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Snow-Dweller · 6 January 2015, 07:23 AM

I live in France (where all insurance is expensive) and have finally found a company that is prepared to insure my watches.

The cover is all risks and world-wide. The cost works out at minutely under 2% of the value insured (1950€ per year for 100,000€ worth of watches).

Please tell me if this sounds cheap/fair/expensive to you.

Thanks for your help....it is much appreciated.

Clive

elkaholic · 6 January 2015, 07:31 AM

If insurance truly is something that's more expensive there than in the US, it's probably pretty close to a fair deal. I can't speak with any knowledge on the cost of things like that in France though.

I have over $30k in jewelry (including several Rolex)insured here in the south eastern US with a very well known company and it costs me under $300 per year total for all items combined, FYI.

RolexJNJ · 6 January 2015, 07:33 AM

Hi Clive! I am paying 1.5%, so your rate seems reasonable.

Kokoshawnuff · 6 January 2015, 07:45 AM

In the U.S. the premiums are cheaper at about .75%-1.5%, but I would not have a problem paying 2% if I had to. The peace of mind to be able take your watches anywhere and everywhere, and use them how they are meant to be used, is worth it

thomaspp · 6 January 2015, 07:47 AM

Doesn't seem unreasonable Clive. I've been quoting insuring a 5205 (msrp of $46k) and the insurance will be around $1000 per annum. My premium for insured watched (typically only insure those with an msrp above $10k) is nearing the $2k per annum.

Snow-Dweller · 6 January 2015, 07:48 AM

Quote:

Originally Posted by elkaholic

If insurance truly is something that's more expensive there than in the US, it's probably pretty close to a fair deal. I can't speak with any knowledge on the cost of things like that in France though.

I have over $30k in jewelry (including several Rolex)insured here in the south eastern US with a very well known company and it costs me under $300 per year total for all items combined, FYI.

Quote:

Originally Posted by RolexJNJ

Hi Clive! I am paying 1.5%, so your rate seems reasonable.

Thank you both...I'm just trying to get a feel of what people pay elsewhere....if you guys are paying 1-1.5% in the US then 2% in France feels right to me.

JasH · 6 January 2015, 07:59 AM

£13.68 in the UK, to insure my Daytona for £11,250

Racerdj · 6 January 2015, 08:01 AM

1% with State Farm

Tri-Tip · 6 January 2015, 08:20 AM

I pay about 2% with Jeweler's Mutual. Covers theft, damage (drop, etc.), and "mysterious circumstances".

Snow-Dweller · 6 January 2015, 08:35 AM

Quote:

Originally Posted by Kokoshawnuff

In the U.S. the premiums are cheaper at about .75%-1.5%, but I would not have a problem paying 2% if I had to. The peace of mind to be able take your watches anywhere and everywhere, and use them how they are meant to be used, is worth it

Quote:

Originally Posted by thomaspp

Doesn't seem unreasonable Clive. I've been quoting insuring a 5205 (msrp of $46k) and the insurance will be around $1000 per annum. My premium for insured watched (typically only insure those with an msrp above $10k) is nearing the $2k per annum.

Quote:

Originally Posted by JasH

£13.68 in the UK, to insure my Daytona for £11,250

Quote:

Originally Posted by Racerdj

1% with State Farm

Quote:

Originally Posted by Tri-Tip

I pay about 2% with Jeweler's Mutual. Covers theft, damage (drop, etc.), and "mysterious circumstances".

Thank you Gentlemen....I feel reassured (forgive the pun).

Rolex addict · 6 January 2015, 08:50 AM

Quote:

Originally Posted by Racerdj

1% with State Farm

Same here on a rider policy with a $100 deductible.

Jim Smyth · 7 January 2015, 12:06 AM

Quote:

Originally Posted by Racerdj

1% with State Farm

I am with State Farm too. $100 for every $10,000 worth of coverage which is indeed 1% of the value.

Very good piece of mind.

KY5-0 · 7 January 2015, 12:10 AM

I have a homeowners rider that's $10.00 per $1,000 ins. $100.00 deductable. Covers all things. Ie theft damaged lost etc

otisc · 7 January 2015, 12:53 AM

Imagine you come home tomorrow and there has been a fire. Or a burglary.

That €1950 will seem like a bargain, then.

Drama · 7 January 2015, 04:41 AM

I'm paying about 2% for mine. Seems like that's the average.

bp1000 · 7 January 2015, 06:24 AM

Quote:

Originally Posted by JasH

£13.68 in the UK, to insure my Daytona for £11,250

Who is this with please?

jnkay · 7 January 2015, 06:36 AM

1.5% here.

samson66 · 7 January 2015, 06:38 AM

I pay about 1% on my home owner's policy which is with Travelers

RMC12 · 7 January 2015, 06:50 AM

I added my smurf to my home insurance policy at full RRP for £165.

