How is everyone Insured

[davinci]

Originally Posted by jbradley02

Just checking to see how everyone is Insuring there precious treasured Rolexes, Home, Private Insurance, and which is best

[jbradley02]

yeh I have the Glock 27 as well, but that might risk me being locked up if not protected correctly and will not replace my Baby, so I will check on the seprate rider and safe as well, besides good reason to upgrade the gun safe :-)

[Pete G]

Originally Posted by waltk1026

You can have a rider on your homeowners but it's better to have a separate policy. I use State Farm for everything but the jewelry is a separate policy. Cost is $13 per $1000. In regard to jewelry at home, I'm not as concerned about a theft at home as much as a theft when out anywhere or if somehow maybe the bracelet broke and I lost it. How could anyone afford to be out that much money? Especially if you had a $20,000 Rolex. A $5000 lost would be bad enough.

My rider covers my watches away from home. But I still think you're probably right, Walt... especially for the serious collector, separate insurance probably makes sense.

Allstate won't cover my musical equipment on a homeowner's rider because I use it professionally, so I went with a separate all-risk, inland marine policy with a company who handles only musicians. I'm very happy that way because the company understands my business and the equipment involved, particularly when it comes to vintage gear.

For the best coverage on your watches, you want an all-risk, inland marine policy that uses your own stated value. This type of policy will cover you for pretty much any type of loss, anywhere; and unless the adjusters can find an exact duplicate of your item for less, they'll pay you what you told them it was worth.

[Seadweller]

I have my SD and other valuables itemised on my home insurance which i hope I will never need to use.

[JJ Irani]

Since most of my friends here think I'm the original YODA, I've never needed insurance for the past 600 odd years.

Don't see why I would need it now!!

[JPSUB]

Just got my State Farm policy for my SS Sub it costs $70 per year.

James

[Pete G]

Originally Posted by JPSUB

Just got my State Farm policy for my SS Sub it costs $70 per year.

James

You're getting raped, James.

[edit:] Actually, I just did the math. Maybe you're not getting raped. I pay about $40 for my GMT-II, but its insurance value is the purchase price, which was much less in 1993.

[John685]

Haven't insured ours yet but checked with my home owners insurance. It's $13.00 per $1,000. They require an appraisal within the last 3 years.

Also have a 800 lb gun safe in the home where they reside when not being worn.

[Rubenonfire]

Originally Posted by Pete G

[edit:] Actually, I just did the math. Maybe you're not getting raped.

Totally something I would say, and then correct in the EXACT SAME WAY.

[waltk1026]

Originally Posted by Pete G

You're getting raped, James.

[edit:] Actually, I just did the math. Maybe you're not getting raped. I pay about $40 for my GMT-II, but its insurance value is the purchase price, which was much less in 1993.

I posted that my State Farm separate policy runs $13 per $1000 which would be about $70 on a $5000+ watch

[JPSUB]

Originally Posted by waltk1026

I posted that my State Farm separate policy runs $13 per $1000 which would be about $70 on a $5000+ watch

Yeah doesnt seem like a bad deal and it puts my mind at ease knowing if I lose it or get mugged I can replace it and not be out 5k.

James

[BLSampson]

USAA Personal Articles Flyer. Very inexpensive.

[Tombstone]

Jewelers mutual they are a very good company, good rates, great service.

You should check out their rates you are paying too much.

[watchnut]

I have a separate rider that costs about $10-$11 per thousand. Seems reasonable but cover your wifes rings, etc and add multiple Rollies and it adds up. I feel I have a good insurance carrier but if they cancelled me for the first claim, thats when I might need the Glock!

[newtamparealestate]

I dont have any seperate insurance, but when I had my house built last year, I had an inground safe put in. So there pretty safe to say the least. Its not going anywhere, its built into the slab of the house. I also have a couple guns on hand.

[jbradley02]

I checked Jewelers Mutual Site and they are cheaper than my homeowners, by 80.00