Appraisal service

[singaporepatek]

I need to get my 5905P appraised for my insurance company because they won’t accept only the invoice/receipt of when I bought it. Are there any appraisal companies where I can obtain an appraisal online without having to send my watch in somewhere?

[Tools]

I can't imagine a legitimate insurance company what won't accept a proof-of-purchase for a known model, but will accept an unseen on-line "appraisal".

[Fat_ninja]

The AD that sold you the watch should have and can write you a valuation. Small AD’s do it big AD’s do it.

[golfski]

Originally Posted by Fat_ninja

The AD that sold you the watch should have and can write you a valuation. Small AD’s do it big AD’s do it.

Definitely this...I bought my 5524 from another TRF member and my insurance would not accept any import paperwork or invoice from the private sale, so my AD did an appraisal. They did need to see the watch and COO though, detailed pictures were part of the appraisal. It appraises for MSRP, if you couldn’t guess :)

I will note that originally they said they didn’t do them for watches they didn’t sell, but did me a favor and did it anyways.

[Jonbut76]

It’s insured for replacement value right? As this is a current model surely you can just refer them to the Patek official website which has the RRP and provides an independent source for value? I mean that is the be all and end all source! Feels a little strange that they’re making you do this.


https://www.patek.com/en/collection/...ions/5905P-010

Insuring my 5712/1A was very simple and I just sent them the invoice. If something did happen though, dunno how easy it would be for my AD to get me a new one. I guess insuring it at the market price would be a no go!

[Russell996]

Originally Posted by Jonbut76

I guess insuring it at the market price would be a no go!

You can insure for what you like - tell them what you require and pay the premium.

If the piece can't be obtained again new via an AD in a reasonable time period then the BNIB grey price is absolutely an option.

[Jonbut76]

Originally Posted by Russell996

You can insure for what you like - tell them what you require and pay the premium.

If the piece can't be obtained again new via an AD in a reasonable time period then the BNIB grey price is absolutely an option.

Thanks for the advice! Will consider this for sure....

[RHIII]

Originally Posted by Fat_ninja

The AD that sold you the watch should have and can write you a valuation. Small AD’s do it big AD’s do it.

^^^^this

However - as stated above - I’ve never heard of a mainstream insurance company or underwriter not accepting a proof of purchase (receipt) as enough.


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[singaporepatek]

Local appraiser I found wants $250 to appraise. Sounds high

[Fat_ninja]

Originally Posted by singaporepatek

Local appraiser I found wants $250 to appraise. Sounds high

Sounds ok. Maybe $100 too high

[Mr Naultilus]

Your AD should do it for free

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[Fat_ninja]

Originally Posted by Mr Naultilus

Your AD should do it for free

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I said that Mr Fat_hands

[Mr Naultilus]

Originally Posted by Fat_ninja

I said that Mr Fat_hands

Pulled a tendon in my wrist so can't handle the weight atm

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[Fat_ninja]

Originally Posted by Mr Naultilus

Pulled a tendon in my wrist so can't handle the weight atm

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I don’t know if you know but gold is worth more than platinum in real life.

[locutus49]

A polarity reversal. Soon SS will be worth more than gold or platinum.

Originally Posted by Fat_ninja

I don’t know if you know but gold is worth more than platinum in real life.

[Mr Naultilus]

Originally Posted by Fat_ninja

I don’t know if you know but gold is worth more than platinum in real life.

If we were playing poker i'd stick

[Fat_ninja]

Originally Posted by Mr Naultilus

If we were playing poker i'd stick

I’m really good at poker buddy