Taylorgold · 24 October 2020, 06:36 AM

Quote:

Originally Posted by Jim Smyth

I am with State Farm too. $100 for every $10,000 worth of coverage which is indeed 1% of the value.

Very good piece of mind.

+1

6 January 2015, 07:23 AM	#1
Snow-Dweller 2024 Pledge Member Join Date: Mar 2014 Real Name: Clive Location: The Alps Watch: collections change Posts: 6,276	Cost of insuring our watches...opinions please I live in France (where all insurance is expensive) and have finally found a company that is prepared to insure my watches. The cover is all risks and world-wide. The cost works out at minutely under 2% of the value insured (1950€ per year for 100,000€ worth of watches). Please tell me if this sounds cheap/fair/expensive to you. Thanks for your help....it is much appreciated. Clive __________________ . The path from WIShood to WISdom can have many turnings... ——————————————————————————————————— . 16803. 16570. 18038. 114300. BB58. GMW-B5000D.

6 January 2015, 07:47 AM	#5
thomaspp "TRF" Member Join Date: Dec 2010 Location: N/A Posts: 11,136	Doesn't seem unreasonable Clive. I've been quoting insuring a 5205 (msrp of $46k) and the insurance will be around $1000 per annum. My premium for insured watched (typically only insure those with an msrp above $10k) is nearing the $2k per annum. __________________ Instagram: @watches_anonymous

6 January 2015, 08:01 AM	#8
Racerdj 2024 Pledge Member Join Date: Apr 2013 Location: Indianapolis Watch: Patek-Philippe Posts: 16,832	1% with State Farm __________________ Rolex and Patek Philippe

6 January 2015, 07:31 AM	#2
elkaholic "TRF" Member Join Date: Mar 2011 Location: ATL Watch: Rolex Posts: 683	If insurance truly is something that's more expensive there than in the US, it's probably pretty close to a fair deal. I can't speak with any knowledge on the cost of things like that in France though. I have over $30k in jewelry (including several Rolex)insured here in the south eastern US with a very well known company and it costs me under $300 per year total for all items combined, FYI.

6 January 2015, 07:33 AM	#3
RolexJNJ "TRF" Member Join Date: Jan 2010 Real Name: Joe Location: Chicago Posts: 5,036	Hi Clive! I am paying 1.5%, so your rate seems reasonable.

6 January 2015, 07:45 AM	#4
Kokoshawnuff "TRF" Member Join Date: Oct 2012 Real Name: Alex Location: Los Angeles Posts: 210	In the U.S. the premiums are cheaper at about .75%-1.5%, but I would not have a problem paying 2% if I had to. The peace of mind to be able take your watches anywhere and everywhere, and use them how they are meant to be used, is worth it

6 January 2015, 07:59 AM	#7
JasH 2024 Pledge Member Join Date: Dec 2014 Location: UK Posts: 287	£13.68 in the UK, to insure my Daytona for £11,250

6 January 2015, 08:20 AM	#9
Tri-Tip "TRF" Member Join Date: Jan 2011 Location: CA, USA Watch: Out!!! Posts: 6,407	I pay about 2% with Jeweler's Mutual. Covers theft, damage (drop, etc.), and "mysterious circumstances".

7 January 2015, 12:10 AM	#13
KY5-0 "TRF" Member Join Date: Dec 2012 Location: Bluegrass State Posts: 165	I have a homeowners rider that's $10.00 per $1,000 ins. $100.00 deductable. Covers all things. Ie theft damaged lost etc

7 January 2015, 12:53 AM	#14
otisc "TRF" Member Join Date: Oct 2014 Location: Austin, TX Watch: 116610LV HULK Posts: 637	Imagine you come home tomorrow and there has been a fire. Or a burglary. That €1950 will seem like a bargain, then.

7 January 2015, 04:41 AM	#15
Drama "TRF" Member Join Date: Aug 2014 Location: London Posts: 22	I'm paying about 2% for mine. Seems like that's the average.

7 January 2015, 06:36 AM	#17
jnkay "TRF" Member Join Date: Dec 2008 Location: South Florida, US Watch: du jour Posts: 1,812	1.5% here.

7 January 2015, 06:38 AM	#18
samson66 2024 Pledge Member Join Date: Jul 2013 Real Name: Mike Location: Eastern Shore, MD Watch: my money leaving! Posts: 12,906	I pay about 1% on my home owner's policy which is with Travelers

7 January 2015, 06:50 AM	#19
RMC12 "TRF" Member Join Date: Jan 2013 Real Name: Jon Location: UK Watch: Smurf/Hulk/1680 Posts: 2,920	I added my smurf to my home insurance policy at full RRP for £165.

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