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      06-20-2018, 02:51 PM   #1
twin fed
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Watch Insurance

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?
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      06-20-2018, 03:33 PM   #2
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I am curious about this as well as I will have my Daytona in less than 2 months.
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      06-20-2018, 03:56 PM   #3
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Quote:
Originally Posted by eatsleepboost View Post
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.
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      06-20-2018, 04:36 PM   #4
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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.
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      06-20-2018, 10:54 PM   #5
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Your looking at around $300-$550 a year. It depends on the value of your watches.
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      06-21-2018, 08:03 AM   #6
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Thanks for the replies. That was pretty much what I was expecting to hear.
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      06-21-2018, 08:08 AM   #7
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Quote:
Originally Posted by jpdchicago View Post
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
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      06-21-2018, 08:18 AM   #8
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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.

Last edited by Clark_Kent; 06-21-2018 at 01:23 PM..
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      06-21-2018, 08:23 AM   #9
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Looking into watch insurance for myself as well..
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      06-21-2018, 11:05 AM   #10
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Quote:
Originally Posted by Clark_Kent View Post
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.
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      06-21-2018, 05:00 PM   #11
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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.
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      06-21-2018, 07:06 PM   #12
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i have mine insured, its a 100lbs steel safe
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      06-21-2018, 07:07 PM   #13
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Quote:
Originally Posted by Fender150 View Post
i have mine insured, its a 100lbs steel safe
Well that too but I wear them also and that's a pretty small safe.
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      06-21-2018, 08:59 PM   #14
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its just for watches lol
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      06-21-2018, 09:13 PM   #15
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Ah okay
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      06-21-2018, 09:30 PM   #16
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Quote:
Originally Posted by Fender150 View Post
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.
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      06-21-2018, 10:25 PM   #17
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Originally Posted by JamesWWIII View Post
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 👍🏻
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      06-25-2018, 08:31 AM   #18
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I have a large safe too, the problem is a safe won't help when you get mugged on the street.
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      06-27-2018, 11:09 AM   #19
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I do it through my homeowner's insurance. It's $6/month for an appraised 15k.
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      06-27-2018, 03:24 PM   #20
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That's pretty dang cheap! I have my wife's jewelry and my guns on my homeowners policy.
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      06-27-2018, 06:32 PM   #21
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Quote:
Originally Posted by Fender150 View Post
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.
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      07-20-2018, 09:43 AM   #22
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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.
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