Are all of you insuring your rolexes

[HACKNSACK44]

Originally Posted by scarab007

I go through USAA from my military days. I only pay $60 a year for watches and rings. I had to up my policy from $45 a year when I added the daytona being over 10k, but I think it is worth it. You never know when you will drop it, lose it, wife chucks it out the window or something. No hassle, just make a claim and watch is covered.

I use USAA also..

[watchf]

Originally Posted by johnbeth

For a piece of mind, it a very small price to pay. I have insured both watches as I do wear them everywhere.

John did you insure them under home insurance or a completely different type of insurance? I ask because we don't have many choices (or rather no choices!) down under and it is hard finding anything other than home content insurance.

[SWIMPRUF]

No I don't insure it. My hidden safe does the job for me.

[MortgageGuy]

Had them on my Homeowner's Policy for years but switched to Jewelers Mutual as I don't want my Homeowner's rates to increase due to a jewelry claim... JM has been wonderful to work with even for a veteran flipper for me, I must drive them crazy

[Barstools]

Originally Posted by SWIMPRUF

No I don't insure it. My hidden safe does the job for me.

Doesn't do much good if it's broken.

[slcbbrown]

no-- i have 3 Rolex and some other brands, no individual watch is wildly expensive

[dcash0615]

All mine are fully insured.

Originally Posted by patek97

I just got off the phone with my homeowners insurance and its going to cost me 600 dollars a year for insurance of my two Daytona and two patek phillipe
watches that i wear off and on.
They gave me a discount ,it was quoted for 1000 dollars but got it down to 600,its covers all lost or stolen with no deducible on the policy which is a rider on it.
I figured i better do it just in case, i will sent in all appraisals to activate it.It better to be safe and do this ,any one else doing this.

[watch watcher]

No. Crime here where I live is virtually non-existent. However, I DO worry about the watch falling off or simply losing it somehow, so it's definitely something worthwhile to consider.

[gmt637]

I ways wear my GMT master which was a gift from my brother. It is insured by Mr. Smith and Mr. Wesson...as I have a concealed carry permit... Now..if I had a second Rolex, it would be stashed inside my 350 lb gun safe which is bolted to the floor of my home.. but I would STILL have a rider on my insurance, as I do for my wife's jewelry. I don't pay anything close to 1000 for that rider, but again, it's for her jewelry, not for a Rolex.

[gmt637]

Good point..maybe mr. smith and mr. wesson aren't enough..I hadn't thought of it just falling off my hand... very good point! Thanks! I think I need to call my insurance agent...

[chestercopperpot]

yeah that freaks me out a bit...i think i should insure mine.

[krzspeedstr]

I find a lot points interesting and valid but somevare just as absurd, I also have a concealed weapons permit but that does not do any good when you travel. I travel often both domestically & internationally and knowing that they are protected let's me enjoy them.

[imaddhatter]

I'm actually looking for a policy myself, I called my homeowner's insurance and they said it would be about $12/year for every $1,000 of the appraisal value, have to do some more research to find out if it's a good deal or not

[PHDX2]

Jewelers Mutual!