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gtdoeslife · 20 March 2018, 10:59 AM

I've been quoted 270$+tx per year to insure my SubC date for full replacement value. I'm hesitating to insure it, or not. That is a very hefty price for only 1 watch... I always have my sub on my wrist, even when I go at the gym.

Talking about gym, I went there this afternoon and while riding the bike somebody started using the bike on my left and really started staring at my watch. At this moment I thought again hmmm maybe I should get it insured... I don't want to have to fight for a watch

I know that this has been talked about many many times here on TRF. What's your input on this? Keep in mind that I always have my watch on, while working, training, going out with friends, etc...

Thanks in advance

GreatScott · 20 March 2018, 11:01 AM

Yes, do it. Skip the Starbucks and get the insurance.

pilotjim · 20 March 2018, 11:01 AM

I got a quote for 252 for two watches; a BLNR and a Hulk. I thought it was pricey too, but I might do it. It would be better than jacking up my homeowner rates.

al503 · 20 March 2018, 11:02 AM

That's a lot, IMO. Have you shopped around at all?

Roger Lococco · 20 March 2018, 11:04 AM

Seems very, very high. I have over $150k insured for about $600 a year with USAA.

dynafrom · 20 March 2018, 11:05 AM

Are you insuring with TD Meloche by any chance?

Coop13 · 20 March 2018, 11:06 AM

Quote:

Originally Posted by gtdoeslife

I've been quoted 270$+tx per year to insure my SubC date for full replacement value. I'm hesitating to insure it, or not. That is a very hefty price for only 1 watch... I always have my sub on my wrist, even when I go at the gym.

Talking about gym, I went there this afternoon and while riding the bike somebody started using the bike on my left and really started staring at my watch. At this moment I thought again hmmm maybe I should get it insured... I don't want to have to fight for a watch

I know that this has been talked about many many times here on TRF. What's your input on this? Keep in mind that I always have my watch on, while working, training, going out with friends, etc...

Thanks in advance

Talk to USAA if you can.

vman · 20 March 2018, 11:08 AM

My insurance is so dirt cheap and covers so many options that I'd be fool not to take it.

cop414 · 20 March 2018, 11:09 AM

Yes, insure it.

Onlytime · 20 March 2018, 11:12 AM

I added my BLRO and DeepBlue to my homeowners policy for $30 per month...

Arthur Daley · 20 March 2018, 11:15 AM

I called my home insurance company the other day - think the quote was something like $450 for insured value up to $150K (which is certainly more than my watches are worth!). Didn't bite yet - but may. Full disclosure: where the watches are stored is a big factor in a premium (safe, type of safe etc,)

yhzdude · 20 March 2018, 11:46 AM

$250 for a piece of mind...less than $25 a month..that s peanut money. skip 1 Starbucks a week and you will be ahead, if you drop the watch, get mugged etc... $ 25 a month is nothing.
insure it and enjoy it. Someone point a knife or gun at you just give him the watch and go buy a new one.

thomaswentworth · 20 March 2018, 11:48 AM

Quote:

Originally Posted by GreatScott

Yes, do it. Skip the Starbucks and get the insurance.

^^^^^^^^ This

sco · 20 March 2018, 11:49 AM

Even though that is much higher than what I pay in the US, if you are considering it, do it!

Matteo E · 20 March 2018, 11:51 AM

I got my DJII 116334 insured through Jewelers Mutual for $100 flat annually with 8K replacement value.

Big Tone · 20 March 2018, 11:52 AM

FYI most insurance companies have minimum coverage they charge to protect valuables. With that said, $13/mo isn’t a lot to insure your watch. Assuming there’s no deductible, that is. Keep in mind you should be able to add items to your personal articles policy, the addition of those items will not be at the same rate as what you’re paying to protect tour watch. If you’re married, add you and your wife’s wedding bands, her other expensive jewelry, etc. what you’ll find is the per item cost of protection will go down.

