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NinoToronto · 6 August 2017, 08:28 AM

Hello,

debating if i should get insurance on my two watches, the stories ive been hearing lately has me a little worried now a days lol. how many of you have insurance? and what company (canadian)

todd.hepburn · 6 August 2017, 08:30 AM

I'm curious about the value threshold to insure a watch. $2k? $10k?

I'd like advice here too.

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todd.hepburn · 6 August 2017, 08:31 AM

I'm curious about the value threshold to insure a watch. $2k? $10k?

I'd like advice here too.

Professorfingers · 6 August 2017, 08:36 AM

No insurance here. I bought a new SubC a year ago.
You should have insurance, I just haven't taken the time to get it.

Seattle911 · 6 August 2017, 08:50 AM

I use my home owners insurance. Cost is roughly 1% per year of valued watch. Have my aqua terra and SD43 with them, runs $129 per year. That is for loss, stolen, misplacement. Unsure about damage.

There is also a private insurance including jewelers mutual which will insure them. People like it as then a claim won't hit your insurance is what I have been told. Some people like keeping it with their agent as its easier and like a physical presence.

Personally I need to investigate each more. Would be nice to not have a claim hit my insurance, but what are the odds of loss/theft/misplacement ? Need to investigate jewelers mutual and the like more to see if any issues with unpaid claims, is it a check or do they replace the watch?

slide13 · 6 August 2017, 08:53 AM

Yep, added a personal articles policy with State Farm, who I have my homeowners and auto through. It was super cheap, like $45/yr I think for my Sub C. Well worth it for the peace of mind.

todd.hepburn · 6 August 2017, 08:54 AM

What's covered on a policy like this? Theft and damage? Theft only?

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Speed · 6 August 2017, 09:02 AM

Quote:

Originally Posted by NinoToronto

Hello,

debating if i should get insurance on my two watches, the stories ive been hearing lately has me a little worried now a days lol. how many of you have insurance? and what company (canadian)

Why wouldn't you get insurance?

Jack T · 6 August 2017, 09:07 AM

Coverage may differ in Canada from the US. Most homeowners policies in the US have relative low coverage limits for jewelry and watches, only a couple thousand dollars, plus high dedeuctibles, unless you schedule the items individually. Then you need to determine if the policy covers on a actual cash value (depreciated) basis or full replacement cost basis.
The bottom line is investigate the types of coverage available where you live, and buy it.

Tridor · 6 August 2017, 09:13 AM

I have a personal articles policy with State Farm. For my DD, DJ, and SubC Date, cost is about $550 per year. Plainly, the DD takes up most of that. In any event, I think a personal articles policy is relatively cheap insurance given what replacement costs would be.

JCZ5 · 6 August 2017, 09:14 AM

I have insurance on all my watches. Just gives an extra piece of mind and protects against accidental losses.

Also call your homeowners insurance. I understand there is a limit on the amount of "jewelry" it can attach too. Another reason I removed it from my homeowners is the fact that I didn't want a claim to skyrocket my premium.

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aquanaut · 6 August 2017, 09:17 AM

Yes...all of them!

Boothroyd · 6 August 2017, 09:23 AM

Yes, on State Farm homeowners insurance policy.

RedwoodDweller · 6 August 2017, 09:26 AM

State Farm personal articles policy. $75/yr for my SD43.

WhiskeyKoffee · 6 August 2017, 09:27 AM

My wife's ring is about 30k and we insure it through Chubb. The rates at Chubb are higher than normal. We pay about $400 per year. The reason we chose Chubb is that if something happens to the ring, they don't mess around with replacement crap. They just cut you a check for the amount on the appraisal/policy amount.

For my newly acquired Rolex DJ41 I added a valuable personal property plan to my already existing USAA insurance. It's $118 per year with no deductible with my watch listed at a $7500 value. I figure the $118 per year is worth it even if I never make a claim. It's worth the piece of mind.

Also, pretty much every consumer expert in the country will tell you that you should never, ever make a homeowner's insurance claim unless you have a catastrophic loss. Insuring a watch through your homeowner's policy is a HORRIBLE idea. These days the homeowner's insurance will almost always cancel you for even one minor claim. Your Rolex should be insured separately.

doubleosullivan · 6 August 2017, 10:28 AM

100% I use jewelers mutual, cheaper than my renters insurance.

beshannon · 6 August 2017, 10:32 AM

All of my watches and my wife's jewelry are insured

strongarms · 6 August 2017, 10:34 AM

Travelers....Part of the homeowner's policy.

