Watch Insurance
I'm curious how everyone here insures their precious watches.
Do you just rely on your Home Contents Cover to cover them in the event of a home theft?
Or does anyone add them specifically to 'Named' items that are also covered when out and about?
Thanks for any advice here gang...
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Ed
Irishman, film maker, Gundam builder, cheese lover, Guinness sipper... And I also like watches.
London
Member since
Last active: 10 hrs ago
All of mine are named individually if they cost over £2k
I have all of mine valued at over $2K insured as individually scheduled items on a jewelry policy. Insuring the Chinese stuff, the microbrands and the Glycines just isn't worth the expense.
Just on the home contents insurance because, seriously, have you seen my collection? LOL
I have all my watches listed on a separate jewelry and art policy. Most of my pieces are scheduled unless they’re under 10 grand. Then I have a balloon policy that’ll cover all other watches up to a maximum of like $35,000 for one single item.
I have a trained magpie that just steals them back
Thanks for the info folks. I'm unsure if my insurance provider does a jewelry specific policy. I'll call them this week as ask as I suspect I'm paying too much for insurance. Thanks again.
I have a capped amount ($50K or so) in my homeowner's policy so I insure through a separate Hodinkee/Chubb policy. It's not particularly expensive (about a $1 for every $100 of coverage) and gives a lot of peace of mind.
Agree with @Edge168n here using Hodinkee/Chubb plan separately for anything over $2k like @JBird7986. It’s affordable, easy to add on, and covers full loss from damage or theft. I use Chubb for business insurance as well and they’re easy to work with.
I’ve been using Chubb by Hodinkee for my watches over 3k. When my policy expires I might just get a safety deposit box since i believe it’s cheaper. I do love the convenience of having insurance and not worrying though