Watch Insurance - Rolex
Discussion
Hi All
Currently my home insurance provider caps watch and jewlely which doesnt quite match the value of my Date Just which i purchased new just before xmas from WoS.
im looking at specific watch / Rolex. Generally im getting an average of £200 per year to insure it, for damage, theft and loss both in and out the house, including internationally in most case. generally seems to be with a £100 excess although tweaking this tweaks the premium.
Is this about normal - i've never taken out specific watch insurance so its a new one on me!
Currently my home insurance provider caps watch and jewlely which doesnt quite match the value of my Date Just which i purchased new just before xmas from WoS.
im looking at specific watch / Rolex. Generally im getting an average of £200 per year to insure it, for damage, theft and loss both in and out the house, including internationally in most case. generally seems to be with a £100 excess although tweaking this tweaks the premium.
Is this about normal - i've never taken out specific watch insurance so its a new one on me!
This is an interesting question - I'm in a similar position to you, OP.
We've hit the upper limit with Admiral for their named item "in and out of the house" insurance and curious as to where to go next as we add new items.
To those saying don't insure, please take a minute to consider those living in major cities like London where house prices may differ to the national average so we're already pushing limits on contents/rebuild and we may be likely to wear items we've paid "half" the value of to replace around the city.
Curious to hear who has found good deals on named items vs general contents and with which providers.
We've hit the upper limit with Admiral for their named item "in and out of the house" insurance and curious as to where to go next as we add new items.
To those saying don't insure, please take a minute to consider those living in major cities like London where house prices may differ to the national average so we're already pushing limits on contents/rebuild and we may be likely to wear items we've paid "half" the value of to replace around the city.
Curious to hear who has found good deals on named items vs general contents and with which providers.
We’ve got a house policy that covers our house and high value watches. Pretty good value too. Up to 10k are automatically covered, while the others can be individually named along with your own required replacement value.
Protect Commercial Insurance Solutions Limited
Tel: 02921 677140
Protect Commercial Insurance Solutions Limited
Tel: 02921 677140
Meeten-5dulx said:
I used Direct Line and their 'premium offering'
Watch valued at £15k
Did have to talk to an agent rather than do it online.
Same, with direct line premier. I pay around £95 per month for ~£45k jewellery cover, cover includes accidentally damage and theft outside the home. Plus it comes with unlimited buildings & contents cover plus hole in one cover should I ever play golf. Watch valued at £15k
Did have to talk to an agent rather than do it online.
Hiscox, Zurich Private Client will both cover watches and other valuable items. Was insured with the former and currently with the latter.
Admiral, Direct Line are obviously cheaper but then the cover is a different level with insurers like the other two. You pays your money and takes your choice....same as with car insurance.
Admiral, Direct Line are obviously cheaper but then the cover is a different level with insurers like the other two. You pays your money and takes your choice....same as with car insurance.
z4RRSchris said:
hiscox through a broker, 150k cover, don’t have to name anything under 15k (bikes, watches etc) and have one 40k watch on there. pay £120pm
I use them too. My Rolex prob not going to trouble the 15k limit but mine costs 70 quid a month, wonder if most of the difference is your expensive watch?I had mine on with my house insurance as a named item. I managed to break the bezel. The insurance did not cover it as I had not been inspected for more than 3 years. Turns out a Rolex DSSD bezel is £1150. There's a mistake I won't make again. Check the small print whoever you go with.
Get a proper mid or high net worth house policy.
High net worth - chubb / Zurich private clients
Mid net worth - hiscox / Aviva distinct / covea / ecclesiastical
Differing criteria for each but I'm guessing if you have an expensive watch you would at least fit the criteria of the lower mid net worth policies.
As ever though with insurance you get what you pay for so if you want proper no qualms cover it will cost more than your currently used to on cheap and cheerful policies like the admiral one.
High net worth - chubb / Zurich private clients
Mid net worth - hiscox / Aviva distinct / covea / ecclesiastical
Differing criteria for each but I'm guessing if you have an expensive watch you would at least fit the criteria of the lower mid net worth policies.
As ever though with insurance you get what you pay for so if you want proper no qualms cover it will cost more than your currently used to on cheap and cheerful policies like the admiral one.
Edited by Ascayman on Saturday 29th January 06:28
Gassing Station | Watches | Top of Page | What's New | My Stuff