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BNA/LION · 13 February 2014, 04:56 AM

I just spoke to my Insurance Broker at Mercury Insurance in Southern California regarding a rider for my Wife's new Rolex and he quoted $10.70 per thousand to insure individual watches up to $15K per watch.

$10.70 / thousand $'s .... Seem reasonable to me.

Keith1 · 13 February 2014, 05:00 AM

That is a great price, BUT I would look into what it does or does not cover. Also does it cover any damage?

beshannon · 13 February 2014, 05:10 AM

Quotes are irrelevant.

Deductible, other coverage, extent of coverage, location, credit score, discounts, other insurance . . .

Everyone's quote will be different, you can only shop around for yourself.

wctm68 · 13 February 2014, 05:14 AM

cool

Rich2putt · 13 February 2014, 05:27 AM

Quote:

Originally Posted by BNALION

I just spoke to my Insurance Broker at Mercury Insurance in Southern California regarding a rider for my Wife's new Rolex and he quoted $10.70 per thousand to insure individual watches up to $15K per watch.

$10.70 / thousand $'s .... Seem reasonable to me.

I pay $1.25 per hundred, no deductible, covers breakage, loss, stolen, etc....

pfg1 · 13 February 2014, 05:39 AM

My YM 116622 Blue is insured with Amica Insurance as a Scheduled Item (no deductible) for $60 per year which is about $5.71/$1,000.

116618wannabee · 13 February 2014, 05:51 AM

$18.50 per thousand with a $500 deductible for $34k wstch from Jewelers Mutual ...

Keith1 · 13 February 2014, 06:03 AM

Jewelers Mutual with a $100 detectable:

Cost---MSRP
$149--$10,650 = $13.99 per thousand
$168--$12,050 = $13.94 per thousand
$297--$16,800 = $17.68 per thousand

dasams · 13 February 2014, 06:14 AM

$16.60 per thousand for a GMT-II at State Farm. Convers loss or damage and no deductible. Insurer has right to repair or replace at their cost. Cash settlement at replacement cost which can be less than the insured amount. I believe this last item addresses jewelry (especially diamonds) as dealers routinely give appraisals that are much higher than the actual cost.

wantonebad · 13 February 2014, 06:51 AM

you don't want to make a claim on a 5K-12K watch attached to your home owners by a scheduled addition, you'll get your home owners policy cancelled or sky rocketing premiums. JM for me!

mm99 · 13 February 2014, 10:58 AM

What are people using as an appraisal for Jewellers Mutual? I bought my watch from DavidSW but didn't get a receipt.

wantonebad · 14 February 2014, 12:57 AM

Quote:

Originally Posted by mm99

What are people using as an appraisal for Jewellers Mutual? I bought my watch from DavidSW but didn't get a receipt.

Any watchmaker/Jeweler can do an appraisal, so can an AD if they are are inclined to. Some will do it gratis and others will charge for it. Up to you how you proceed.

wy2l · 14 February 2014, 03:47 AM

I got a competitive quote from my local State Farm insurance agent.

salty_snack · 14 February 2014, 05:05 AM

AmFam insurance. Scheduled with no deduction. $9 per thousand.

subtona · 14 February 2014, 05:14 AM

Interesting differences

mm99 · 15 February 2014, 03:47 AM

And the answer is email David and he will send appraisal letter!

FYI in case anybody was in the same predicament as I.

Quote:

Originally Posted by mm99

What are people using as an appraisal for Jewellers Mutual? I bought my watch from DavidSW but didn't get a receipt.

13 February 2014, 04:56 AM	#1
BNA/LION 2024 SubLV41 Pledge Member Join Date: May 2011 Real Name: Larry Location: San Diego, CA Watch: ROLEX Posts: 25,659	Watch Insurance Pricing ~ Post Quotes for Comparison Here I just spoke to my Insurance Broker at Mercury Insurance in Southern California regarding a rider for my Wife's new Rolex and he quoted $10.70 per thousand to insure individual watches up to $15K per watch. $10.70 / thousand $'s .... Seem reasonable to me. __________________ ✦ 28238 President DD 18K/YG ✦ 16610LN SS Sub ✦ 16613 18K/SS Serti ✦ 16550 Exp II Non-Rail Cream Dial ✦ Daytona C 116500 ✦ 126710 BLRO GMT-Master II ✦ NEXT-->? ⛳ Hole In One! 10/3/19 DMCC 5th hole, par 3, 168 yards w/ 4-Iron.

