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Old 7 April 2018, 11:33 PM   #1
redfoxer
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UK Rolex/Watch insurance

Hi TRFers,

I was hoping to seek thoughts from those in the UK (as I am UK based) about watch insurance.

How do you insure your watches? Do you cover individually or multiwatch insure? I know people use their home insurance to cover their watches as an option.

What if you don't have home insurance or rent?

How about for travel (both business and pleasure)?

Where can I best read about my options and costs?

Many thanks in advance!
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Old 7 April 2018, 11:40 PM   #2
Simon040289
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Iím insured via TH March and have multiple watches on my policy but they are certainly not the cheapest
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Old 8 April 2018, 02:11 AM   #3
Smokey.Bubbles
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I live in the UK and added mine onto my Hastings house insurance.

£28 increase to cover my Lvc purchase price of £6600 both inside and outside the home.

Cannot argue with that!
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Old 8 April 2018, 02:13 AM   #4
Smokey.Bubbles
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Sorry, cannot help if this is not an option but hopefully useful for other UK members with house insurance
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Old 8 April 2018, 02:31 AM   #5
GMT Aviator
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Whilst we’re on the subject, does anyone insure multiple watches?
Having a large collection they are all kept in a very good safe with only one ever out at a time.
I’m after a policy that will insure all of them, so long as only one is being worn at any given time. Any suggestions?
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Old 8 April 2018, 02:39 AM   #6
fleabag
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Have my 4 on my house insurance, :-
£18k
£12.5k x 2
£10.5 k
Kept in insurance approved safe , costs @£90 a year for the four , for world wide cover , accidental damage, theft ect ..



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Old 8 April 2018, 02:54 AM   #7
Russell996
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Quote:
Originally Posted by fleabag View Post
Have my 4 on my house insurance, :-
£18k
£12.5k x 2
£10.5 k
Kept in insurance approved safe , costs @£90 a year for the four , for world wide cover , accidental damage, theft ect ..



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£90 for £53.5k of cover? Wow!
That is 0.0017% of value to insure for full world wide cover.
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Old 8 April 2018, 03:32 AM   #8
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jewelry mutual
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Old 8 April 2018, 04:00 AM   #9
tyler1980
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Quote:
Originally Posted by Russell996 View Post
£90 for £53.5k of cover? Wow!
That is 0.0017% of value to insure for full world wide cover.
For reference, TH march is almost £1000 per year for a 5524G which is much less than the £53.5 of cover... no thanks.
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Old 8 April 2018, 04:35 AM   #10
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I pay £1,100 for house and contents with watch collection up to £100k
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Old 8 April 2018, 05:36 AM   #11
cdbeaver66
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Quote:
Originally Posted by fleabag View Post
Have my 4 on my house insurance, :-
£18k
£12.5k x 2
£10.5 k
Kept in insurance approved safe , costs @£90 a year for the four , for world wide cover , accidental damage, theft ect ..



Sent from my iPhone using Tapatalk
Who is your house insurance with? My insurance is up for renewal soon and want to add my watches to it.
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Old 8 April 2018, 05:47 AM   #12
Macnavara
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Try ripe insurance....good 1st year discount.
Th march quoted me £700 for an everose daytona and ripe quoted £300 for same watch

Last edited by Macnavara; 8 April 2018 at 05:48 AM.. Reason: Spelling error
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Old 8 April 2018, 05:53 AM   #13
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Quote:
Originally Posted by GMT Aviator View Post
Whilst we’re on the subject, does anyone insure multiple watches?
Having a large collection they are all kept in a very good safe with only one ever out at a time.
I’m after a policy that will insure all of them, so long as only one is being worn at any given time. Any suggestions?

I insure my house and contents through Hiscox and they insure my watches both worn and, any over £15k, are covered even if not worn so long as specified and stored in a secure safe approved by them. They are the only company who would insure my PT DD40.
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Old 8 April 2018, 06:09 AM   #14
Kevan
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My home insurance premium in the UK is rather high in my opinion, but extremely good value, with seven Rolex and some sizeable jewellery valuations... they said that they would not cover me normally, however, I have gradually added watches etc as I have acquired them. esure of all those out there, first rate!
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Old 8 April 2018, 06:23 AM   #15
kingofthehill
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Quote:
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I pay £1,100 for house and contents with watch collection up to £100k
With whom, Sam?
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Old 8 April 2018, 07:16 AM   #16
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I am with AXA for the home insurance, they do a few options but look at their top line option, I think it is called Homesafe. You can fill in an online form with house details, number of bedrooms etc, postcode, then on the option for values away from home you can alter it to any figure you like, I think mine is something like total value away from home is say £50000 with a limit of £15000 per item.
I cut my insurance costs by about 60% and am only paying about £340 for building, contents and valuables/watches etc.
Well worth a look, I actually found out about it from another forum chap. I did already have some of my vehicles insured with them already anyway.
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Old 8 April 2018, 07:20 AM   #17
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With whom, Sam?
I use Lark
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Old 8 April 2018, 08:01 AM   #18
Zakalwe
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Quote:
Originally Posted by fleabag View Post
Have my 4 on my house insurance, :-
£18k
£12.5k x 2
£10.5 k
Kept in insurance approved safe , costs @£90 a year for the four , for world wide cover , accidental damage, theft ect ..



