Watch Insurance

[twin fed]

I was just curious if anyone here insures their watches? I have a nice collection but only 3 that I would consider insuring. I have some of my wife's jewelry insured through our homeowners policy. I could just add it to that I guess. Or is there any watch specific insurers out there? And if you do insure a watch what do you pay, if you don't mind stating?

[eatsleepboost]

I am curious about this as well as I will have my Daytona in less than 2 months.

[jpdchicago]

Originally Posted by eatsleepboost

I am curious about this as well as I will have my Daytona in less than 2 months.

I have mine insured as an itemized item on my homeowners policy. Not a huge increase and worth it on a $15,000 watch (SS Daytona).
I wear it every day.
Definitely do it. Just takes a phone call.

[BEM-S4]

You should always put a decent timepiece on your insurance policy, it's not expensive. If you didn't buy it within the last 12 months (at least for my carrier) you need to take it to a jeweler and get it appraised. That's it. Very easy.

[ny325]

Your looking at around $300-$550 a year. It depends on the value of your watches.

[twin fed]

Thanks for the replies. That was pretty much what I was expecting to hear.

[1MOREMOD]

Originally Posted by jpdchicago

I have mine insured as an itemized item on my homeowners policy. Not a huge increase and worth it on a $15,000 watch (SS Daytona).
I wear it every day.
Definitely do it. Just takes a phone call.

Yeah I've done the same for my watches wives ring and some of my more spendy guns

[Clark_Kent]

I have a VPP rider for all of our jewelry not just the watches. It’s a small price to pay and worth it. There’s no deductible either so that’s nice.

[uniqueMR]

Looking into watch insurance for myself as well..

[hooligan_G01]

Originally Posted by Clark_Kent

I have a VPP rider for my all of our jewelry not just the watches. It’s a small price to pay and worth it. There’s no deductible either so that’s nice.

This.

We have my wife's jewelry and our watches on it.

[TheWatchGuy]

i have jewelry coverage on my homeowners insurance up to a certain amount. should probably raise that coverage after a few purchases this last month though.

if you want a separate insurance, most jewelry insurers will insure watches as well, and you can get pretty good rates for $0 deductibles. Just a quick quote for ~30k worth of watches is $400 a year w/ 0$ deductibles from jewelers mutual.

[Fender150]

i have mine insured, its a 100lbs steel safe

[1MOREMOD]

Originally Posted by Fender150

i have mine insured, its a 100lbs steel safe

Well that too but I wear them also and that's a pretty small safe.

[Fender150]

its just for watches lol

[1MOREMOD]

Ah okay

[JamesWWIII]

Originally Posted by Fender150

i have mine insured, its a 100lbs steel safe

Unless it's bolted to the floor or stuck in a wall, 100 lbs is pretty easy for a thief to carry out of your home.

[Fender150]

Originally Posted by JamesWWIII

Unless it's bolted to the floor or stuck in a wall, 100 lbs is pretty easy for a thief to carry out of your home.

Nice big bolt into concrete floor 👍🏻

[twin fed]

I have a large safe too, the problem is a safe won't help when you get mugged on the street.

[NoMoreAudi]

I do it through my homeowner's insurance. It's $6/month for an appraised 15k.

[Hawkeye]

That's pretty dang cheap! I have my wife's jewelry and my guns on my homeowners policy.

[stooker]

Originally Posted by Fender150

Nice big bolt into concrete floor 👍🏻

Depending on the setup, that's nothing a little leverage can't overcome. When I had my gun safe delivered the guy advised me to cover any gaps that thieves could wedge a bar in. He'd seen all sorts of break ins, and in the end it really doesnt matter to a determined thief if it's bolted down. You can only buy some time before someone shows up, assuming you have a home alarm, someone reports the break in, etc. Take it for what it's worth, it really depends on your situation.

[TSM330i]

I do have mine in the gun safe, but I also have mine insured on my homeowners policy.
I'm in a unique situation compared to most people insuring watches though. I inherited my grandfathers 1971 Rolex Daytona Exotic Dial. It's worth about as much as my house is worth LOL! So, adding it to my homeowners policy was a pretty large jump in premiums (understandably).
In the end, I can't risk not insuring my watches. One of them is basically irreplaceable if something were to happen.