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Bearxj86 · 12 July 2019, 08:58 AM

Post here. This should help everyone out.

jrs146 · 12 July 2019, 09:39 AM

I think I’m at like 1.25% through jewelers mutual. Maybe I should switch.

JR16 · 12 July 2019, 09:45 AM

Under 0.6%..... PURE

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1688 · 12 July 2019, 10:12 AM

Quote:

Originally Posted by JR16

Under 0.6%..... PURE

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Who is the underwriter for PURE insurance? Sometimes I wonder if they will pay out if there is a catastrophic loss, such as weather related or fires. Imagine loosing your possessions in a wild fire and finding out that they do not cover or cannot cover for your losses. I notice their website directs people to authorized agents that sell their insurance plans.
How many years have you had their plan and any losses that they compensated for?

mbalmz · 12 July 2019, 10:18 AM

close-ish but no. I’m at 0.9% with Cincinnati, which I thought was pretty good.

JR16 · 12 July 2019, 10:30 AM

Quote:

Originally Posted by 1688

Who is the underwriter for PURE insurance? Sometimes I wonder if they will pay out if there is a catastrophic loss, such as weather related or fires. Imagine loosing your possessions in a wild fire and finding out that they do not cover or cannot cover for your losses. I notice their website directs people to authorized agents that sell their insurance plans.

How many years have you had their plan and any losses that they compensated for?

I’ve had for 3 years , haven’t filed a claim. Went w them bc if their reputation near me of paying out without hassle. Think they are geared to high-worth clients . Have home, auto , umbrella and personal articles bundles w them . I had had State Farm in past and filed a claim and they were a huge pain and took forever

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ct.matt · 12 July 2019, 10:46 AM

I'm not sure it's possible based on our zip codes, Jin. I found the standalone personal articles insurance from Statefarm to be the cheapest retaining the same coverage that JM offered. I'm at about 1.5%

Bearxj86 · 12 July 2019, 11:40 AM

Quote:

Originally Posted by ct.matt

I'm not sure it's possible based on our zip codes, Jin. I found the standalone personal articles insurance from Statefarm to be the cheapest retaining the same coverage that JM offered. I'm at about 1.5%

Imma in a gated community and like 10 CCTVs; security guard and ring - does that help? :D

CamSLC · 12 July 2019, 02:11 PM

.74% through American Family. A lot of other things insured with them, that might help.

d11n · 12 July 2019, 02:30 PM

I'm at ~1.5...guess I need to shop rates more.

GreenLantern · 12 July 2019, 03:17 PM

Quote:

Originally Posted by 1688

Who is the underwriter for PURE insurance? Sometimes I wonder if they will pay out if there is a catastrophic loss, such as weather related or fires. Imagine loosing your possessions in a wild fire and finding out that they do not cover or cannot cover for your losses. I notice their website directs people to authorized agents that sell their insurance plans.
How many years have you had their plan and any losses that they compensated for?

This is the right question to ask. :)

Tidbits I found: https://www.pureinsurance.com/newsro...nt-capital-kkr

Russell996 · 12 July 2019, 03:17 PM

Yes, under 0.5%. I’m in the UK with combined household policy. Not sure it is easy to compare between countries etc, need to take into account postcodes, safe requirements, alarm, usage etc etc.

WatchLurv · 12 July 2019, 04:06 PM

Well in Hong Kong they charge 10%. Try that for a change.

Anyone in Hong Kong with a good watch insurance policy? Advice needed as I'm not paying 10% of the watches' value per year. Told them to go kick rocks and mug someone else off.

Horological2019 · 12 July 2019, 05:41 PM

I am with Amica and pay 88 bps upfront (I get a rebate if the overall pool hasn't paid out a lot in claims, which brought it down to 69 bps for 2018). I may be able to get an even lower jewelry policy premium but Amica has a good reputation for paying claims (94% rating from Consumer Reports and they've been known in other ratings to have a good claims paying track record). On top of that, A.M. Best's insurance rating for Amica is A+ (for those unfamiliar, this is a financial strength rating). I have also heard that USAA is a good insurance company (92% from Consumer Reports and an A++rating from A.M. Best). When I went to get a quote from them, I was better off at Amica, even if my dad had been a higher ranking officer in the Army. Hope this helps!

anselm · 13 July 2019, 05:33 AM

Quote:

Originally Posted by Horological2019

I am with Amica and pay 88 bps upfront (I get a rebate if the overall pool hasn't paid out a lot in claims, which brought it down to 69 bps for 2018). I may be able to get an even lower jewelry policy premium but Amica has a good reputation for paying claims (94% rating from Consumer Reports and they've been known in other ratings to have a good claims paying track record). On top of that, A.M. Best's insurance rating for Amica is A+ (for those unfamiliar, this is a financial strength rating). I have also heard that USAA is a good insurance company (92% from Consumer Reports and an A++rating from A.M. Best). When I went to get a quote from them, I was better off at Amica, even if my dad had been a higher ranking officer in the Army. Hope this helps!