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GeezyAF · 20 March 2018, 12:02 PM

Definitely expensive, but I'm unsure how it is in Canada. Adding my SubC as a rider to my homeowner's insurance only costs me $66/yr and no deductible.

You should absolutely insure it.

Douglas9700 · 20 March 2018, 12:08 PM

My Sub C is around $110 or so with J.M., and home owners quoted approx $2 per thousand (about $170). I agree it’s worth it for the peace of mind.

Big Tone · 20 March 2018, 12:13 PM

My info is based on US coverage. Looks like you’re in Canada. You should look into what your options are by getting quotes from 2-3 different companies. That way you’ll know if your quote is reasonable. Just know you get what you pay for. If you go with a cheap company, know they’re only cheaper because they don’t pay claims.

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V25V · 20 March 2018, 12:52 PM

Yes.

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You · 20 March 2018, 12:53 PM

Yes get it insured it’s best to be safe

Zedder · 20 March 2018, 01:03 PM

Way too high! I’m in the GTA and pay $560 for $70k...

SamLovesWatches · 20 March 2018, 01:10 PM

Think about it. You insure your car, right? What's your car worth and what are you paying per year? Now consider that your watch is around $10K. The question is: Why WOULDN'T you insure something that costs $10K and that's easier to lose/get stolen/robbed than a car?

Jerodp716 · 20 March 2018, 01:14 PM

I pay $100 annually. Well worth the peace of mind.

vinny84 · 20 March 2018, 01:16 PM

I also vote to insure.

I have my BLNR insured through State Farm. $87/year, fully insured if broken, stolen or lost. Also, my agent told me this policy will increase in value each year as it appreciates. This was a no brainer to me. :)

DoctorA · 20 March 2018, 01:18 PM

Get a good safe and call it a day :)

Swashplate · 20 March 2018, 01:24 PM

Insure. For piece of mind at the minimum.

Or the general rule for insurance from watches to Helicopters is the following. If you could buy one again without a second thought then self insure. If cutting that check would be very painful or not possible then insure. (Former Aviation Broker)

drmizzou · 20 March 2018, 01:35 PM

Shop around for different prices but definitely insure. Will bring a lot of piece of mind!

brucethemanlee · 20 March 2018, 01:44 PM

on average my watch insurance is about $1 insurance cost for every $100 of value.

gullabaa · 20 March 2018, 04:21 PM

I think USAA is only available for military members and families.

20 March 2018, 10:59 AM	#1
gtdoeslife "TRF" Member Join Date: Dec 2016 Location: Canada Watch: SubC Posts: 47	To insure or not to insure... I've been quoted 270$+tx per year to insure my SubC date for full replacement value. I'm hesitating to insure it, or not. That is a very hefty price for only 1 watch... I always have my sub on my wrist, even when I go at the gym. Talking about gym, I went there this afternoon and while riding the bike somebody started using the bike on my left and really started staring at my watch. At this moment I thought again hmmm maybe I should get it insured... I don't want to have to fight for a watch I know that this has been talked about many many times here on TRF. What's your input on this? Keep in mind that I always have my watch on, while working, training, going out with friends, etc... Thanks in advance

20 March 2018, 11:08 AM	#8
vman "TRF" Member Join Date: Dec 2007 Real Name: Capt Swerve Location: North Carolina Watch: less TV Posts: 2,224	My insurance is so dirt cheap and covers so many options that I'd be fool not to take it. __________________ Collector and buyer of Lange, VC, Patek \| 2 FA Enabled

20 March 2018, 11:09 AM	#9
cop414 TRF Moderator & 2024 DATE-JUST41 Patron Join Date: Apr 2012 Real Name: Tim Location: Pennsylvania Watch: 14060M Posts: 71,824	Yes, insure it. __________________ Rolex Submariner 14060M Omega Seamaster 2254.50 DOXA Professional 1200T Card carrying member of TRF's Global Association of Retro-Grouch-Curmudgeons TRF's "After Dark" Bar & NightClub Patron P Club Member #17 2 FA ENABLED

20 March 2018, 01:18 PM	#26
DoctorA "TRF" Member Join Date: Oct 2017 Location: USA Posts: 6,523	Get a good safe and call it a day :) __________________ Wear the watch you like, not the one they tell you to wear!

