U.K. Insurance Companies

[PatrickGu]

Hi guys

I’m looking to insure my Rolex , in UK based and wanted to ask if you have any recommendations for an insurance company you are using?

[Stevec14]

Hi there - some will likely stick on the house insurance. I personally use assetsure who are pretty good - that said, I’ve not needed to make a claim.


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[supernova]

If you have home insurance, you can usually add it on as a separate valuable, I'm with AXA and did that. Even covers it when out of house if stolen.
The rate is around 1% premium per year on the value of the item.

[Mr DateJust]

TH March. They do specific policies for jewellery. Good to deal with as well.

[Hendrikus]

I use ArtSure home insurance. Very good prices. I have a large collection (20 plus watches to insure) and all the other home insurers, or stand alone policies, became far too expensive. OP - DM me if you need an intro.

[Ranger67]

Originally Posted by Hendrikus

I use ArtSure home insurance. Very good prices. I have a large collection (20 plus watches to insure) and all the other home insurers, or stand alone policies, became far too expensive. OP - DM me if you need an intro.

Wow, that's a lot of watches.

[Horationelson]

Presumably you have existing content insurance for your belongings?

I have everything insured with Hiscox - pricey but peace of mind.

[Soultime]

There have been some other threads on this if you do a quick search.

Mine are added to my Aviva household policy. Had to move away from Sainsbury as they wouldnt offer cover over a certain value (£20k??)

[Swearengen]

My recent experience:
Aviva and LV seem reasonable for adding watches to home insurance policy.
Hiscox good but very pricey now.
TH March £2k to insure a 5712 standalone

[psd1966]

I have mine with LV on my home insurance policy inc cover away from home. Condition is I have a safe and an alarm on the house but when watch is on my wrist I am covered. Works out about £60 per watch pa over and above standard cover which I think is reasonable

[greengold]

Originally Posted by Stevec14

Hi there - some will likely stick on the house insurance. I personally use assetsure who are pretty good - that said, I’ve not needed to make a claim.


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Yea problem with that is how do they value it retail or actual 'grey price' I asked them didnt get a clear answer was jusy "what it is to replace" which would normally mean retail but as we know you cant just get a ss sport at retail so bit of a grey area. I think you would end up being paid the rrp price and left to make up the rest to grey in the event of a claim

[LooseCann0n]

Use Ripe insurance - cover the market value of the watch, though at valuation (they won’t increase mid-year).
Little expensive but separate from house insurance and covered anywhere; even suspicious disappearance.


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[nighthawk77]

M&S home insurance I found to be good.

[psd1966]

Originally Posted by greengold

Yea problem with that is how do they value it retail or actual 'grey price' I asked them didnt get a clear answer was jusy "what it is to replace" which would normally mean retail but as we know you cant just get a ss sport at retail so bit of a grey area. I think you would end up being paid the rrp price and left to make up the rest to grey in the event of a claim

I have had this conversation with my Insurance Co. If you value it at the retail price then come a claim they will pay you that amount give or take, as they are unlikely to be able to source one for you. If this is the case you then have a shortfall to make up if you want to buy it grey. A jeweller will quote the higher market/grey value in their valuation figure so that is the figure you should really insure for. Hope this helps

[Stevec14]

Originally Posted by greengold

Yea problem with that is how do they value it retail or actual 'grey price' I asked them didnt get a clear answer was jusy "what it is to replace" which would normally mean retail but as we know you cant just get a ss sport at retail so bit of a grey area. I think you would end up being paid the rrp price and left to make up the rest to grey in the event of a claim

The premium is based on the value I set. Asset sure work with watchfinder so know the difference between retail and market value. Get an appraisal to back up your value insured however.

[Matt_01]

Admiral or Direct Line home insurance - no more than £70 a watch

[Sarosh]

Aviva seems to do the trick for me.

[JustinC79]

John Lewis home insurance covers one watch up to £10k as an add on. Includes theft and wearing out of home, of course. Proof of ownership and serial number required when I added it.

[CMJ]

M&S up to 15k per single article to a maximum of 35k total,Jewellery value. I have them upped the Total amount and pay a small additional premium. Dedicated watch insurance is typically more expensive as the risk is concentrated rather than being spread over a larger customer base.

Old fashioned insurance brokers can also often access policies not available online and offer a tailored quote based on watch values. Again these tend to be less than dedicated insurance policies. Hope this helps.

[aquanaut]

I use UIS home insurance. Just added SD43 to my policy. Increased it by £10 with 7 months left till renewal.