Rolex Forums - Rolex Watch Forum - View Single Post - Best route to value and insure an "oldish" rolex

hsfrank · 25 March 2010, 07:58 AM

It seems to me that you will never get new for old UNLESS your policy is an agreed value policy and you insure for replacement value. It is a basic caveat for all insurance to replace like for like. So if a 19xx Daytona can be replaced for $7000 ( as an example) you will get $7000 even though you insured it for $10,000 and paid premium based on that. Insurers have the option of repair,replace or pay the value of like kind & quality.

25 March 2010, 07:58 AM	#4
hsfrank "TRF" Member Join Date: Jan 2009 Real Name: Herbert Frank Location: Middletown,De Watch: President Posts: 1,641	New for old? It seems to me that you will never get new for old UNLESS your policy is an agreed value policy and you insure for replacement value. It is a basic caveat for all insurance to replace like for like. So if a 19xx Daytona can be replaced for $7000 ( as an example) you will get $7000 even though you insured it for $10,000 and paid premium based on that. Insurers have the option of repair,replace or pay the value of like kind & quality. __________________ Time and Tide wait for no man Rolex Cellini 4133 Tudor North Flag HERS: Rolex TTDJ