ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
20 March 2018, 09:34 PM | #31 |
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Real Name: nicholas
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I am in Canada and that is way to much for that watch. I pay around 1% of the value of the watch per year. So for that watch you own, it should be anywhere from 100-130/month.
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20 March 2018, 09:49 PM | #32 |
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Join Date: Jan 2018
Location: Toronto
Watch: GMT BLNR
Posts: 6
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Just insured my new BLNR for full replacement. JMutual did it.
$140.00 per year Canadian. Good peace of mind. |
20 March 2018, 09:52 PM | #33 | |
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Location: Charlotte
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Quote:
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20 March 2018, 09:55 PM | #34 |
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Real Name: Mike
Location: Eastern Shore, MD
Watch: my money leaving!
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I pay 1% of it's value per year as an addendum to my homeowner's policy. That price is very high. But you should absolutely insure it
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20 March 2018, 10:10 PM | #35 |
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Join Date: Dec 2017
Location: Chicago
Watch: Polar 42
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This is true, but if you have anyone in your family that has served at any time now or in the past, you should be able to get in. They are a great American company. I can not say enough about them. I have our jewelry with them as well. Do know how much our policy is LOL, ill check, better late than never.......
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20 March 2018, 10:14 PM | #36 |
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Real Name: Larry
Location: Finger Lakes
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That's a lot less money than my three dogs!
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20 March 2018, 10:24 PM | #37 |
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Real Name: Josh
Location: Lost in time
Watch: Me Nae Nae
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I insure all mine. I bought at separate policy from my home owners. I just didn’t want them on there. I use jewelers mutual. It’s about 1.25% of the insures value. Zero deductible. Literally covers just about everything.
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"Sometimes the songs that we hear are just songs of our own." -Jerome J. Garcia, Robert C. Hunter |
20 March 2018, 10:32 PM | #38 |
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Location: USA
Watch: All Rolex
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Probably someone just admiring your watch at the gym. Insurance in general isn't a bad idea though
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20 March 2018, 10:37 PM | #39 |
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Real Name: Ken
Location: WI
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The peace of mind is worth it, but I’d shop around for a better rate.
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I have far too many expensive hobbies to even consider another one. |
20 March 2018, 10:51 PM | #40 |
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Real Name: MJC
Location: PHL USA
Watch: IWC, Rolex, AP
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Yes, insure, but find a better price
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20 March 2018, 11:01 PM | #41 |
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Canadian rates tend to be higher than the US. That said, that sounds too high.
Personally, I'm with TD Meloche Monnex under their Platinum Plus plan. They offer blanket coverage on jewellery and watches up to $50,000, and the additional for that upgraded feature worked out to about 0.5%/year assuming the full $50,000 was insured. |
20 March 2018, 11:17 PM | #42 |
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I live in Panama and I have recently quoted to insure specific pieces as or house general insurance only covers up to 3,000$ in house and up to 1,000$ outside, the quote that I have received for insuring specific watches with a total worth of 80,000$ is 3,200$/year :-( . It seems that or we are living in a very dangerous country (I do not have that feeling) or there is a lot of fraud with this insurance (maybe) or that insurance companies really have a huge margin on this (probably).
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20 March 2018, 11:20 PM | #43 |
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Watch: All
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Considering I lost mine and had it replaced by insurance, no brained for me to insure all our watches in my household.
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Rolex 228235 DD40 Olive, 126710BLRO, 116710BLNR, 116613LB, 116500LN White, 126610LN, 116500LN Black, 126610LV, 116610LV Breitling Navitimer 01, Cartier Santos Large |
20 March 2018, 11:41 PM | #44 |
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Im insuring a few things within the next week. 2 watches for myself, and 2 rings and watch for the wife and even though homeowners is a bit cheaper I am doing it through JM instead. Friend of mine is an agent with Allstate and recommended it this way. If making a claim in future for anything this way it does not reflect on your homeowners. NY insurance carriers love the high premiums and look for ways to make them even higher or a reason to drop you.
