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daytona_mania · 16 July 2008, 07:58 PM

does anyone use any here in australia to insure their rolexs/valuables?

any good companies out there?

swatty · 16 July 2008, 08:12 PM

I believe most companies , NRMA , Gio etc will insure your valuables , you will need a valuation though! Shop around for the best price .

2careless · 16 July 2008, 08:37 PM

Interested to know too. With RACV at the moment and they charge like 10-13% of insured value p.a. for all risks.

daytona_mania · 16 July 2008, 08:46 PM

hmm!! Cheers!

ROLEX MAN · 16 July 2008, 11:23 PM

tried to insure mine, allianz wanted an extra $76.00 a month on top of contents insurance, told em to shove it up their jumper, i'll just run the risk!!

daytona_mania · 17 July 2008, 12:33 AM

Quote:

Originally Posted by ROLEX MAN

tried to insure mine, allianz wanted an extra $76.00 a month on top of contents insurance, told em to shove it up their jumper, i'll just run the risk!!

yeah thats what i thought was the case in Aus! some things really sucks in Aus

leungbing · 17 July 2008, 02:38 AM

Quote:

Originally Posted by daytona_mania

yeah thats what i thought was the case in Aus! some things really sucks in Aus

x 2

mcoccia · 17 July 2008, 08:38 PM

I changed my contents insurance from RACV to Cyclecover to specifically cover my bikes however this policy also covers watches, computers and jewerly. The maximum value of an individual item is up to 10K for unspecified items and the goods are insured both in Australia and OS.

daytona_mania · 17 July 2008, 10:37 PM

Quote:

Originally Posted by mcoccia

I changed my contents insurance from RACV to Cyclecover to specifically cover my bikes however this policy also covers watches, computers and jewerly. The maximum value of an individual item is up to 10K for unspecified items and the goods are insured both in Australia and OS.

whats the premium?

sherwin · 18 July 2008, 12:36 AM

like all the other aussies on the forum, i also was told that i need a valuation, and the premium was somethng stupid..... so i just run the risk for now

mcoccia · 18 July 2008, 10:52 PM

Quote:

Originally Posted by daytona_mania

whats the premium?

Consistent with the RACV on a total sum insured basis however RACV has a non specified items maximum of $1000 and is thereore useless for watches.

daytona_mania · 18 July 2008, 11:10 PM

Quote:

Originally Posted by seiko.citizen

like all the other aussies on the forum, i also was told that i need a valuation, and the premium was somethng stupid..... so i just run the risk for now

X2 stupid premium and stupid valuation!!

maybe there is a business opportunity in all of this in Australia!!

sherwin · 19 July 2008, 04:25 PM

i can see an opportunity for jeweller insurance, since majority of those luxury watches, etc are going uninsured due to stupid rates from the big boys

daytona_mania · 19 July 2008, 04:30 PM

highly specialised service though!

oztimelord · 19 July 2008, 05:35 PM

I've insured my pateks and rolexes with GIO Platinum. Scarry thing is that the value is small house LOL. Yes insurance costs but it comes with the territory I guess.

Regards
Rene

2careless · 19 July 2008, 08:19 PM

My son has a vintage violin and the insurance premium p.a. is approx 20% of replacement value so 10-15% for watches is already "cheap"

BTW, for jewellry, the valuation for replacement value vs resell value is like 2.5:1. I don't know the ratio for watches but couldn't be too far away.

Oscar · 20 July 2008, 03:52 PM

Quote:

Originally Posted by daytona_mania

does anyone use any here in australia to insure their rolexs/valuables?

any good companies out there?

Consider looking for a 'reputable' Insurance Broker that will do all the foot work for you. For a small additional cost they will source the best possible policy for you.

daytona_mania · 20 July 2008, 09:09 PM

Quote:

Originally Posted by Oscar

Consider looking for a 'reputable' Insurance Broker that will do all the foot work for you. For a small additional cost they will source the best possible policy for you.

16 July 2008, 07:58 PM	#1
daytona_mania "TRF" Member Join Date: May 2008 Location: Hong Kong Posts: 278	Insurance policies in Australia? does anyone use any here in australia to insure their rolexs/valuables? any good companies out there?

16 July 2008, 11:23 PM	#5
ROLEX MAN 2024 ROLEX DATEJUST41 Pledge Member Join Date: Jan 2008 Real Name: Martin Location: land down under Watch: you? "YES PLEASE"! Posts: 3,686	tried to insure mine, allianz wanted an extra $76.00 a month on top of contents insurance, told em to shove it up their jumper, i'll just run the risk!! __________________ *it's not just about telling the time...* *happy rolexing...* I'm just a man with a passion

18 July 2008, 12:36 AM	#10
sherwin "TRF" Member Join Date: Nov 2007 Location: Perth/Singapore Posts: 1,764	like all the other aussies on the forum, i also was told that i need a valuation, and the premium was somethng stupid..... so i just run the risk for now __________________ Want to Buy:SS GMT black;116509 WG Daytona Metrorite

19 July 2008, 04:25 PM	#13
sherwin "TRF" Member Join Date: Nov 2007 Location: Perth/Singapore Posts: 1,764	i can see an opportunity for jeweller insurance, since majority of those luxury watches, etc are going uninsured due to stupid rates from the big boys __________________ Want to Buy:SS GMT black;116509 WG Daytona Metrorite

16 July 2008, 08:12 PM	#2
swatty 2024 Pledge Member Join Date: Dec 2007 Real Name: Peter Location: Sydney Watch: The Game Posts: 17,409	I believe most companies , NRMA , Gio etc will insure your valuables , you will need a valuation though! Shop around for the best price .

16 July 2008, 08:37 PM	#3
2careless "TRF" Member Join Date: Dec 2007 Location: Melbourne, AU Watch: Pepsi Posts: 4,370	Interested to know too. With RACV at the moment and they charge like 10-13% of insured value p.a. for all risks.

16 July 2008, 08:46 PM	#4
daytona_mania "TRF" Member Join Date: May 2008 Location: Hong Kong Posts: 278	hmm!! Cheers!

17 July 2008, 08:38 PM	#8
mcoccia "TRF" Member Join Date: Jan 2008 Location: Australia Posts: 216	I changed my contents insurance from RACV to Cyclecover to specifically cover my bikes however this policy also covers watches, computers and jewerly. The maximum value of an individual item is up to 10K for unspecified items and the goods are insured both in Australia and OS.

19 July 2008, 04:30 PM	#14
daytona_mania "TRF" Member Join Date: May 2008 Location: Hong Kong Posts: 278	highly specialised service though!

19 July 2008, 05:35 PM	#15
oztimelord "TRF" Member Join Date: May 2008 Real Name: Rene Location: Australia Watch: PN 6241 Daytona Posts: 466	I've insured my pateks and rolexes with GIO Platinum. Scarry thing is that the value is small house LOL. Yes insurance costs but it comes with the territory I guess. Regards Rene

19 July 2008, 08:19 PM	#16
2careless "TRF" Member Join Date: Dec 2007 Location: Melbourne, AU Watch: Pepsi Posts: 4,370	My son has a vintage violin and the insurance premium p.a. is approx 20% of replacement value so 10-15% for watches is already "cheap" BTW, for jewellry, the valuation for replacement value vs resell value is like 2.5:1. I don't know the ratio for watches but couldn't be too far away.

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