkyJuice]

I get my appraisal from local watchmaker free. But again I always go there for servicing.

[DJ2020]

I have all mine insured threw Jewelers mutual. New Rolex is a $80 premium per year 0 deductible and great coverage. Easy to do on line.

[derekhayden]

I use Jewelers Mutual as well and just sent a picture of watch and receipt. Only reason why I would get an appraisal of such a new watch is if there was the possibility of a new watch waiting for me at my AD.