Watch Insurance

Discuss Christopher Ward watches
gweilgi
Senior Guru
Senior Guru
Posts: 405
Joined: Wed Sep 19, 2012 7:41 pm
CW-watches: 1
Location: Big Smoke

Re: Watch Insurance

Post by gweilgi »

DJP31 wrote:

I'm not a contents insurance expert but probably the best name I know in the market is Chubb. They are at the higher net worth end but their reputation at claims stage is outstanding.

All IMO DYOR Caveat Emptor and all that other forum disclaimer stuff.
I'm not a contents insurance expert either (nor do I play one on TV), just a satisfied customer. If anyone is approaching the higher net worth end of things, then Chubb is definitely worth a look. They are specialists in the field and will deal with people accordingly.

Finding an independent broker is also a good idea. They are the professionals, and they are in a position to give proper advice. To my mind, going with an online comparison site is a bit like booking the cheapest flight via expedia or a similar site: it may end up well but all too often there will be hidden costs, exclusions and drawbacks that can make the whole thing end up in tears.
proud C60 owner (grey)
User avatar
downer
Moderator
Moderator
Posts: 25482
Joined: Thu Dec 11, 2008 11:02 pm
CW-watches: 4
Location: UK

Re: Watch Insurance

Post by downer »

It's the same as everything else.

Shop around, do your homework, read the small-print, and do not take anything at face-value.

In the UK, depending on your needs, there are several well-known branded household contents insurance policies that offer good levels of cover for "valuables", including cover for out of the home, and good single-article limits. Some of them do not insist that valuables are individually listed.

In the past, I have found suitable policies from AXA and M&S. I am sure there are others.
Richard
Goonertim
Newbie
Newbie
Posts: 16
Joined: Tue Dec 01, 2015 4:54 pm

Re: Watch Insurance

Post by Goonertim »

Evening All,

I've got my year old Omega Aqua Terra insured with a company called Assetsure at the moment, about £80 a year with no excess for a 3.5k(rrp) watch which I think is very good, has anyone else got a recommendation for a stand alone cover policy?

ATB Tim
User avatar
smegwina
Senior Forumgod
Senior Forumgod
Posts: 11771
Joined: Sun May 26, 2013 10:04 am
CW-watches: 11

Re: Watch Insurance

Post by smegwina »

Goonertim wrote:Evening All,

I've got my year old Omega Aqua Terra insured with a company called Assetsure at the moment, about £80 a year with no excess for a 3.5k(rrp) watch which I think is very good, has anyone else got a recommendation for a stand alone cover policy?

ATB Tim
A standalone policy will generally be more expensive than finding a decent home policy that you can list the watch on.

Sent from my IRON using Tapatalk
Goonertim
Newbie
Newbie
Posts: 16
Joined: Tue Dec 01, 2015 4:54 pm

Re: Watch Insurance

Post by Goonertim »

Thanks smegwina,

I'm aware having it on home insurance would probably be a bit cheaper, but my policy covers me for theft, loss, damage( which I've already done and I'm in the middle of claiming on) and whilst I'm abroad all without an excess, I know for certain my home insurance wouldn't cover me like that and tbh I really don't want to change my buildings and contents just for a watch, so that's why I posted this, in case there's an even better policy out there that I'm not aware of!!

ATB Tim
User avatar
smegwina
Senior Forumgod
Senior Forumgod
Posts: 11771
Joined: Sun May 26, 2013 10:04 am
CW-watches: 11

Re: Watch Insurance

Post by smegwina »

Goonertim wrote:Thanks smegwina,

I'm aware having it on home insurance would probably be a bit cheaper, but my policy covers me for theft, loss, damage( which I've already done and I'm in the middle of claiming on) and whilst I'm abroad all without an excess, I know for certain my home insurance wouldn't cover me like that and tbh I really don't want to change my buildings and contents just for a watch, so that's why I posted this, in case there's an even better policy out there that I'm not aware of!!

ATB Tim
Fair enough. It is worth looking at this on your next renewal. My watches are all covered home/abroad/loss/theft and accidental damage on my home policy for a reasonable premium. And if it is just the one, there may not even be a premium with many suppliers.

With many home policies though, you are only allowed one out of the house at a time so look out for this if you want to take a couple on holiday/business trips.

Sent from my IRON using Tapatalk
User avatar
Paul Drawmer
Trusted Seller
Trusted Seller
Posts: 2347
Joined: Fri Jan 04, 2013 9:42 am
CW-watches: 7
Location: Deddington, Oxfordshire

Re: Watch Insurance

Post by Paul Drawmer »

Goonertim wrote:Thanks smegwina,

I'm aware having it on home insurance would probably be a bit cheaper, but my policy covers me for theft, loss, damage( which I've already done and I'm in the middle of claiming on) and whilst I'm abroad all without an excess, I know for certain my home insurance wouldn't cover me like that and tbh I really don't want to change my buildings and contents just for a watch, so that's why I posted this, in case there's an even better policy out there that I'm not aware of!!

ATB Tim
May I refer you to my post on page 1 of this. If your home policy doesn't provide the cover you need for a watch - it's not very good. It may be worth looking at better policies, and not just for your watches.

Which magazine used to have an on line list of recommended insurers. Find a agent/broker that you can actually talk to, don't buy 'off the page' there are too many assumptions made, which could end up being gaps in cover.
There's always time for one more.
Falstaff
Junior
Junior
Posts: 47
Joined: Thu Nov 19, 2015 9:22 pm

Re: Watch Insurance

Post by Falstaff »

Separate specific replacement value rider policies on every one worth over $5k. Costs me about $600 yearly.
"This time the cat vanished quite slowly, beginning with the tip of the tail and ending with the grin - which remained for quite some time after the rest of it had gone."
fissionu235
Guru
Guru
Posts: 345
Joined: Fri Aug 09, 2013 4:09 am
CW-watches: 1
Location: The Great Lakes State USA

Re: Watch Insurance

Post by fissionu235 »

I have my Omega Seamaster insured with a rider on my homeowners. Cost $52.00/year.
  • Similar Topics
    Replies
    Views
    Last post