Insurance for Rolex

[Dcdfinance]

Any recommendations for a good insurance policy on a new Rolex? It would be appreciated. Thank you.

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[beshannon]

Originally Posted by Dcdfinance

Any recommendations for a good insurance policy on a new Rolex? It would be appreciated. Thank you.

Guess that depends on what kind of coverage you need.

I have my watches on my homeowners insurance.

[Spartacus]

Homeowners insurance typically covers up to a certain amount and add on insurance is available.

[hbombkid]

Jewelers mutual is popular.

I have a separate jewelry policy through my home insurance. I keep it separate as god forbid I had to file a claim I don't want it dinging my home owners insurance.

Either way it will be cheap. I have my Sub C and my wife's jewelry insured and I think the coverage is like 25k and I pay like 180 a year. Well worth it. I think jewelers mutual is about the same price.

[Quailhunter]

My watches and wife's jewelry are covered on a rider on my homeowner policy. They are covered at replacement value.

[jschmidtdmd]

I utilize CHUBB for all my insurance needs. They have been great. The only appraisal they have needed are for items over 100k.

[hsfrank]

Originally Posted by spartacus

homeowners insurance typically covers up to a certain amount and add on insurance is available.

x2

[Jim Smyth]

Do a search, been discussed in detail many times.

[cop414]

Jewlers Mutual here, for watches and her rings. 0 deductible and covers loss, theft and damage.

[Zopx-]

I was looking for one but i dont think i have the receipt

[AF_Rob]

Originally Posted by Jim Smyth

Do a search, been discussed in detail many times.

Concur. I learned a lot! I was playing fast and loose for a couple years and didn't know it.

[Sandblaster]

Originally Posted by Dcdfinance

Any recommendations for a good insurance policy on a new Rolex? It would be appreciated. Thank you.

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I don't insure my watches, I have homeowner's insurance.

BUY A SAFE. You can get a good one for under $500 and have them bolt it to the floor somewhere indiscreet.

The question is, insure it from what? Do you expect to lose it or get robbed?
Or break it?

*I never take mine off and I go straight from wrist to safe and safe to wrist. It's "safer" that way

[Daytona88]

Originally Posted by cop414

Jewlers Mutual here, for watches and her rings. 0 deductible and covers loss, theft and damage.

This. Just keep in mind that they provide replacement insurance only.

[douglasf13]

Originally Posted by Sandblaster

The question is, insure it from what? Do you expect to lose it or get robbed?
Or break it?

Yeah, those are pretty much the three reasons I insure mine. It gives me complete peace of mind in being able to wear them during any activity or in any environment. I've been carjacked before, and I know plenty of people who've been robbed, no matter how statistically insignificant it is, so I may as well make my watch dispensable. If a bracelet pin breaks in the ocean, who cares? If I give it to a robber, who cares? If I smash it on something, who cares? Etc.

[1995akcoop]

i'm with State Farm homeowners insurance. call your local rep and see what's up


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[DenaliHD]

I have a personal articles policy through State Farm.

[GoingPlaces]

Originally Posted by jschmidtdmd

i utilize chubb for all my insurance needs. They have been great. The only appraisal they have needed are for items over 100k.

+1

[roaddog359]

Originally Posted by Daytona88

This. Just keep in mind that they provide replacement insurance only.

Can you explain in more detail "replacement only".

[elkaholic]

Personal articles policy through State Farm, insured at retail replacement value-in other words, if my 16610 is lost/stolen, I'm paid at the cost of the current version of that piece-$8550-less whatever my deductible is set at.

[dcfella]

I got my watch insured with State Farm as well.

[mailman]

Originally Posted by roaddog359

Can you explain in more detail "replacement only".

Let's say your watch gets lost somehow. You choose an AD or other dealer of your choice and JM sends them the money. The dealer then sends you the watch. The insured receives no money from JM.

[Jim Smyth]

Originally Posted by Sandblaster

I don't insure my watches, I have homeowner's insurance.

BUY A SAFE. You can get a good one for under $500 and have them bolt it to the floor somewhere indiscreet.

The question is, insure it from what? Do you expect to lose it or get robbed?
Or break it?

*I never take mine off and I go straight from wrist to safe and safe to wrist. It's "safer" that way

You can also do a search here of stolen watches from people with the same mind set as you. If your willing to take the risk then go for it. Thats why I have Insurance on most everything I own thats valuable.