Rolex Watch Insurance in UK

[GolfPunk]

My home insurance is up for renewal and they are refusing to insure my white gold Daytona due to the high value of £25100.

They said other home insurers may consider it if I get a British rated safe installed, pay around £50 per month extra premium and have the bracelet clasp tested regularly.

They will insure my Breitling Chronomat 41 for £6750 and my wife's Rolex for £4000.

I don't want to fit a safe, have the clasp tested or pay an extra £50 per month.

Any recommendations for stand alone watch insurance specifically for my 116509 for the £25100??

[RolexAuthority]

Yes most home insurance won't cover that amount in uk under contents and you'd have to always have the watch on your wrist also in many cases. There are specialist watch insurance companies highworthinsurance, tarrat etc but do I know enough about them to give you a recommendation - no.
Ask AD who they would recommend or even at a Patek boutique and try that route?

[OmegaJJH]

Originally Posted by RolexAuthority

Ask AD who they would recommend or even at a Patek boutique and try that route?

This seems pretty sound advide.

Mine are all on home insurance policy thankfuly.

[RolexAuthority]

Also typically if your home contents is valued at say £50k something over 50% of that value they typically won't insure - you could try increasing contents to £100k and then seeing if that'll include the watch? They may also have a limit like £10k on single items which rule that out- otherwise as I mentioned ask AD or Patek Boutique for recommendations

[RMC12]

My home is insured through Chubb. No problem adding my WG Sub onto the policy or any of my other watches.

[GolfPunk]

Thanks fo the advice so far

[Wizzle47]

Originally Posted by GolfPunk

My home insurance is up for renewal and they are refusing to insure my white gold Daytona due to the high value of £25100.

They said other home insurers may consider it if I get a British rated safe installed, pay around £50 per month extra premium and have the bracelet clasp tested regularly.

They will insure my Breitling Chronomat 41 for £6750 and my wife's Rolex for £4000.

I don't want to fit a safe, have the clasp tested or pay an extra £50 per month.

Any recommendations for stand alone watch insurance specifically for my 116509 for the £25100??

I used TH March last year. Seemed a popular option when I searched the forums. Never had to claim so can't comment on how good they are.

[Wizzle47]

Also try a home insurance comparison website such as compare the market. You put all the details in and they'll bring up all the companies that will insure you & their premium.

[strafer_kid]

Originally Posted by GolfPunk

My home insurance is up for renewal and they are refusing to insure my white gold Daytona due to the high value of £25100.

They said other home insurers may consider it if I get a British rated safe installed, pay around £50 per month extra premium and have the bracelet clasp tested regularly.

They will insure my Breitling Chronomat 41 for £6750 and my wife's Rolex for £4000.

I don't want to fit a safe, have the clasp tested or pay an extra £50 per month.

Any recommendations for stand alone watch insurance specifically for my 116509 for the £25100??

Would the safe not be good idea in any event? I am also in the UK and when I reached my third Rolex, my insurance company insisted the safe went in and my house alarm was upgraded? Even with a safe, you are likely to have limits and conditions imposed.

[GolfPunk]

Originally Posted by strafer_kid

Would the safe not be good idea in any event? I am also in the UK and when I reached my third Rolex, my insurance company insisted the safe went in and my house alarm was upgraded? Even with a safe, you are likely to have limits and conditions imposed.

The safe they insist on is £4000

[strafer_kid]

Originally Posted by GolfPunk

The safe they insist on is £4000

Maybe £4000 cash rating and £40,000 valuables? Is that not what they mean?

[GolfPunk]

Originally Posted by strafer_kid

Maybe £4000 cash rating and £40,000 valuables? Is that not what they mean?

They did indeed mean this however the young admin on the telephone stated 'I had to spend £4000 on a safe' I thought it was very strange!

[superdog]

Originally Posted by GolfPunk

The safe they insist on is £4000

That's an expensive safe. Seems odd they would insist on that.

My safe is just about $1,000 and it's a beast. Anchored to the floor too. Anyone gets this safe, they deserve it.

But even getting through my doors and into my recently installed alarm would not be easy. It would have to be a professional theif. And nothing in my house is worth the effort for a real professional crook.

[winston]

TH March excellent policy for my collection...

[ruaanaudi]

Assetsure provides standalone insurance for watches in the UK.

[steadyflow]

Try NFU, they insured both mine and my wifes watches plus my guns and optics. Didn't bat an eyelid.

[dabbotjordan]

If you can afford £35k +- on watches.£4000 on a safe is nothing. RFU are great.