Mystro · 6 August 2017, 10:34 AM

I have all my watches insured full msrp value. They are insured on and off the wrist. Many just offer insurance while they are being stored. Get a $500 detectable to save some money.

miles813 · 6 August 2017, 10:55 AM

My watches and my wife's jewelry is all insured under a separate policy with USAA. It is very reasonable and is the ultimate peace of mind. They are insured for the cost of replacement.

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wach16 · 6 August 2017, 11:10 AM

I have insurance for all three of mine...the peace of mind is worth the cost imo

torifile · 6 August 2017, 11:19 AM

I have a policy form my Speedy Pro and SubC through Jeweler's Mutual. Covers loss, damage or theft. The pair cost $129/year to cover. I have to get the watches appraised for coverage to really kick in, but I want to wear them without concern for something happening to them.

Rockrolex · 6 August 2017, 11:28 AM

I've got insurance on most of my watches. The only reason I don't have it on the rest is that I've been too lazy to take them to have them appraised.

DKS2375 · 6 August 2017, 11:35 AM

Jewelers Mutual on three watches and our wedding bands.

Otaru1987 · 6 August 2017, 11:35 AM

USAA $108/year for $12,268(price I paid with tax)coverage on SD43. They do no depreciate for age if loss occurs.

watchmework · 6 August 2017, 11:49 AM

I've got insurance on my Rolex, worth the cost to have peace of mind.

droptopman · 6 August 2017, 11:53 AM

Yes I insure mine. Scheduled possessions policy on my home owners. About 1% of the value of watches/jewelry.
Gets a little old paying the premiums but worth it for peace of mind.
Sooner or later I will move to JM. Hear to many horror stories about people being dropped from HO for any claims.
Insurance is like the oldest form of organized crime...

Wcdhtwn · 6 August 2017, 12:04 PM

Have it on all my watches with home owners insurance. Absolutely insure your watches.

PaulRP · 6 August 2017, 12:10 PM

I'd say it's a no-brainer...get insurance!

PatronMTL · 6 August 2017, 12:11 PM

just upped my home insurance from 5000$ default for watches/jewelery to $20,000. Only cost 8 $ more a month (canadian dollars). also covers me for loss and theft even if it happens away from home.

6 August 2017, 08:28 AM	#1
NinoToronto "TRF" Member Join Date: Sep 2011 Real Name: Nino Location: Canada, Toronto Watch: 116613LB Posts: 75	how many of you have insurance on your watches? Hello, debating if i should get insurance on my two watches, the stories ive been hearing lately has me a little worried now a days lol. how many of you have insurance? and what company (canadian)

6 August 2017, 09:07 AM	#9
Jack T "TRF" Member Join Date: May 2013 Real Name: Jack Location: The Triangle Watch: Several Posts: 6,719	Coverage may differ in Canada from the US. Most homeowners policies in the US have relative low coverage limits for jewelry and watches, only a couple thousand dollars, plus high dedeuctibles, unless you schedule the items individually. Then you need to determine if the policy covers on a actual cash value (depreciated) basis or full replacement cost basis. The bottom line is investigate the types of coverage available where you live, and buy it. __________________ Sub 116613 LN; GMT 116710 LN; Sinn 104R; Exp 214270; GS SBGM221; Omega AT

6 August 2017, 09:17 AM	#12
aquanaut "TRF" Member Join Date: Jan 2010 Location: Scotland Watch: Sea-Dweller Posts: 353	Yes...all of them! __________________ 1995 Rolex Sea-Dweller 2010 Rolex DSSD 2014 Rolex SD4000 Sea-Dweller 2020 Rolex SD43 Sea-Dweller 2022 Rolex Datejust 41 - Blue Dial, Fluted, Oyster

6 August 2017, 09:23 AM	#13
Boothroyd 2024 SubLV41 Pledge Member Join Date: May 2011 Real Name: Daniel Location: Minneapolis, MN Watch: Wilsdorf(s) Posts: 10,259	Yes, on State Farm homeowners insurance policy. __________________ Explorer 214270 MK I/Datejust II Black 116300/Tudor Heritage Black Bay Black 79220N

6 August 2017, 10:28 AM	#16
doubleosullivan "TRF" Member Join Date: Aug 2014 Real Name: Jerry Location: Los Angeles Watch: Rolex Submariner, Posts: 66	100% I use jewelers mutual, cheaper than my renters insurance. __________________ Rolex Submariner, Tag Heuer Carrera

6 August 2017, 08:30 AM	#2
todd.hepburn "TRF" Member Join Date: Apr 2017 Location: Toronto area Posts: 84	I'm curious about the value threshold to insure a watch. $2k? $10k? I'd like advice here too. Sent from my iPhone using Tapatalk Pro

6 August 2017, 08:31 AM	#3
todd.hepburn "TRF" Member Join Date: Apr 2017 Location: Toronto area Posts: 84	I'm curious about the value threshold to insure a watch. $2k? $10k? I'd like advice here too.

