Watch Insurance
Discussion
Could anybody recommend a good watch insurance company
I bought a few watches about 30 years ago I wear them quite often, but i never bothered about insuring them because they didn't cost me that much
The watches are
Rolex 16750 Pepsi GMT master with matte dial I paid £400
Rolex 1963 Air King I paid £120
Omega Solid gold Seamaster Day Date 1968 I paid £320
What a surprise I had when someone suggested that I check online for rough values and get them insured.
I bought a few watches about 30 years ago I wear them quite often, but i never bothered about insuring them because they didn't cost me that much
The watches are
Rolex 16750 Pepsi GMT master with matte dial I paid £400
Rolex 1963 Air King I paid £120
Omega Solid gold Seamaster Day Date 1968 I paid £320
What a surprise I had when someone suggested that I check online for rough values and get them insured.
MBZ 6 said:
Could anybody recommend a good watch insurance company
I bought a few watches about 30 years ago I wear them quite often, but i never bothered about insuring them because they didn't cost me that much
The watches are
Rolex 16750 Pepsi GMT master with matte dial I paid £400
Rolex 1963 Air King I paid £120
Omega Solid gold Seamaster Day Date 1968 I paid £320
What a surprise I had when someone suggested that I check online for rough values and get them insured.
The best way would be to add them on to your home insurance. I'd recommend you get a formal valuation as well.I bought a few watches about 30 years ago I wear them quite often, but i never bothered about insuring them because they didn't cost me that much
The watches are
Rolex 16750 Pepsi GMT master with matte dial I paid £400
Rolex 1963 Air King I paid £120
Omega Solid gold Seamaster Day Date 1968 I paid £320
What a surprise I had when someone suggested that I check online for rough values and get them insured.
OP, I used to insure my watches through TH March. However recently moved to Direct Line Select home insurance, as it was more economical. Creating separate policies for your watches can be an expensive route to take.. Get them all valued first, as that will be a prerequisite for insurance..
G
G
Gio G said:
OP, I used to insure my watches through TH March. However recently moved to Direct Line Select home insurance, as it was more economical. Creating separate policies for your watches can be an expensive route to take.. Get them all valued first, as that will be a prerequisite for insurance..
G
I have my watches and the OH’s engagement ring insured with TH March. Worked out better than going through the house insurance with named items. G
Im not convinced about valuations. Remember that 10% of value charges are not uncommon and all you really need to do is establish the authenticity of the watches, which can be done using service receipts.
With most insurance being new for old, the indemnity value of the watch is neither here nor there. The gold Omega may still only be worth £320, but they'll be buying a new one. The only real issue on older gold watches is the material: 9ct and 14ct (particularly in America) was common, but seldom if ever seen now.
I have a steel and gold Date from 1986. A valuation is of little interest to me as my insurers will have to replace it with a S&G Datejust, the massively wide of the mark and overpriced valuation from any old jeweller isn't worth a deal to me, let alone 10%!
With most insurance being new for old, the indemnity value of the watch is neither here nor there. The gold Omega may still only be worth £320, but they'll be buying a new one. The only real issue on older gold watches is the material: 9ct and 14ct (particularly in America) was common, but seldom if ever seen now.
I have a steel and gold Date from 1986. A valuation is of little interest to me as my insurers will have to replace it with a S&G Datejust, the massively wide of the mark and overpriced valuation from any old jeweller isn't worth a deal to me, let alone 10%!
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