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#1 |
"TRF" Member
Join Date: May 2018
Location: UK
Posts: 13
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Rolex Insurance
Hi all,
Probably been asked many times before, but what is the best insurance company in the UK that covers Rolex watches please? I have 3 Rolex now and want to get them insured for full amount of what they are worth. Thanks in advance. Ian |
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#2 |
Banned
Join Date: Nov 2023
Location: United Kingdom
Posts: 613
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Watching this thread.
So far, I've struggled to find a reliable, easy-to-deal-with service that is as straightforward as buying car insurance. Huge gap in the market, in the UK at least. |
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#3 |
"TRF" Member
Join Date: Oct 2020
Location: Liverpool UK
Posts: 231
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I've just added them to my home insurance. I have a few which are also insured away from the home including international travel.
From memory I think it was an additional £80 to the premium for 4 watches. The insurance company is frontier. All ammendments can be be done online which is nice. As with all insurance conpanies I can't say how good they are until I claim which I hope never happens. |
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#4 |
2024 Pledge Member
Join Date: Apr 2018
Real Name: Harry
Location: England
Posts: 10,370
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My home insurance policy covers most of my watches. My 116610LV is covered separately by Ripe Insurance.
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#5 |
"TRF" Member
Join Date: Sep 2022
Location: UK
Watch: 226570
Posts: 933
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I use M&S premier which is perfect for me but it depends on the value of individual items and the total. It covers anything up to £15k per watch and £50k total for watches and jewellery without having to specifically list anything or declare ongoing changes.
It also does buildings, unlimited contents and covers things like bikes and art with some pretty customisable options. If you are over these limits it’s harder. |
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#6 | |
Banned
Join Date: Nov 2023
Location: United Kingdom
Posts: 613
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Quote:
I have concerns that companies will only pay out purchase prices and not market values. |
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#7 | |
"TRF" Member
Join Date: Oct 2020
Location: Liverpool UK
Posts: 231
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Quote:
I have valuation certificates for my 2 discontinued models. |
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#8 | |
Banned
Join Date: Nov 2023
Location: United Kingdom
Posts: 613
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Quote:
What if I'd bought my watches on the grey market? or I bought a Daytona at MSRP, and then I needed to replace it due to theft, but I can't and only get what I paid This is what I mean about it being really not straightforward and simple... feels like a niche corner of the industry that needs a shakeup |
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#9 |
2024 Pledge Member
Join Date: Feb 2018
Location: Norfolk, UK
Watch: All of them...
Posts: 814
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The short answer is that if you have a large collection and/or high value watches, getting insured in the UK is a complete nightmare. A huge gap in the market for someone who could come up with a viable product....
__________________
A collector of Rolex, Patek, Vacheron, JLC and Cartier |
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#10 | |
"TRF" Member
Join Date: Oct 2020
Location: Liverpool UK
Posts: 231
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Quote:
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#11 |
"TRF" Member
Join Date: Sep 2022
Location: UK
Watch: 226570
Posts: 933
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It is a shame - there are a couple of specialists starting to come into the market but I found them unbelievably expensive.
It’s turned into a bit of a game for me “what’s my ideal watch collection within my insurance limits?” I guess it’s one way of capping how much I spend on watches. That blue dial VC overseas will need to wait for now… |
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#12 | |
Banned
Join Date: Nov 2023
Location: United Kingdom
Posts: 613
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Quote:
There must be some pitfalls around it, which may be why it's not been set up yet properly. I guess, also especially here in the UK in and around the big cities, owning any kind of luxury watch is considered a risky business, and therefore, insurance cover will be quite expensive. |
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