Insuring Roles watches.

[dddrees]

Try Jewelers Mutual as recomended above.

[Chrsmac10]

Originally Posted by dddrees

Try Jewlers Mutual Insurance.

Yes definitely my watches and wifes rings are through them great policy makers and easy to deal wi

[OrangeCrate]

IDS Property Casualty Insurance through Costco...

Tiffany wedding band (wife's)
Rolex Explorer II (mine)
Rolex Datejust two-tone (wife's)

$181.00 per year.

(Just a reference point, of course, mileage will vary depending on location, etc...)

[karmatp]

Originally Posted by liptonnr

$500 is high unless the watches have some especially high value my sub-c lv cost $80 per year with a $8k replacement value, for reference!

My Sub C is $70 a year through my home owners policy.

[Deepsea Florida]

Sometimes it pays to self insure.

While I would take a loss if a watch was stolen or lost---it wouldn't effect my lifestyle, and wouldn't need to be instantly replaced.

I have 2 $ 20 Casio to back up the rollies......and there is are 3 Casio AD's in every town in America.

PS...a $20 watch needs no servicing----just throw it away when it breaks.

[signcarver]

my sub c is $122 / yr on homeowners, had to provide an appraisal from my AD.

most homeowner's policies have a pretty low limit on jewelry which is why i bought the extra insurance.

[collegeparkrolex]

Originally Posted by dddrees

Try Jewlers Mutual Insurance.

I agree. They insure my Daytona!

[david_ord]

Originally Posted by mhaedo

I just shopped around today. I looked at Jewelers Mutual, Chubb, and a rider on my renters insurance. I live in one of the nicest areas of Center City Philadelphia, but it is still considered high risk. Chubb wouldn't write me, and the broker said even if they would it would end up being 3.4%. Jewelers Mutual and a rider on my renters insurance both came in at 2%. I chose the rider for convenience. I would have been thrilled with 1.24%. I guess high rates come with the territory living in the city...

I gather the algorithm places high value on location/territory. Other considerations my Statefarm agent was asking included whether it was a gated community (yes), whether I had an alarm system (yes, sort of, I have 8 surveillance cameras), whether I have fire extinguishers (no), and how many days per year I'd be wearing it (365). Still, I'm going to shop around at this point. I'll let you know what I come up with.

[Htab]

Try State Farm

[vletnguyen]

I have been using jeweler's mutual for my 16613 and 16600. I don't know what to put for the value so I put what was on the appraisal for replacement value..

Obviously my watches are discontinued, what are others putting for their value?

I never had to make a claim (hopefully will never have to) will they just give me a used replacement ( same serial) or the value I insured it for?

[OrangeCrate]

Originally Posted by OrangeCrate

IDS Property Casualty Insurance through Costco...

Tiffany wedding band (wife's)
Rolex Explorer II (mine)
Rolex Datejust two-tone (wife's)

$181.00 per year.

(Just a reference point of course, mileage will vary depending on location, etc...)

I found the rider detail on our insurance coverage:

My Explorer II
Appraised value $5,750.00
Insurance is $59.00 per year

My wife's two-tone datejust
Appraised value $7,150.00
Insurance is $73.00 per year

[jimisaint]

I added my GMT to my renters insurance and it came to around $70 more a year. I just got a PAM 50 and that will be another $70. They're both per-owned, but they are appraised at $8000 a piece.
Does anyone want to steal my watches?

[COBill]

I have State Farm and my insurance went up a whole $80 to cover a TT Sub C, so there are many underwriting factors at play here.

[dddrees]

Originally Posted by vletnguyen

I have been using jeweler's mutual for my 16613 and 16600. I don't know what to put for the value so I put what was on the appraisal for replacement value..

Obviously my watches are discontinued, what are others putting for their value?

I never had to make a claim (hopefully will never have to) will they just give me a used replacement ( same serial) or the value I insured it for?

Most appraisals when done by Jewelers will be for the amount it would take to replace the watch at the current listed MSRP at the time of the appraisal.

[hamiltmk]

I have mine insured with USAA. I have my auto insurance with them and they are great. I only have one watch, worth about $7,000. I pay $8 a month with no deductible. USAA does not require an appraisal if the watch is worth less than $10,000.

[chicfarmer1]

Originally Posted by hamiltmk

I have mine insured with USAA. I have my auto insurance with them and they are great. I only have one watch, worth about $7,000. I pay $8 a month with no deductible.

That's okay but not stellar; I'm a little surprised, because USAA is usually hard to beat. $96/year is obviously a titch above 1%, in line with many other providers for full replacement value.

[dougshagam]

$183/yr for a 216570 and 14060M through Jewelers Mutual. Super easy - not so fast, but easy. To me, the security of full replacement cost ($14k) is worth it for < $200 per year

[Tridor]

I pay about $450 a year for 3 Rollies valued at about $45K total with no deductible. The DD alone is insured for $28K. It's through a separate, personal articles policy from State Farm. So, the insurance costs about 1% of the total value of the watches.

[Hornett]

Hi instead of starting a new thread, I just hitched on here.

Getting a state farm insurance, and they require besides sales invoice, a copy of authenticity certificate to verify that it is indeed authentic. Is this a norm, as I haven't read anything about submitting an authenticity certificate?

[bgbg13]

Everyone needs to remember adding these things to a homeowners policy is crazy and a double edge sword as said earlier in this post. Your paying for insurance that will destroy your homeowners policy if you need it. If you ever do need it a put a claim in, very likely chance you will not be renewed and everywhere you look your premiums have now increased. Have fun shopping that around for a new policy with a claim. And to get wind mitigation discounts again, you have to pay for a new inspection. All this for your house because your watch was damaged/lost/stolen.
Always better to insure seperate so if you need it, it won't kill your homeowners policy.

[rodrob59]

Lots of good suggestions. I have a Personal Articles Floater on my HO policy. No deductible but stated value. About $35/year for $5000 in value. Not what I'd call cheap but I always say insurance is expensive until you have a loss that's not covered. I'm in claims and hate to have to tell people when something's not, worst part of my job.

[bgbg13]

Another thing to keep in mind if you do insure it on your homeowners policy, check the exclusions to see if it's covered outside the dwelling. A lot of them will cover it inside, but once it leaves you are no longer covered. Same goes for camera's or anything else you might add on the policy or list as personal property. My buddy was moving last year, broke his 60' lcd loading it in the uhaul, tried to put a claim in for it, and it was denied because it was not inside the insured house when the damage happened.

[MJD]

I have all watches with separate policy under USAA.

[mlotus95]

i will have to do this also