Insuring my Rolex

[Precision Patrol]

Hi all,

Looking to get my Rolex insured that I bought preowned from AD. Was wondering if anyone had some recommendations on Insurance companies specific to watches. I've heard good things about Briteco, that they cover loss, theft, disappearance etc....also Gemshield and Jewelers Mutual. Any suggestions or experience with claims/companies would be greatly appreciated. Also, what do I insure my watch for? For the price I paid for it on my receipt or must I get an appraisal from a jeweler and insure at the appraised value. I'm sure what I paid was a little higher than what the appraised value would come in at. In the past I've used State Farm Jewelry Policy with my Bulgari watches, but they were all bought new from Bulgari , so they were insured for exactly what I paid for them..Thank you for any insight on this

[JSCP]

Hodinkee Insurance

[Tigereye]

I insured mine with Briteco. I don't have any experience with them or other jewelry insurance companies. I insured it for the same amount I paid. They did not ask for an appraisal but I sent them the receipt. Good luck.

[mrlube1151001]

I am with Chubb.

[KathleenL]

I have one Rolex, purchased brand new from an AD in 2022. It's insured by Jewelers Mutual. I scanned the receipt, and attached it to my online application for insurance. The price for the watch was $9,850, and after the tax was added the purchase price was $10,736.50. I insured it for $11,000 and when the policy renewed last year JM automatically upped the coverage by several hundred dollars. I could get a current appraisal on the watch and if the value turns out to be substantially more than it's insured for I could increase the coverage. But I have a zero deductible, so (in my mind at least), a little bit lower coverage is negated by not having a deductible. Crazy? Possibly. But my Rolex is a 28mm Lady Datejust which is not a wildly popular in-demand model, so I'm not really worried about it getting stolen and needing to replace it.

[1William]

Hodinkee Insurance is my choice. It is mindless in that you do not need an appraisal and you get to set the value. I was with Jewelers Mutual but they were difficult to work with and needed appraisals. Many here will tell you that it is costly to insure with Hodinkee/Chubb and that will be based on where you live and the risk that the insurance company will assume. Always keep your Home Owners/Rental Insurance away from your Jewelry policy so that if you should suffer a loss it will not be the reason for non-renewal. Go check them out on the Hodinkee website. I have no claims experience to share but several on here have told stories and I do not remember an issue. Good luck.

[ltmgeller]

A friend I met through the forum who did his research on the topic recommended State Farm. I use them and am very happy.

[Calatrava r]

Add a personal articles rider to your homeowners policy if you have one.