13 February 2014, 05:10 AM	#3
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,892	Quotes are irrelevant. Deductible, other coverage, extent of coverage, location, credit score, discounts, other insurance . . . Everyone's quote will be different, you can only shop around for yourself. __________________ 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

13 February 2014, 05:39 AM	#6
pfg1 "TRF" Member Join Date: Apr 2010 Location: Wisconsin Watch: 116622 YM Blue Posts: 505	My YM 116622 Blue is insured with Amica Insurance as a Scheduled Item (no deductible) for $60 per year which is about $5.71/$1,000. __________________ Life is filled with choices......and consequences! 2019 Sky-Dweller Giveaway 2019 GMT CHNR Giveaway 2019 DEEPSEA Giveaway 2018 Rolex Red SD43 Giveaway 2018 Bond Submariner Giveaway 2020 Rolex + Tudor GMT Giveaway 2020 Rolex Submariner Giveaway

13 February 2014, 06:51 AM	#10
wantonebad 2024 SubLV41 Pledge Member Join Date: Nov 2007 Location: USA Watch: 126600, 116500LN Posts: 12,849	you don't want to make a claim on a 5K-12K watch attached to your home owners by a scheduled addition, you'll get your home owners policy cancelled or sky rocketing premiums. JM for me! __________________ "I'm kind of a big deal... on a fairly irrelevant social media site that falsely inflates my fragile ego"

14 February 2014, 05:14 AM	#15
subtona "TRF" Member Join Date: Jan 2011 Real Name: gus Location: East Coast Watch: APK & sometimes Y Posts: 26,601	Interesting differences __________________

13 February 2014, 05:00 AM	#2
Keith1 "TRF" Member Join Date: Jun 2013 Location: San Diego Watch: Sub-C blue, DSSD Posts: 2,482	That is a great price, BUT I would look into what it does or does not cover. Also does it cover any damage?

13 February 2014, 05:14 AM	#4
wctm68 Member Join Date: Aug 2013 Location: LA Posts: 119	cool

13 February 2014, 05:51 AM	#7
116618wannabee "TRF" Member Join Date: Jan 2014 Location: NYC Watch: Your parking meter Posts: 74	$18.50 per thousand with a $500 deductible for $34k wstch from Jewelers Mutual ...

13 February 2014, 06:03 AM	#8
Keith1 "TRF" Member Join Date: Jun 2013 Location: San Diego Watch: Sub-C blue, DSSD Posts: 2,482	Jewelers Mutual with a $100 detectable: Cost---MSRP $149--$10,650 = $13.99 per thousand $168--$12,050 = $13.94 per thousand $297--$16,800 = $17.68 per thousand

13 February 2014, 06:14 AM	#9
dasams "TRF" Member Join Date: Nov 2013 Real Name: 997.2 Location: Marin Watch: GMT II & Daytona Posts: 17	$16.60 per thousand for a GMT-II at State Farm. Convers loss or damage and no deductible. Insurer has right to repair or replace at their cost. Cash settlement at replacement cost which can be less than the insured amount. I believe this last item addresses jewelry (especially diamonds) as dealers routinely give appraisals that are much higher than the actual cost.

13 February 2014, 10:58 AM	#11
mm99 "TRF" Member Join Date: Jan 2012 Location: SEattle Posts: 10	What are people using as an appraisal for Jewellers Mutual? I bought my watch from DavidSW but didn't get a receipt.

14 February 2014, 03:47 AM	#13
wy2l "TRF" Member Join Date: Nov 2013 Location: N/A Posts: 42	I got a competitive quote from my local State Farm insurance agent.

14 February 2014, 05:05 AM	#14
salty_snack Member Join Date: Jul 2013 Location: USA Posts: 365	AmFam insurance. Scheduled with no deduction. $9 per thousand.

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