20 March 2018, 01:35 PM	#28
drmizzou "TRF" Member Join Date: Apr 2016 Real Name: Enthusiast! Location: Midwest Watch: Collector! Posts: 1,761	Shop around for different prices but definitely insure. Will bring a lot of piece of mind! __________________ HULK BLNR YG Daytona 116515 Pepsi GMT 126710BLRO White DaytonaC 116500 Omega Seamaster 50th Anniv Bond OHMSS Omega Seamaster Bond titanium

20 March 2018, 11:01 AM	#2
GreatScott "TRF" Member Join Date: Jan 2018 Location: In a house Posts: 835	Yes, do it. Skip the Starbucks and get the insurance.

20 March 2018, 11:01 AM	#3
pilotjim "TRF" Member Join Date: Dec 2017 Real Name: Jim Location: Mass Watch: BLNR Posts: 439	I got a quote for 252 for two watches; a BLNR and a Hulk. I thought it was pricey too, but I might do it. It would be better than jacking up my homeowner rates.

20 March 2018, 11:02 AM	#4
al503 "TRF" Member Join Date: Aug 2008 Location: Oregon Watch: DD40, SD43 Posts: 367	That's a lot, IMO. Have you shopped around at all?

20 March 2018, 11:04 AM	#5
Roger Lococco "TRF" Member Join Date: Feb 2018 Real Name: Roger Lococco Location: Asia Watch: 126719BLRO Pepsi Posts: 2,844	Seems very, very high. I have over $150k insured for about $600 a year with USAA.

20 March 2018, 11:05 AM	#6
dynafrom "TRF" Member Join Date: Mar 2016 Location: Canada Posts: 6	Are you insuring with TD Meloche by any chance?

20 March 2018, 11:12 AM	#10
Onlytime "TRF" Member Join Date: Jan 2018 Location: Midwest Watch: ...it fly Posts: 28	I added my BLRO and DeepBlue to my homeowners policy for $30 per month...

20 March 2018, 11:15 AM	#11
Arthur Daley "TRF" Member Join Date: Dec 2005 Location: USA Posts: 300	I called my home insurance company the other day - think the quote was something like $450 for insured value up to $150K (which is certainly more than my watches are worth!). Didn't bite yet - but may. Full disclosure: where the watches are stored is a big factor in a premium (safe, type of safe etc,)

20 March 2018, 11:46 AM	#12
yhzdude 2024 ROLEX DATEJUST41 Pledge Member Join Date: Aug 2017 Location: Nat E FL370 0.82 Posts: 712	$250 for a piece of mind...less than $25 a month..that s peanut money. skip 1 Starbucks a week and you will be ahead, if you drop the watch, get mugged etc... $ 25 a month is nothing. insure it and enjoy it. Someone point a knife or gun at you just give him the watch and go buy a new one.

20 March 2018, 11:49 AM	#14
sco "TRF" Member Join Date: Dec 2013 Location: Chicago Watch: Subc AT 8500 CSO Posts: 3,646	Even though that is much higher than what I pay in the US, if you are considering it, do it!

20 March 2018, 11:51 AM	#15
Matteo E "TRF" Member Join Date: Sep 2017 Posts: 358	I got my DJII 116334 insured through Jewelers Mutual for $100 flat annually with 8K replacement value.

