Quote:
Originally Posted by brandrea
To each their own but I’m with you Brad, I used to insure my watches but grew weary of the premiums.
They add up to much more than “dollars of difference” at least here. The cost to insure a $100,000 collection is roughly $2200 per year. To me, that’s not chump change even if I can “afford a Rolex”.
That’s roughly twice the cost than insuring my home, which is pretty crazy when you think about it.
So for me, I’ll assume the risk of getting robbed of the one that’s on my wrist. The rest are safely stored in the bank vault, and yes, I’m prepared to assume that risk too, should the bank get knocked off and the contents of my box stolen.
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You need a better quote, that sounds high. Easy to say you don’t need it now! Just my opinion, but when one doesn’t want to pay the premium with so many watches, maybe it is a few watches too many.