A friend lost his Rolex Daydate while out on a boat

[SweepingSH]

and now he wants to know what it would cost to buy a similar watch, or if the insurance steps in - at what level should he accept an agreement.

Hes got all the boxes and papers and the cert says 270 8984xxx and the cert is signed 1986 or possibly 1982 - its hard to read, but as he remembers it 1986 is most likely. He bought it new. All stainless steel w silver dial.

What model nr could this be? Could that be seen in the documents?
Were they all 36 mm at the time?
What is a realistic value?

Thanks for all help
Best Regards

[GEO_79]

maybe is a datejust...because the daydate is made only in white gold;yello and platinum...

[Christiaan]

Based on the serial number it dates from 1985. All Stainless or Two tone with yellow gold?

[BarkMaster]

Sounds like a Datejust....

[SPARTAN2161]

if it were an SS DD it would be very rare. they made one for prototype only i beleive. Most likely a DJ.

[sond86]

It would cost about $2000 to buy a similar watch.

[Speed]

Was it insured for replacement cost?

[unclesallie]

Originally Posted by Speed

Was it insured for replacement cost?

now there's the man with the right question! otherwise it's for present cash value, and most insurance policies have a limit(like $1500 or $2000), unless the item was photographed, separately listed and placed on a rider(addendum) to the homeowners or renters policy......

also, i agree sounds like a dj and not a DD.

good luck!

[rr-nyc]

Never seen a ss daydate. DJ?

[Tools]

If it was a Day Date, replacement would be 30,000 bucks; not something that Insurance would cover unless your friend has a replacement value jewelry rider.. He should know if he has this kind of insurance..

If It's a Datejust, replacement is 7,000 bucks, and again, insurance only covers such a loss if he has a policy that states that it will...

If your friend has the "boxes and papers", then he should know what he has, and he should know what insurance he has..

If the question is simply what does a replacement 25 year old watch cost...then 2,000 bucks fits the bill.. But insurance doesn't go out and buy you a used watch, generally..

[gsd119]

The best thing would be for him to sit down with his insurance carrier and they can figure it out. He may have to provide some photograph of the watch that shows him wearing it.

[Ed Rooney]

Could be platinum. If he can't remember 86 vs 92, then he probably wouldn't know the diff between platty and SS.

[cat3roadracer]

"at what level should he accept an agreement"

Your friend is not in the drivers seat, his insurance company is. If the piece is insured, he will receive its replacement value. If it is not a separate rider on his homeowners policy, he will receive very little.

Good luck.

[ingoodtime]

This is why I get nervous wearing my GMTIIC boating.

[rr-nyc]

Originally Posted by cat3roadracer

"at what level should he accept an agreement"

Your friend is not in the drivers seat, his insurance company is. If the piece is insured, he will receive its replacement value. If it is not a separate rider on his homeowners policy, he will receive very little.

Good luck.

Have you or anyone here ever made an insurance claim on a watch with a rider? I have and its quite simple. In my case, the watch stolen so all I needed was a copy of the police report. My insurance adjuster asked me if I wanted them to replace the watch with the current/comparable model or if I wanted the cash value of the replacement. The benefit to having them replace the watch under my policy is that they waived the deductable. I ended up taking the cash which was list price of the replacement watch minus my deductable of $250.

So the insured is very much in the drivers seat to decide what was acceptable them. If he didn't have a rider, he's probably stuck with $1000 max like most policies

[Art161]

Originally Posted by rr-nyc

Have you or anyone here ever made an insurance claim on a watch with a rider? I have and its quite simple. In my case, the watch stolen so all I needed was a copy of the police report. My insurance adjuster asked me if I wanted them to replace the watch with the current/comparable model or if I wanted the cash value of the replacement. The benefit to having them replace the watch under my policy is that they waived the deductable. I ended up taking the cash which was list price of the replacement watch minus my deductable of $250.

So the insured is very much in the drivers seat to decide what was acceptable them. If he didn't have a rider, he's probably stuck with $1000 max like most policies

Wow, that sounds like a good deal your insurance company offered. I've never had a claim, but it's my understanding that my insurance company would pay actual cash value upon receipt of proof of theft (e.g., police report) and then pay the difference between ACV and replacement cost when I provided them with proof that I had purchased a replacement watch.

At the moment, I can think of better things to spend $10,100 on than a watch!

[Luggy]

Hope your buddy doesn't take a 'bath' with this situation. ;D

I wouldn't take a Rolex on a boat unless you're rich enough that the thought of losing it doesn't make you uneasy. I ain't that rich. ;D

[Chris B]

We should be able to enjoy our watches in any situation carefree & without a hint of anxiety, hence we all should have adequate insurance cover

If you're not covered,...... do it today

[SweepingSH]

So for around USD 2000.- he will find something similar and now it is up to what is stated in the insurance policy.

My friend is not very watch interested. He wanted a good watch and thought he got a fair deal back in the days. He used it always and I doubt he serviced it more than once. He sure is missing it.

Edit: What reference numbers are possible for this watch? Can he read that from the documentation?
We both think it was 36mm - what do you say - were there any smaller or bigger gents?

Thanks all!

[Passionata]

well yr friend shouldn t drunk so much while boating:-)

[gofore59]

Sorry to hear about your friend's loss - DayDates and Datejusts are better suited for dry land - their claps never felt that secure to me. I just took my Sub 14060 on an 1100 cc waverunner in Cabo for two days straight and did not think twice about losing it...