20 March 2018, 11:52 AM	#16
Big Tone "TRF" Member Join Date: Sep 2012 Location: Chicagoland Area Watch: Rolex Datejust II Posts: 76	FYI most insurance companies have minimum coverage they charge to protect valuables. With that said, $13/mo isn’t a lot to insure your watch. Assuming there’s no deductible, that is. Keep in mind you should be able to add items to your personal articles policy, the addition of those items will not be at the same rate as what you’re paying to protect tour watch. If you’re married, add you and your wife’s wedding bands, her other expensive jewelry, etc. what you’ll find is the per item cost of protection will go down. Sent from my iPhone using Tapatalk

20 March 2018, 12:02 PM	#17
GeezyAF "TRF" Member Join Date: Mar 2018 Real Name: Mark Location: Detroit Watch: es and sneakers Posts: 58	Definitely expensive, but I'm unsure how it is in Canada. Adding my SubC as a rider to my homeowner's insurance only costs me $66/yr and no deductible. You should absolutely insure it.

20 March 2018, 12:08 PM	#18
Douglas9700 2024 Pledge Member Join Date: Dec 2016 Real Name: Greg Location: SO CA Watch: Subs Posts: 307	My Sub C is around $110 or so with J.M., and home owners quoted approx $2 per thousand (about $170). I agree it’s worth it for the peace of mind.

20 March 2018, 12:13 PM	#19
Big Tone "TRF" Member Join Date: Sep 2012 Location: Chicagoland Area Watch: Rolex Datejust II Posts: 76	My info is based on US coverage. Looks like you’re in Canada. You should look into what your options are by getting quotes from 2-3 different companies. That way you’ll know if your quote is reasonable. Just know you get what you pay for. If you go with a cheap company, know they’re only cheaper because they don’t pay claims. Sent from my iPhone using Tapatalk

20 March 2018, 12:52 PM	#20
V25V 2024 Pledge Member Join Date: Feb 2017 Location: USA Posts: 4,340	Yes. Sent from my iPhone using Tapatalk

20 March 2018, 12:53 PM	#21
You "TRF" Member Join Date: Jul 2016 Location: Beverly Hills, CA Watch: Platinum Daytona Posts: 785	Yes get it insured it’s best to be safe

20 March 2018, 01:03 PM	#22
Zedder "TRF" Member Join Date: Dec 2017 Location: Toronto Posts: 108	Way too high! I’m in the GTA and pay $560 for $70k...

20 March 2018, 01:10 PM	#23
SamLovesWatches "TRF" Member Join Date: Mar 2018 Location: USA Posts: 40	Think about it. You insure your car, right? What's your car worth and what are you paying per year? Now consider that your watch is around $10K. The question is: Why WOULDN'T you insure something that costs $10K and that's easier to lose/get stolen/robbed than a car?

20 March 2018, 01:14 PM	#24
Jerodp716 "TRF" Member Join Date: Sep 2015 Location: LA Posts: 427	I pay $100 annually. Well worth the peace of mind.

20 March 2018, 01:16 PM	#25
vinny84 2024 Pledge Member Join Date: Jun 2017 Location: USA Posts: 716	I also vote to insure. I have my BLNR insured through State Farm. $87/year, fully insured if broken, stolen or lost. Also, my agent told me this policy will increase in value each year as it appreciates. This was a no brainer to me. :)

20 March 2018, 01:24 PM	#27
Swashplate 2024 ROLEX DATEJUST41 Pledge Member Join Date: Jan 2017 Real Name: James Location: Seattle/Italy Posts: 657	Insure. For piece of mind at the minimum. Or the general rule for insurance from watches to Helicopters is the following. If you could buy one again without a second thought then self insure. If cutting that check would be very painful or not possible then insure. (Former Aviation Broker)

20 March 2018, 01:44 PM	#29
brucethemanlee "TRF" Member Join Date: Apr 2016 Location: 1 of 13 Colonies Posts: 8,490	on average my watch insurance is about $1 insurance cost for every $100 of value.

20 March 2018, 04:21 PM	#30
gullabaa "TRF" Member Join Date: Feb 2018 Real Name: Al G. Location: Washington Watch: Rolex Sub 168000 Posts: 24	I think USAA is only available for military members and families.

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