6 August 2017, 08:36 AM	#4
Professorfingers "TRF" Member Join Date: Jul 2016 Real Name: TW Location: Arkansas Watch: SubC-D Posts: 195	No insurance here. I bought a new SubC a year ago. You should have insurance, I just haven't taken the time to get it.

6 August 2017, 08:50 AM	#5
Seattle911 "TRF" Member Join Date: Jun 2017 Location: Seattle Watch: SD 43, Daytona Posts: 117	I use my home owners insurance. Cost is roughly 1% per year of valued watch. Have my aqua terra and SD43 with them, runs $129 per year. That is for loss, stolen, misplacement. Unsure about damage. There is also a private insurance including jewelers mutual which will insure them. People like it as then a claim won't hit your insurance is what I have been told. Some people like keeping it with their agent as its easier and like a physical presence. Personally I need to investigate each more. Would be nice to not have a claim hit my insurance, but what are the odds of loss/theft/misplacement ? Need to investigate jewelers mutual and the like more to see if any issues with unpaid claims, is it a check or do they replace the watch?

6 August 2017, 08:53 AM	#6
slide13 "TRF" Member Join Date: Sep 2016 Location: Here Posts: 1,004	Yep, added a personal articles policy with State Farm, who I have my homeowners and auto through. It was super cheap, like $45/yr I think for my Sub C. Well worth it for the peace of mind.

6 August 2017, 08:54 AM	#7
todd.hepburn "TRF" Member Join Date: Apr 2017 Location: Toronto area Posts: 84	What's covered on a policy like this? Theft and damage? Theft only? Sent from my iPhone using Tapatalk Pro

6 August 2017, 09:13 AM	#10
Tridor "TRF" Member Join Date: Oct 2009 Location: The Ozone Watch: DD, DJ, SubC Date Posts: 1,666	I have a personal articles policy with State Farm. For my DD, DJ, and SubC Date, cost is about $550 per year. Plainly, the DD takes up most of that. In any event, I think a personal articles policy is relatively cheap insurance given what replacement costs would be.

6 August 2017, 09:14 AM	#11
JCZ5 "TRF" Member Join Date: Dec 2013 Location: New York Watch: Rolex Posts: 572	I have insurance on all my watches. Just gives an extra piece of mind and protects against accidental losses. Also call your homeowners insurance. I understand there is a limit on the amount of "jewelry" it can attach too. Another reason I removed it from my homeowners is the fact that I didn't want a claim to skyrocket my premium. Sent from my iPhone using Tapatalk Pro

6 August 2017, 09:26 AM	#14
RedwoodDweller "TRF" Member Join Date: Jul 2017 Real Name: Bob Location: Santa Cruz, CA Watch: SD43 Posts: 200	State Farm personal articles policy. $75/yr for my SD43.

6 August 2017, 09:27 AM	#15
WhiskeyKoffee "TRF" Member Join Date: Jul 2017 Real Name: Mike Location: Georgia Watch: Hulk 116610LV Posts: 385	My wife's ring is about 30k and we insure it through Chubb. The rates at Chubb are higher than normal. We pay about $400 per year. The reason we chose Chubb is that if something happens to the ring, they don't mess around with replacement crap. They just cut you a check for the amount on the appraisal/policy amount. For my newly acquired Rolex DJ41 I added a valuable personal property plan to my already existing USAA insurance. It's $118 per year with no deductible with my watch listed at a $7500 value. I figure the $118 per year is worth it even if I never make a claim. It's worth the piece of mind. Also, pretty much every consumer expert in the country will tell you that you should never, ever make a homeowner's insurance claim unless you have a catastrophic loss. Insuring a watch through your homeowner's policy is a HORRIBLE idea. These days the homeowner's insurance will almost always cancel you for even one minor claim. Your Rolex should be insured separately.

6 August 2017, 10:32 AM	#17
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,892	All of my watches and my wife's jewelry are insured __________________ 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

6 August 2017, 10:34 AM	#18
strongarms "TRF" Member Join Date: May 2012 Real Name: John Paul Location: Katy TX Watch: Sub/Speedy Posts: 144	Travelers....Part of the homeowner's policy.

