watch insurance

[andrema]

Hey! I am thinking of doing some comparison shopping on watch insurance for my collection. What do you guys currently use? I haven't been in the loop lately, so I don't want to miss any preferred companies.

[r.palace]

Timely thread. Thinking about the same.

I’ve heard some folks mention Hodinkee’s insurance but haven’t looked into it in depth.

[hoppyjr]

I use State Farm and have a Personal Articles policy as a rider on my homeowners policy. Cost depends on what you have insured, but I believe around $50k is maybe $35/month.

[flyskate]

I'm using Jewelers mutual group.
https://www.jewelersmutual.com/?_ga=2.2 ... 1640299036

[r.palace]

I use State Farm and have a Personal Articles policy as a rider on my homeowners policy. Cost depends on what you have insured, but I believe around $50k is maybe $35/month.

My concern w that is a potential theft of a watch screwing up my premium. Rather a homeowners claim be on a roof or dwelling IMO.

[hoppyjr]

I use State Farm and have a Personal Articles policy as a rider on my homeowners policy. Cost depends on what you have insured, but I believe around $50k is maybe $35/month.

My concern w that is a potential theft of a watch screwing up my premium. Rather a homeowners claim be on a roof or dwelling IMO.

I doubt that would be an issue, unless you had multiple claims in a short period.

[r.palace]

I use State Farm and have a Personal Articles policy as a rider on my homeowners policy. Cost depends on what you have insured, but I believe around $50k is maybe $35/month.

My concern w that is a potential theft of a watch screwing up my premium. Rather a homeowners claim be on a roof or dwelling IMO.

I doubt that would be an issue, unless you had multiple claims in a short period.

Depends on the market. In my market, S.FL, any claim is a negative even if legit. I hadn’t made a claim on my homeowners policy since I bought the house over 5 years ago. Made a roof claim for Hurricane Irma and my rates skyrocketed the year after. I’ve worked in the insurance industry in one capacity or another for close to 15 years; carriers hate S. Florida

[Chocodove]

I’ve used Jewelers Mutual for years. Easy and seems to be a decent rate. Was able to insure my Sub for market price painlessly. Never had a claim thankfully, but feedback around the web seems to indicate they’ll take care of you if anything ever happened.

ETA: very easy to remove/add if you flip.

[OrangeSport]

Mine are all covered on the home insurance against theft, damage and loss. Nothing under £15k needs specifically naming, although I am careful to keep receipts and photos, just in case.

[Blaine]

Mine are all covered on the home insurance against theft, damage and loss. Nothing under £15k needs specifically naming, although I am careful to keep receipts and photos, just in case.

Good point. I found having appraisals added as an addendum to my homeowners policy is helpful and a good paper trail. Though, with the recent surge is pricing, updated appraisals may be necessary. I have to check into Jewelers Mutual.


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[jimyritz]

Combination of Home Insurance and Jewelers Mutual..

[Captdave]

Like Ed I have a rider on my homeowners policy but, now will be checking into jewelers Mutual. Thanks for the great info guys and a Happy Christmas Eve to all.


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[SoCal C4S]

Have had a State Farm Personal Articles Policy for a decade. Have $50k worth of coverage, $0 deductible for claims, and it is fairly painless to get going.

[Skinny Rogers]

Jewelers Mutual for me.

We have the no deductible plan.

Watches and wife’s jewelry.

Very easy and not expensive.


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[r.palace]

Just got a quote from Hodinkee (Chubb Insurance) and Jewelers Mutual.

Quote from JM was about the same as Hodinkee and I was able to include my wife’s rings.

Will more than likely go the JM route.

[JP Chestnut]

How are you guys handing appraisals? Every time I’ve looked into it, the appraiser wants me to leave my watches and all documentation for at least a week.

I’m not comfortable with someone having their hands all over my stuff, maybe pulling bracelets off or whatever, so I never do it.

