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iazrollie · 11 August 2013, 11:22 PM

Now that I have acquired several watches, i think it necessary to get insurance. I called my homeowner agent and she said it is best to add them as a rider to the policy. Is that what most people do? What type of deductible do you take? Etc. Any details are helpful. Thank you.

Jack T · 11 August 2013, 11:46 PM

I just did the same thing. Depends on your insurer and type of policy you have, but the basic are:
Your basic policy has a very low limit of coverage and a high deductible for UNscheduled jewelry of any type, watches, rings, etc. Without scheduling the items, you could be out a lot of money.
By scheduling, you list each item and their respective values, and have, more or less, full coverage. For every $10,000 of coverage your annual premium will be around $50 or so.
Be sure to understand how your policy responds to "replacement cost" vs the "listed value". You might have paid $5,000 but it will cost $7,500 to replace due to a discontinued model, or some such variance.
I'm sure others can give more complete info, and your agent will be the best source.

beshannon · 11 August 2013, 11:55 PM

I have mine on my homeowners insurance with the same deductible I carry for the rest of the policy

cop414 · 11 August 2013, 11:59 PM

Check into Jewler's Mutual, many here have it. My Sub is insured against theft as well as damage, cost less than 100.00 per year. You can do it all online but you will have to have your watches appraised first. No deductable and great peace of mind. I still need to put my other watches on the policy. I believe that they tie the cost to your home zip code.

kbutler1 · 12 August 2013, 12:06 AM

Jewler's Mutual is the way I went. Easy and affordable.

iazrollie · 12 August 2013, 01:05 AM

Thanks everyone. Appreciate the input.

kieselguhr · 12 August 2013, 01:09 AM

In the US. Jewelers mutual. Hands down.

bde · 12 August 2013, 01:19 AM

I have a special Rider Policy on my homeowners insurance for all of my watches. Whichever way you go, insurance is worth the piece of mind.

11 August 2013, 11:22 PM	#1
iazrollie "TRF" Member Join Date: Jul 2013 Real Name: Ian Location: NY Watch: All of them Posts: 3,245	Insurance Now that I have acquired several watches, i think it necessary to get insurance. I called my homeowner agent and she said it is best to add them as a rider to the policy. Is that what most people do? What type of deductible do you take? Etc. Any details are helpful. Thank you.

11 August 2013, 11:46 PM	#2
Jack T "TRF" Member Join Date: May 2013 Real Name: Jack Location: The Triangle Watch: Several Posts: 6,719	I just did the same thing. Depends on your insurer and type of policy you have, but the basic are: Your basic policy has a very low limit of coverage and a high deductible for UNscheduled jewelry of any type, watches, rings, etc. Without scheduling the items, you could be out a lot of money. By scheduling, you list each item and their respective values, and have, more or less, full coverage. For every $10,000 of coverage your annual premium will be around $50 or so. Be sure to understand how your policy responds to "replacement cost" vs the "listed value". You might have paid $5,000 but it will cost $7,500 to replace due to a discontinued model, or some such variance. I'm sure others can give more complete info, and your agent will be the best source. __________________ Sub 116613 LN; GMT 116710 LN; Sinn 104R; Exp 214270; GS SBGM221; Omega AT

11 August 2013, 11:55 PM	#3
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,892	I have mine on my homeowners insurance with the same deductible I carry for the rest of the policy __________________ IWC Portugieser 7 Day, Omega Seamaster SMP300m, Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Breitling Superocean Steelfish, JLC Atmos Transparent Clock

11 August 2013, 11:59 PM	#4
cop414 TRF Moderator & 2024 SubLV41 Patron Join Date: Apr 2012 Real Name: Tim Location: Pennsylvania Watch: 14060M Posts: 72,244	Check into Jewler's Mutual, many here have it. My Sub is insured against theft as well as damage, cost less than 100.00 per year. You can do it all online but you will have to have your watches appraised first. No deductable and great peace of mind. I still need to put my other watches on the policy. I believe that they tie the cost to your home zip code. __________________ Rolex Submariner 14060M Omega Seamaster 2254.50 DOXA Professional 1200T Card carrying member of TRF's Global Association of Retro-Grouch-Curmudgeons TRF's "After Dark" Bar & NightClub Patron P Club Member #17 2 FA ENABLED

12 August 2013, 01:05 AM	#6
iazrollie "TRF" Member Join Date: Jul 2013 Real Name: Ian Location: NY Watch: All of them Posts: 3,245	Thanks everyone. Appreciate the input. __________________ Rolex, PPs, Breitling

12 August 2013, 12:06 AM	#5
kbutler1 "TRF" Member Join Date: May 2013 Real Name: Kevin Location: Colorado Watch: This one Posts: 633	Jewler's Mutual is the way I went. Easy and affordable.

12 August 2013, 01:09 AM	#7
kieselguhr "TRF" Member Join Date: May 2013 Real Name: Nick Location: Las Vegas Watch: 1601 Posts: 10,623	In the US. Jewelers mutual. Hands down.

12 August 2013, 01:19 AM	#8
bde "TRF" Member Join Date: Jun 2012 Real Name: Brad Location: Indiana Watch: -aholics anonymous Posts: 1,589	I have a special Rider Policy on my homeowners insurance for all of my watches. Whichever way you go, insurance is worth the piece of mind.

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