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20 March 2018, 11:55 PM | #45 | |
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Quote:
He could very well add the floaters for you and make extra money off the extra premium but he gave you sound advice. Best to keep that jewelry insured separately. A claim on it will not impact what is already a volatile homeowner insurance market, just about all over the country.
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Rolex 228235 DD40 Olive, 126710BLRO, 116710BLNR, 116613LB, 116500LN White, 126610LN, 116500LN Black, 126610LV, 116610LV Breitling Navitimer 01, Cartier Santos Large |
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20 March 2018, 11:55 PM | #46 |
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Location: Florida
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Insure it.
I can walk down the shadiest streets in town with my shiny watch on and not give a damn. Someone takes it, nbd I get a new one. It’s worth the peace of mind. |
21 March 2018, 12:08 AM | #47 |
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Real Name: Doc
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Just make sure your policy covers mysterious dispearence.
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21 March 2018, 01:11 AM | #48 |
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No homeowner policy does. They all use a standardized form. All homeowner policies provide coverage for named perils only (fire, theft, lightning, etc.) and that is not one. Only by endorsement by adding a floater.
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Rolex 228235 DD40 Olive, 126710BLRO, 116710BLNR, 116613LB, 116500LN White, 126610LN, 116500LN Black, 126610LV, 116610LV Breitling Navitimer 01, Cartier Santos Large |
21 March 2018, 01:17 AM | #49 | |
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Real Name: Doc
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Quote:
Sent from my MHA-L29 using Tapatalk |
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21 March 2018, 01:18 AM | #50 | |
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Location: miami
Posts: 41
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Quote:
anyone other than JM insure watches? ive been having a hard time finding insurance and JM i think didn't want to insure me because of my travels |
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21 March 2018, 01:28 AM | #51 |
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Location: Minneapolis
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To piggyback on this insurance thread....
Are people generally insuring their PM Rolexes for full MSRP replacement cost or for gray/ AD discount cost? For example, insure a Platona for $75K or $55K, or a yellow gold sub for $34K or $26K? |
21 March 2018, 01:47 AM | #52 |
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I am thinking of going with Jewelry Mutual. It seems like their annual premiums are around 1.5% of the declared value of the watch. I am using the current replacement value (MSRP) of the watch or the appraised value.
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21 March 2018, 01:49 AM | #53 |
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There is also Gem Safe. I have no experience with them.
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Rolex 228235 DD40 Olive, 126710BLRO, 116710BLNR, 116613LB, 116500LN White, 126610LN, 116500LN Black, 126610LV, 116610LV Breitling Navitimer 01, Cartier Santos Large |
21 March 2018, 01:51 AM | #54 |
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Location: Leicestershire UK
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Add to homeowners insurance if you have it.
If not, or over maximum allowed, insure with a specialist. |
21 March 2018, 01:53 AM | #55 |
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Find another insurer. They are charging way too much. But still make sure to insure your watches
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21 March 2018, 01:54 AM | #56 |
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Real Name: Vince
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State Farm asks for an appraisal letter and copy of receipt from the jewelry store or shop. I’d imagine they go off of that
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21 March 2018, 01:56 AM | #57 |
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21 March 2018, 02:04 AM | #58 |
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If you are asking, you should go with your gut and insure it! Small price to pay for peace of mind. If you never give it or the price of your watch a thought, self insure.
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21 March 2018, 09:26 AM | #59 |
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Thank you everyone for your input. I insured it. For 13 bucks a month, I got a blanket coverage that covers up to 50k$ in jewels, bicycles, collections, paintings and stuff like that. 500$ deductible. I didn't have to provide an appraisal but will have to prove my loss in the event that I do a claim with them, in which case I will use the appraisal.
So I'm now covered for loss, mysterious disappearance, theft, fire, etc... Definitely buys me peace of mind ! |
21 March 2018, 10:02 AM | #60 |
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another yes
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