Insurance Replacement

[Kliminator]

Originally Posted by othertbone

Brother you are going to have a hard time.



I am in the process of re-appraising all my pieces for fair market value. My watches all have the retail price on the current appraisals, and in todays watch world that doesn't cut it for Rolex, AP and PP. So now if I lose a watch, I can immediately replace it with a new unworn piece from a local grey market dealer.



I'm sorry for your situation my friend. Think about raising your insured amount so you can actually replace the watch if it ever happens again. I hope it will work out for you this time around.

In this particular case, he had the watch insured for MSRP (8,450) and was able to get his watch replace from insurance GMT LN for BLNR w jubilee. Basically an interesting case where he did not have to pay premiums for a higher insured value but got an even more desireable watch back.

Obviously this wouldn't be recommended - better to insure at the higher value to be safe. But a fortunate and interesting outcome though