I am with them to, didn't know they were that good a rate. Is that just for watches or jewellery in general. The good thing I found out about them is that the insure purses as part of the standard homeowneres policy. No need for a special rider!

nycwatch23 · 13 July 2019, 06:10 AM

I'm at about 1.8% for NYC through Chubb. Was told that it costs more because of Manhattan. Are there others here who can confirm?

KBM · 13 July 2019, 07:21 AM

You guys complaining about <2% are lucky. As our HK buddy mentioned above, here likewise there aren't even any options to insure watches, and in the rare occasion one pops up, they charge >10% per year. It's worse than insuring motorbikes.

WatchLurv · 13 July 2019, 07:25 AM

Quote:

Originally Posted by kauebm

You guys complaining about <2% are lucky. As our HK buddy mentioned above, here likewise there aren't even any options to insure watches, and in the rare occasion one pops up, they charge >10% per year. It's worse than insuring motorbikes.

I'm paying 4K a year for a car that's worth 150K. Insurance quotes out here is a joke and I still don't understand why.

None of my watches are insured, so if we need to hand it over, it simply won't happen. You're better off paying for a year Krav Maga classes.

I'll still walk with sleeves down in Manhattan. Any gold only comes out in countries where I deem safe.

JR16 · 13 July 2019, 10:55 AM

Quote:

Originally Posted by GreenLantern

This is the right question to ask. :)

Tidbits I found: https://www.pureinsurance.com/newsro...nt-capital-kkr

Cool. Thanks . Forgot to mention I did have a claim on my auto policy (body work plus a few other things after my RR getting hit by a deer) and they were fantastic all around .

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Pimpsy · 13 July 2019, 11:32 AM

Quote:

Originally Posted by nycwatch23

I'm at about 1.8% for NYC through Chubb. Was told that it costs more because of Manhattan. Are there others here who can confirm?

I pay the same just outside NYC through Jewelers Mutual. :(

My 5712 is probably underinsured at $70K. If the market continues the way it's going I guess I'll need to update the appraisal soon...but the policy still provides huge peace of mind considering I wear the watch pretty much everywhere.

nycwatch23 · 13 July 2019, 12:39 PM

Quote:

Originally Posted by Pimpsy

I pay the same just outside NYC through Jewelers Mutual. :(

My 5712 is probably underinsured at $70K. If the market continues the way it's going I guess I'll need to update the appraisal soon...but the policy still provides huge peace of mind considering I wear the watch pretty much everywhere.

Thanks! Sucks.

Aquaholic_user · 13 July 2019, 12:47 PM

I got close to 1.6% further out on the island through JM.

SM-N960U

soundserious · 13 July 2019, 12:58 PM

How much would it cost to insure $100k worth of loot?

JR16 · 13 July 2019, 02:50 PM

Quote:

Originally Posted by soundserious

How much would it cost to insure $100k worth of loot?

$600-$1800

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Horological2019 · 16 July 2019, 09:20 AM

Quote:

Originally Posted by anselm

I am with them to, didn't know they were that good a rate. Is that just for watches or jewellery in general. The good thing I found out about them is that the insure purses as part of the standard homeowneres policy. No need for a special rider!

I just added a watch to my coverage. 77 bps upfront and if the 2018 rebate % is applied I would be at a 59 bps net premium.

Snow-Dweller · 17 July 2019, 12:13 AM

I pay about 2% in France, which I consider to be too much.

Jkwino · 17 July 2019, 03:15 AM

Quote:

Originally Posted by nycwatch23

I'm at about 1.8% for NYC through Chubb. Was told that it costs more because of Manhattan. Are there others here who can confirm?

I pay 0.75 with CinFin in The city... PM for a referral.

Aquaman · 17 July 2019, 03:35 AM

may i a post a comment

surely if you can afford all these nice watches, insurance shouldn't be an issue

no?

beshannon · 17 July 2019, 04:45 AM

Quote:

Originally Posted by bearxj86

Post here. This should help everyone out.

Not sure how it would help since insurance is written based on geographic area, credit score, claims history . . .

Even if I tell you what I pay what will you do with that info?

chunkythebulldog · 17 July 2019, 05:03 AM

Quote:

Originally Posted by beshannon

Not sure how it would help since insurance is written based on geographic area, credit score, claims history . . .

Even if I tell you what I pay what will you do with that info?

Haggle

12 July 2019, 08:58 AM	#1
Bearxj86 "TRF" Member Join Date: Jun 2017 Location: Los Angeles Watch: 3970 Posts: 3,801	Who has watch insurance less 0.75% of replacement value per year? Post here. This should help everyone out.

