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liuk3 · 14 July 2012, 02:50 PM

How do you go about insuring a vintage or pre-owned watch? Especially with regard to a vintage piece, how do you establish value for insurance purposes, and is it really replaceable if lost? Thanks.

Gugnunc · 14 July 2012, 07:51 PM

To insure my vintage piece I took it to my A.D. who sent it to a valuation house in London which specialised in jewellery and watches. They then supplied me with a certificate stating the retail value (pretty close to what I had believed) and showing a photograph of the watch; I informed my home contents insurance company of the outcome and they accepted that as the value - surprisingly they didn't want to see the certificate.
Having said all that - if you do lose yor watch, for whatever reason, a fair financial recompense does nothing to salve the sadness of the loss of something which holds great sentimental value.
By the way the cost of obtaining the certificate would equate to about $150 in your currency.

liuk3 · 15 July 2012, 02:01 AM

Thanks, Philip. Appreciate you sharing your experience.

Tijssan · 16 July 2012, 07:26 AM

Good personal valuables insurance companies allow 'agreed value'. So in other words - they insure the amount you list for the item as long as it is deemed reasonable. after policy is accepted the item's value is agreed . Most of them do not require valuation below certain amount (50K in case of Chubb insurance in the US for instance)

14 July 2012, 02:50 PM	#1
liuk3 "TRF" Member Join Date: Dec 2011 Location: Los Angeles Posts: 3,354	Insuring Vintage Pieces How do you go about insuring a vintage or pre-owned watch? Especially with regard to a vintage piece, how do you establish value for insurance purposes, and is it really replaceable if lost? Thanks. __________________ "Appreciate your life!"

14 July 2012, 07:51 PM	#2
Gugnunc "TRF" Member Join Date: Feb 2010 Real Name: Philip Bowes Location: England Watch: 5500 Exp & 114270 Posts: 154	To insure my vintage piece I took it to my A.D. who sent it to a valuation house in London which specialised in jewellery and watches. They then supplied me with a certificate stating the retail value (pretty close to what I had believed) and showing a photograph of the watch; I informed my home contents insurance company of the outcome and they accepted that as the value - surprisingly they didn't want to see the certificate. Having said all that - if you do lose yor watch, for whatever reason, a fair financial recompense does nothing to salve the sadness of the loss of something which holds great sentimental value. By the way the cost of obtaining the certificate would equate to about $150 in your currency. __________________ At the end of the game the pawn and the king go back into the same box.

15 July 2012, 02:01 AM	#3
liuk3 "TRF" Member Join Date: Dec 2011 Location: Los Angeles Posts: 3,354	Thanks, Philip. Appreciate you sharing your experience. __________________ "Appreciate your life!"

16 July 2012, 07:26 AM	#4
Tijssan "TRF" Member Join Date: Aug 2010 Location: GMT+8 Watch: this... Posts: 770	Good personal valuables insurance companies allow 'agreed value'. So in other words - they insure the amount you list for the item as long as it is deemed reasonable. after policy is accepted the item's value is agreed . Most of them do not require valuation below certain amount (50K in case of Chubb insurance in the US for instance)

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