Hodinkee Insurance

[BriansRolex]

Has anyone had experience with Hodinkee?

I know Jewelers Mutual is popular and they payout for loss/theft/damage with zero hesitation.

Does Hodinkee work the same way or do they make you jump through hoops and hurdles?

I like that Hodinkee covers for the market value if the watch appreciates and they are a couple hundred bucks a year cheaper for the policy.

Is it worth paying the extra for JM or is Hodinkee good to go? Thanks!

[Bstewart]

Hodinkee is great and way better than JM.

[rick lee]

The clincher for me was that Hodinkee did not require an official appraisal. I was able to just send in a photo of the watch, I think with serial # and current market value.

[brandrea]

Originally Posted by rick lee

The clincher for me was that Hodinkee did not require an official appraisal. I was able to just send in a photo of the watch, I think with serial # and current market value.

That’s very convenient for sure

[dubins930]

I have it…. But havnt had to use it yet. Zero hoops and it took all of 5 mins to get.

[wesdaniel]

From what I remember, it's pretty pricy. Like >1% of insured value per year, isn't it?

[Bstewart]

Originally Posted by wesdaniel

From what I remember, it's pretty pricy. Like >1% of insured value per year, isn't it?

Depends on a variety of factors, but around 1%/yr or so is a good baseline for pricing.

[Coffes4closers]

I’ve been happy with Hodinkee’s ease of use especially for adding or removing pieces from the policy. Far simpler than JM. Also nice that they automatically cover new pieces for up to 90 days after purchase without formally adding to the policy.

[BriansRolex]

Has anyone actually had a claim for loss/theft/damage that they paid out on?

[gtnator]

Originally Posted by BriansRolex

Has anyone actually had a claim for loss/theft/damage that they paid out on?

I want to know this too. This is the real test


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[RustE]

Not mine, but one example:

https://www.rolexforums.com/showthread.php?t=835396

[BriansRolex]

For those of you with Hodinkee what value did you use? MSRP? What you paid for it? What it's currently worth?

[RustE]

Originally Posted by BriansRolex

For those of you with Hodinkee what value did you use? MSRP? What you paid for it? What it's currently worth?

I used MSRP at the time of purchase. There is up to 150% coverage on a single piece, but if multiple pieces are damaged/stolen then the policy has a cap at total agreed-upon value.

[BriansRolex]

Originally Posted by RustE

I used MSRP at the time of purchase. There is up to 150% coverage on a single piece, but if multiple pieces are damaged/stolen then the policy has a cap at total agreed-upon value.

Thanks for the info!

[JSol1]

Originally Posted by BriansRolex

For those of you with Hodinkee what value did you use? MSRP? What you paid for it? What it's currently worth?

It depends on the watch. I currently have 10 insured and my wife’s DJs, OP are at MSRP. The Daytonas and GMTs are insured so the 150% gets it to market price if that makes sense. What’s nice is you can go onto the site and change values up or down at any point.

[huncho]

get a quote first, their quotes for some zip codes/locations are insane. it was like 3x more expensive than JM when i went to get a quote back in like 2019. i can only imagine it would be even higher now