12 July 2019, 09:39 AM	#2
jrs146 "TRF" Member Join Date: Aug 2011 Real Name: Josh Location: Lost in time Watch: Me Nae Nae Posts: 9,821	I think I’m at like 1.25% through jewelers mutual. Maybe I should switch. __________________ "Sometimes the songs that we hear are just songs of our own." -Jerome J. Garcia, Robert C. Hunter

12 July 2019, 10:18 AM	#5
mbalmz 2024 ROLEX DATEJUST41 Pledge Member Join Date: Jan 2017 Real Name: marc Location: nyc Posts: 1,354	close-ish but no. I’m at 0.9% with Cincinnati, which I thought was pretty good. __________________ _______________ ___________ _______ ___ instagram: @brooklynwatchguy

13 July 2019, 12:58 PM	#23
soundserious "TRF" Member Join Date: Aug 2011 Location: usofmfa Posts: 3,157	How much would it cost to insure $100k worth of loot? __________________ Instagram: soundsoserious

17 July 2019, 12:13 AM	#26
Snow-Dweller 2024 Pledge Member Join Date: Mar 2014 Real Name: Clive Location: The Alps Watch: collections change Posts: 6,276	I pay about 2% in France, which I consider to be too much. __________________ . The path from WIShood to WISdom can have many turnings... ——————————————————————————————————— . 16803. 16570. 18038. 114300. BB58. GMW-B5000D.

12 July 2019, 09:45 AM	#3
JR16 2024 Pledge Member Join Date: Jan 2013 Location: USA Posts: 6,188	Under 0.6%..... PURE Sent from my iPhone using Tapatalk Pro

12 July 2019, 10:46 AM	#7
ct.matt "TRF" Member Join Date: Oct 2012 Real Name: Matt Location: California Posts: 553	I'm not sure it's possible based on our zip codes, Jin. I found the standalone personal articles insurance from Statefarm to be the cheapest retaining the same coverage that JM offered. I'm at about 1.5%

12 July 2019, 02:11 PM	#9
CamSLC "TRF" Member Join Date: Jun 2016 Location: USA Watch: Rolex & Patek Posts: 1,436	.74% through American Family. A lot of other things insured with them, that might help.

12 July 2019, 02:30 PM	#10
d11n "TRF" Member Join Date: Jun 2019 Location: UTC/GMT -8 hours Watch: yes Posts: 415	I'm at ~1.5...guess I need to shop rates more.

12 July 2019, 03:17 PM	#12
Russell996 2024 Pledge Member Join Date: May 2016 Location: UK Posts: 4,180	Yes, under 0.5%. I’m in the UK with combined household policy. Not sure it is easy to compare between countries etc, need to take into account postcodes, safe requirements, alarm, usage etc etc.

12 July 2019, 04:06 PM	#13
WatchLurv Banned Join Date: Jul 2018 Location: Moon Watch: Swiss Posts: 2,270	Well in Hong Kong they charge 10%. Try that for a change. Anyone in Hong Kong with a good watch insurance policy? Advice needed as I'm not paying 10% of the watches' value per year. Told them to go kick rocks and mug someone else off.

12 July 2019, 05:41 PM	#14
Horological2019 "TRF" Member Join Date: Jun 2019 Location: USA Watch: 116233 & 5227J Posts: 21	I am with Amica and pay 88 bps upfront (I get a rebate if the overall pool hasn't paid out a lot in claims, which brought it down to 69 bps for 2018). I may be able to get an even lower jewelry policy premium but Amica has a good reputation for paying claims (94% rating from Consumer Reports and they've been known in other ratings to have a good claims paying track record). On top of that, A.M. Best's insurance rating for Amica is A+ (for those unfamiliar, this is a financial strength rating). I have also heard that USAA is a good insurance company (92% from Consumer Reports and an A++rating from A.M. Best). When I went to get a quote from them, I was better off at Amica, even if my dad had been a higher ranking officer in the Army. Hope this helps!

13 July 2019, 06:10 AM	#16
nycwatch23 "TRF" Member Join Date: Jul 2019 Location: NYC Posts: 41	I'm at about 1.8% for NYC through Chubb. Was told that it costs more because of Manhattan. Are there others here who can confirm?

13 July 2019, 07:21 AM	#17
KBM 2024 ROLEX DATEJUST41 Pledge Member Join Date: Jan 2010 Real Name: K. Location: 780 Posts: 10,390	You guys complaining about <2% are lucky. As our HK buddy mentioned above, here likewise there aren't even any options to insure watches, and in the rare occasion one pops up, they charge >10% per year. It's worse than insuring motorbikes.

13 July 2019, 12:47 PM	#22
Aquaholic_user "TRF" Member Join Date: Dec 2018 Real Name: Rich Location: US Posts: 487	I got close to 1.6% further out on the island through JM. SM-N960U

17 July 2019, 03:35 AM	#28
Aquaman Banned Join Date: Jun 2019 Location: All around Posts: 600	may i a post a comment surely if you can afford all these nice watches, insurance shouldn't be an issue no?

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