[r.palace]

How are you guys handing appraisals? Every time I’ve looked into it, the appraiser wants me to leave my watches and all documentation for at least a week.

I’m not comfortable with someone having their hands all over my stuff, maybe pulling bracelets off or whatever, so I never do it.

Neither one of the companies I mentioned require an appraisal to start coverage. However, in the unfortunate event you have to file a claim, they would require a detailed receipt or appraisal.

[Zidane]

How are you guys handing appraisals? Every time I’ve looked into it, the appraiser wants me to leave my watches and all documentation for at least a week.

I’m not comfortable with someone having their hands all over my stuff, maybe pulling bracelets off or whatever, so I never do it.

Neither one of the companies I mentioned require an appraisal to start coverage. However, in the unfortunate event you have to file a claim, they would require a detailed receipt or appraisal.

How does that work? If you need to file a claim, theoretically there's not a watch to have appraised at that point.

[r.palace]

How are you guys handing appraisals? Every time I’ve looked into it, the appraiser wants me to leave my watches and all documentation for at least a week.

I’m not comfortable with someone having their hands all over my stuff, maybe pulling bracelets off or whatever, so I never do it.

Neither one of the companies I mentioned require an appraisal to start coverage. However, in the unfortunate event you have to file a claim, they would require a detailed receipt or appraisal.

How does that work? If you need to file a claim, theoretically there's not a watch to have appraised at that point.

Beats me lol. Just reading the fine print

[JP Chestnut]

How are you guys handing appraisals? Every time I’ve looked into it, the appraiser wants me to leave my watches and all documentation for at least a week.

I’m not comfortable with someone having their hands all over my stuff, maybe pulling bracelets off or whatever, so I never do it.

Neither one of the companies I mentioned require an appraisal to start coverage. However, in the unfortunate event you have to file a claim, they would require a detailed receipt or appraisal.

How does that work? If you need to file a claim, theoretically there's not a watch to have appraised at that point.

I think you effectively need to appraise first. Allowing coverage first is just a ruse to collect money and potentially avoid paying out.

[r.palace]

How are you guys handing appraisals? Every time I’ve looked into it, the appraiser wants me to leave my watches and all documentation for at least a week.

I’m not comfortable with someone having their hands all over my stuff, maybe pulling bracelets off or whatever, so I never do it.

Neither one of the companies I mentioned require an appraisal to start coverage. However, in the unfortunate event you have to file a claim, they would require a detailed receipt or appraisal.

How does that work? If you need to file a claim, theoretically there's not a watch to have appraised at that point.

I think you effectively need to appraise first. Allowing coverage first is just a ruse to collect money and potentially avoid paying out.

I don’t disagree.

Can any of JM or Hodinkee dudes chime in?

[SoCal C4S]

I have my watches appraised online (by Elite Timepieces) before insuring them: send in a bunch of detailed pictures, angles, boxes and paperwork (if present), etc. and pay the fee. A legit appraisal comes back in an email, and I send that over to my State Farm agent and add it to my personal articles policy. Easy day, all around.

[r.palace]

I have my watches appraised online (by Elite Timepieces) before insuring them: send in a bunch of detailed pictures, angles, boxes and paperwork (if present), etc. and pay the fee. A legit appraisal comes back in an email, and I send that over to my State Farm agent and add it to my personal articles policy. Easy day, all around.

Thanks for the heads up

[JP Chestnut]

I have my watches appraised online (by Elite Timepieces) before insuring them: send in a bunch of detailed pictures, angles, boxes and paperwork (if present), etc. and pay the fee. A legit appraisal comes back in an email, and I send that over to my State Farm agent and add it to my personal articles policy. Easy day, all around.

Thanks, bud. That’s what I’m looking for. Can you recall the fee?

[SoCal C4S]

I believe it’s $40 per watch. Cheaper than having someone do it in person, and usually a 24-hour or less turnaround time.