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Neil.tf001 · 8 May 2012, 03:25 AM

Hi all,
Sory if this has been done but i cannot find where it has been fully explined.
I have contacted Jewlers Mutual and been told the insurance will replace "appraised value ".
now in 3 years that wont ( if lost/ stolen) replace the watch with new. you can get home insurance for such things like a TV. Does anyone in the USA know of a better more comprehensive insurance like what I am looking for.
Thanks to everyone for help.
Neil

kilyung · 8 May 2012, 03:57 AM

I'm guessing you're looking for a replacement policy. Afaik, you'll have to get regular appraisals for such a policy as most everything I've seen is based on appraised value.

wantonebad · 8 May 2012, 04:42 AM

Thanks for reminding me, I have to renew with JM this month!!

Just make sure your appraisal reflects current MSRP and that's what they'll base the premiums on. Three years from now that amount will reflect fair market value for your loss. Normal insurance doesn't cover depreciation, that kind of coverage is more expensive and I'm not even sure if JM offers it.

floater156 · 8 May 2012, 05:13 AM

Jewelers Mutual is a great company. I've had to submit a claim with them and it went very smoothly.

Neil.tf001 · 8 May 2012, 08:42 AM

so am i to understand that there is nothing out there that will replace with new if lost or stolen?
Thanks for replies.

kilyung · 8 May 2012, 09:37 AM

Insurance companies insure things. They don't do appraisals and track depreciation long-term. I have a replacement policy with my insurance carrier but it's my responsibility to ensure the appraised/insured amount covers replacement.

Lanfor · 8 May 2012, 09:49 AM

As was said above on a replacement policy they will give you the value it is insured for but you have to update your policy as the value of the item changes

hsfrank · 8 May 2012, 09:52 AM

Read my post here
https://www.rolexforums.com/showthread.php?t=231924

8 May 2012, 03:25 AM	#1
Neil.tf001 Member Join Date: Jul 2010 Real Name: Neil Location: Chicago Watch: LV SUB Posts: 65	Insurance type? Hi all, Sory if this has been done but i cannot find where it has been fully explined. I have contacted Jewlers Mutual and been told the insurance will replace "appraised value ". now in 3 years that wont ( if lost/ stolen) replace the watch with new. you can get home insurance for such things like a TV. Does anyone in the USA know of a better more comprehensive insurance like what I am looking for. Thanks to everyone for help. Neil

8 May 2012, 04:42 AM	#3
wantonebad 2025 TitaniumYM Pledge Member Join Date: Nov 2007 Location: USA Watch: 126600, 116500LN Posts: 12,851	Thanks for reminding me, I have to renew with JM this month!! Just make sure your appraisal reflects current MSRP and that's what they'll base the premiums on. Three years from now that amount will reflect fair market value for your loss. Normal insurance doesn't cover depreciation, that kind of coverage is more expensive and I'm not even sure if JM offers it. __________________ "I'm kind of a big deal... on a fairly irrelevant social media site that falsely inflates my fragile ego"

8 May 2012, 05:13 AM	#4
floater156 "TRF" Member Join Date: Jan 2012 Real Name: Chris Location: Wisconsin Watch: Rolex Posts: 2,984	Jewelers Mutual is a great company. I've had to submit a claim with them and it went very smoothly. __________________ Lead by example through production.

8 May 2012, 09:49 AM	#7
Lanfor "TRF" Member Join Date: Jun 2011 Real Name: Matt Location: London Watch: Submariner-16610LV Posts: 1,798	As was said above on a replacement policy they will give you the value it is insured for but you have to update your policy as the value of the item changes __________________ Rolex Submariner - 16610LV

8 May 2012, 09:52 AM	#8
hsfrank "TRF" Member Join Date: Jan 2009 Real Name: Herbert Frank Location: Middletown,De Watch: President Posts: 1,641	Read my post here https://www.rolexforums.com/showthread.php?t=231924 __________________ Time and Tide wait for no man Rolex Cellini 4133 Tudor North Flag HERS: Rolex TTDJ Last edited by hsfrank; 8 May 2012 at 09:55 AM.. Reason: wrong url

8 May 2012, 03:57 AM	#2
kilyung "TRF" Member Join Date: Jul 2009 Location: Cave Watch: Sundial Posts: 33,950	I'm guessing you're looking for a replacement policy. Afaik, you'll have to get regular appraisals for such a policy as most everything I've seen is based on appraised value.

8 May 2012, 08:42 AM	#5
Neil.tf001 Member Join Date: Jul 2010 Real Name: Neil Location: Chicago Watch: LV SUB Posts: 65	so am i to understand that there is nothing out there that will replace with new if lost or stolen? Thanks for replies.

8 May 2012, 09:37 AM	#6
kilyung "TRF" Member Join Date: Jul 2009 Location: Cave Watch: Sundial Posts: 33,950	Insurance companies insure things. They don't do appraisals and track depreciation long-term. I have a replacement policy with my insurance carrier but it's my responsibility to ensure the appraised/insured amount covers replacement.

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