[RolexAuthority]

All these companies will ask for a safe and alarm, and for it to be on your wrist when out the house to cover them from any loss other than a robbery which at home would mean taking the heavy safe or outside being robbed - they are covering themselves so they get money for minimal risk. Even if you were robbed outside your home you'd have to prove you did everything possible to prevent it in the first place - insurance companies always have a way to worm out of paying but home insurance by likes of Halifax, nationwide etc or your own mortgage provider is probably the better choice than an independent insurer I would say. Let us know what you do

[themoneyteamuk]

TH march insure mine, reasonable prices and seems good cover, worldwide, loss, theft ect

[Mick P]

Originally Posted by GolfPunk

My home insurance is up for renewal and they are refusing to insure my white gold Daytona due to the high value of £25100.

They said other home insurers may consider it if I get a British rated safe installed, pay around £50 per month extra premium and have the bracelet clasp tested regularly.

They will insure my Breitling Chronomat 41 for £6750 and my wife's Rolex for £4000.

I don't want to fit a safe, have the clasp tested or pay an extra £50 per month.

Any recommendations for stand alone watch insurance specifically for my 116509 for the £25100??

Gary

UK home insurers normally insure high value watches with a few dodgy caveats. A lot of stand alone insurers have the same terms.

1. The watch is only insured in your house if you are either wearing it or it is locked in a specified safe. If you leave your watch in a drawer and a burglar takes it - your loss.

2. The watch has to be on your wrist 100% of the time when out of the house. There are no exceptions to this. Even hotel safes are excluded, you have to wear it whilst sleeping.

I have an old fashioned safe that is 3ft high and 2ft square. It is not specified because of its age, but no one will ever break into it and it took 3 of us to lift it into the house.

In effect I am only insuring the watch I am wearing.

Regards

Mick

[taz101]

Originally Posted by Mick P

Gary

UK home insurers normally insure high value watches with a few dodgy caveats. A lot of stand alone insurers have the same terms.

1. The watch is only insured in your house if you are either wearing it or it is locked in a specified safe. If you leave your watch in a drawer and a burglar takes it - your loss.

2. The watch has to be on your wrist 100% of the time when out of the house. There are no exceptions to this. Even hotel safes are excluded, you have to wear it whilst sleeping.

I have an old fashioned safe that is 3ft high and 2ft square. It is not specified because of its age, but no one will ever break into it and it took 3 of us to lift it into the house.

In effect I am only insuring the watch I am wearing.

Regards

Mick

I checked with mine and they dont require a safe or even for it to be hidden away they said the only thing wouldnt be covered is if you invited someone in and they stole it

[Mick P]

Originally Posted by taz101

I checked with mine and they dont require a safe or even for it to be hidden away they said the only thing wouldnt be covered is if you invited someone in and they stole it

Is there an agreed value on the watch and is it specified or is it covered in general contents ?

[lee fowler]

Try TH March for your renewal and the safe is normally cash rated to £4k and should cost around £200.

[GolfPunk]

Originally Posted by lee fowler

Try TH March for your renewal and the safe is normally cash rated to £4k and should cost around £200.

That makes sense on the safe. The young kid in the phone told me I had to pay £4000 for a safe!

[RolexAuthority]

http://www.brinnicklocksmiths.co.uk/.../?k=:::5505914

£300 quid for safe you'll need do get it installed too age bolted to floor

£650 approx annual insurance with TH March using their online calculator - enter your own postcode ofcourse but that's your approx costs

[GolfPunk]

Originally Posted by RolexAuthority

http://www.brinnicklocksmiths.co.uk/.../?k=:::5505914

£300 quid for safe you'll need do get it installed too age bolted to floor

£650 approx annual insurance with TH March using their online calculator - enter your own postcode ofcourse but that's your approx costs

Thanks for your efforts, much appreciated.

[judodave1964]

My sub and wife's datejust is insured through esure, I think it's about £60 extra a year for both watch's as specified items.if not being worn it has to be kept in a safe which they are.

[GMT Aviator]

That £300 safe is about as secure as a shoe box. Forget it. It's a waste of money.

Call inSafe in T. Wells. Get a decent one with an LA Guard tumbler dial combination.

Pay to get it installed. Mine cost approx £1800 10 years ago and I wouldn't be without it now.

Call Hiscox for a quote on insuring your watch.

[jryan774]

Originally Posted by GMT Aviator

That £300 safe is about as secure as a shoe box. Forget it. It's a waste of money.

Call inSafe in T. Wells. Get a decent one with an LA Guard tumbler dial combination.

Pay to get it installed. Mine cost approx £1800 10 years ago and I wouldn't be without it now.

Call Hiscox for a quote on insuring your watch.

Im with Hiscox and they are NOT the best for prices, i added my wifes 18K DD and it cost an extra £460 a year! will be shopping around now ive got a WG YMII to add as well.

[OneMoreSi]

http://www.thmarch.co.uk/

These guys gave me a very reasonable quote for my two watches.