Wrist Insurance

[JamieBeeston]

Apologies if this has been asked and answered many times before (likely has) but search is down.

Whom is considered best for high value wrist insurance.. I want cover for the watch whilst I wear it against theft / accidental damage / loss / dinosaur attacks etc.
At present I'm being told I need to get home contents insurance as this is the only way, but I'm hearing worrying stories about this only covering it whilst its locked in a safe and not on wrist.

All help gratefully received.

[SWAT78]

Only being covered while actually in your house is probably true of the most basic policies, but if you pay a bit more you should be covered outside. Not a recommendation since I've no idea how they compare with other insurers, but my Direct Line policy covers me in and out of the house, and includes travel insurance too. Which I think means I'm covered for any loss or damages to my stuff anywhere in the world. Could probably do with reading through the small print again though...

[Nohedes]

Hi, most insurers will cover watches under Personal Possessions Cover (an add-on to your contents policy) - items over £1,500 in value usually need to be specified and quite a few insurers will impose an upper limit. It's worth keeping photos of your watch (or other valuable items) in case of claim, because a rose gold Patek Phillippe will raise quite a few eyebrows in the claims department. For high value/specialist contents and PPC, I believe Hiscox are very popular (not a recommendation etc etc!).

HTH

[Adrian W]

Hi Jamie, you wont do much better than Hiscox, they do off the shelf and custom.

[Podie]

Rose gold? I'd go for the 5712/1A-001.

I'd echo what Adrian says though.

[Ikemi]

Hiscox

My home contents insurance is with Nationwide, which covers personal items (watch, phone, camera etc) in and out the home for up to £2K, with more expensive belongings being listed as separate items. However for a RG PP, I'd look for specialist watch insurance

[JamieBeeston]

Cheers,

I had done an online quote with Hiscox but wasnt sure about the small print around the wrist coverage, will follow it up with them then.. Cheers all!

[Lunablack]

I have a policy with Regal Insurance..... Unfortunatly it's a contents policy..... BUT it covers all of my watches, iPad, phone, camera, lenses, laptops, ipods, satnavs etc etc and many other portable high cost items... They're all covered for theft, from the home, or from my person when out and about..... Also covered for accidental damage and loss....

Each item is covered for full replacement cost.... And they pay out the value of the item in cash, not vouchers that tie you into a particular supplier....

Not had to put them to the test... And I hope I never have to

[Cheib]

Another vote for Hiscox here...the cover is excellent. If you have high value items in or out of the home they're very,very good.

My dog got attacked by two Golden Retrievers a couple of years ago...as I was pulling our dog out by his collar one of the Retrievers bit by wrist...luckily it was where my Rolex Daytona was which took 99% of the bite, it did however snap the braclet. Hiscox paid out with no problem at all.....oh and if your dog gets attacked just kick the other fking dog

[Nohedes]

Lunablack said:

I have a policy with Regal Insurance..... Unfortunatly it's a contents policy..... BUT it covers all of my watches, iPad, phone, camera, lenses, laptops, ipods, satnavs etc etc and many other portable high cost items... They're all covered for theft, from the home, or from my person when out and about..... Also covered for accidental damage and loss....

Each item is covered for full replacement cost.... And they pay out the value of the item in cash, not vouchers that tie you into a particular supplier....

Not had to put them to the test... And I hope I never have to

Hi Lunablack - I'm pretty sure you're entitled to a cash settlement on all contents claims - some insurers will try to push you to their preferred supplier, or replace the item directly, but you can insist on cash if you prefer it :-)

[Lunablack]

I didn't know that.....

I'd assumed a lot of companies issued a voucher... Hence so many threads on the watch forums, trying to exchange a voucher for cash, so they can buy what they want from a different supplier...

[P7ULG]

SWAT78 said:

Which I think means I'm covered for any loss or damages to my stuff anywhere in the world. Could probably do with reading through the small print again though...

Don't assume anything with Insurance companies