6 August 2017, 10:34 AM	#19
Mystro 2024 SubLV41 Pledge Member Join Date: Dec 2009 Real Name: The Mystro ;) Location: Central Pa. Posts: 15,517	I have all my watches insured full msrp value. They are insured on and off the wrist. Many just offer insurance while they are being stored. Get a $500 detectable to save some money. __________________

6 August 2017, 10:55 AM	#20
miles813 "TRF" Member Join Date: Jun 2017 Real Name: Miles Location: Florida Watch: 16610LN, 116610LV Posts: 114	how many of you have insurance on your watches? My watches and my wife's jewelry is all insured under a separate policy with USAA. It is very reasonable and is the ultimate peace of mind. They are insured for the cost of replacement. Sent from my iPhone using Tapatalk

6 August 2017, 11:10 AM	#21
wach16 "TRF" Member Join Date: Jun 2008 Real Name: Chris Location: NH Watch: 228239, PAM00684 Posts: 2,121	I have insurance for all three of mine...the peace of mind is worth the cost imo __________________ Rolex 228239 PAM00684

6 August 2017, 11:19 AM	#22
torifile "TRF" Member Join Date: Mar 2017 Location: Durham NC Posts: 373	I have a policy form my Speedy Pro and SubC through Jeweler's Mutual. Covers loss, damage or theft. The pair cost $129/year to cover. I have to get the watches appraised for coverage to really kick in, but I want to wear them without concern for something happening to them.

6 August 2017, 11:28 AM	#23
Rockrolex TRF Moderator & 2024 SubLV41 Patron Join Date: May 2005 Real Name: God Location: Washington, D.C. Watch: What do you think? Posts: 37,970	I've got insurance on most of my watches. The only reason I don't have it on the rest is that I've been too lazy to take them to have them appraised. __________________ Despite the high cost of living, it's still very popular. *Tosser Cabinet Member* Official Member: 'Perpetual 30' Vegas International GTG 2016 Official Member "WIS-CON" Las Vegas International GTG 2017 Official Member "WIS-CON" Las Vegas International GTG 2018 Official Member "WIS-CON" Las Vegas International GTG 2019

6 August 2017, 11:35 AM	#24
DKS2375 2024 SubLV41 Pledge Member Join Date: Aug 2013 Real Name: Ken Location: New Mexico Watch: GMT & DJ Posts: 416	Jewelers Mutual on three watches and our wedding bands.

6 August 2017, 11:35 AM	#25
Otaru1987 "TRF" Member Join Date: Jul 2017 Location: North Carolina Posts: 42	USAA $108/year for $12,268(price I paid with tax)coverage on SD43. They do no depreciate for age if loss occurs.

6 August 2017, 11:49 AM	#26
watchmework "TRF" Member Join Date: Jun 2017 Location: DC Watch: 126710BLRO, 116600 Posts: 7,869	I've got insurance on my Rolex, worth the cost to have peace of mind.

6 August 2017, 11:53 AM	#27
droptopman "TRF" Member Join Date: Jun 2015 Real Name: Mark Location: Washington State Watch: SUBS and GMT's! Posts: 9,664	how many of you have insurance on your watches? Yes I insure mine. Scheduled possessions policy on my home owners. About 1% of the value of watches/jewelry. Gets a little old paying the premiums but worth it for peace of mind. Sooner or later I will move to JM. Hear to many horror stories about people being dropped from HO for any claims. Insurance is like the oldest form of organized crime... __________________ Judge Smails: Ty, what did you shoot today? Ty: Oh, Judge, I don't keep score. Judge Smails: Then how do you measure yourself with other golfers? Ty: By height.

6 August 2017, 12:04 PM	#28
Wcdhtwn "TRF" Member Join Date: Aug 2015 Location: Houston Watch: SkyD, SD43, GMT2 Posts: 5,061	Have it on all my watches with home owners insurance. Absolutely insure your watches.

6 August 2017, 12:10 PM	#29
PaulRP "TRF" Member Join Date: Jul 2015 Location: CT Watch: Rolex & Cartier Posts: 405	I'd say it's a no-brainer...get insurance!

6 August 2017, 12:11 PM	#30
PatronMTL "TRF" Member Join Date: Jul 2017 Location: Montreal Posts: 433	just upped my home insurance from 5000$ default for watches/jewelery to $20,000. Only cost 8 $ more a month (canadian dollars). also covers me for loss and theft even if it happens away from home.

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