Sent from my iPhone using Tapatalk
Err surely you ought to be telling us who that stellar level of cover is with?!

Iíve got £50k worth of watches/jewellery and unlimited home contents insurance with Hiscox for £600. That includes worldwide cover and no requirement for valuation for any piece < £15k. Unlimited contents cover in my postcode without the valuables would be circa £200 p/a so roughly £400 for £50k valuables p/a.
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Old 8 April 2018, 04:33 PM   #19
Soultime
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I switched insurer to Aviva, as the previous insurer (Sainsbury's) would not cover us when I got the wife her mid size YM.
We already had my BLNR and her engagement ring as specified items.....but there was an overall maximum limit for specified items and the extra Rolex surpassed it.

So, we switched to Aviva who took all 3 as specified items no problem, for a reasonable additional premium.
It was actually cheaper than the previous cover with Sainsburys iirc.
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Old 8 April 2018, 04:38 PM   #20
Flier
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In Cyprus they want a safe for
Theft protection
Idiots
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Old 8 April 2018, 04:49 PM   #21
tyler1980
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Quote:
Originally Posted by Flier View Post
In Cyprus they want a safe for
Theft protection
Idiots
same as most uk insurance.

The ridiculous part was once i had one rolex insured with them and i had no safe requirement and then added a second watch and they added the safe requirement for both watches because one of them was above the limit which triggers having a safe. The same Rolex now had to be in a safe where it previously didn't to be covered if i was not wearing it and the premium on that watch didn't go down. Its ridiculous because their risk went down as previously i could have left it in the front window for all the people walking by to see and steal.
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Old 8 April 2018, 05:23 PM   #22
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Old 8 April 2018, 05:31 PM   #23
Seibei
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Quote:
Originally Posted by redfoxer View Post
How do you insure your watches? Do you cover individually or multiwatch insure? I know people use their home insurance to cover their watches as an option.

What if you don't have home insurance or rent?

How about for travel (both business and pleasure)?

Where can I best read about my options and costs?

Many thanks in advance!
For travel just be careful where you flash your watch. Otherwise just use home insurance.

Just like for everything else, balance the cost benefit. If the insurance is cheap, then why not. If the insurance rate is high, then I don't really see the point. Just look after your watch and take basic precautions.
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Old 8 April 2018, 07:07 PM   #24
peterskinner
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I don't bother; for me watches are a luxury . If I didn't have them, life would go on as normal. A lot of insurance hides behind endless 'conditions' when you try to collect.
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Old 8 April 2018, 07:17 PM   #25
Time666
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My previous insurer wouldn’t cover me having added a new piece this year, so they suggested I try a high net worth insurance comparison site.

So covered 48k watches (5no) for £380 p/a inside and away from home. Also able to detail model and serial numbers for all.

Worth taking a look.
https://www.money.co.uk/home-insuran...-insurance.htm
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Old 8 April 2018, 07:25 PM   #26
tyler1980
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I don't bother; for me watches are a luxury . If I didn't have them, life would go on as normal. A lot of insurance hides behind endless 'conditions' when you try to collect.
so is life, but mine is insured and not a term policy either
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Old 8 April 2018, 08:14 PM   #27
ARTISAN
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Quote:
Originally Posted by peterskinner View Post
I don't bother; for me watches are a luxury . If I didn't have them, life would go on as normal. A lot of insurance hides behind endless 'conditions' when you try to collect.
I am the same,,,, I don't bother now ........have alarm and large safe.
to many conditions 8 watches and wife's rings etc.
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Old 8 April 2018, 08:19 PM   #28
Angelis
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Iím about to insure my watches with Ripe Insurance.

Never dealt with them before but they were substantially cheaper than a couple of other companies I got quotes from.

https://www.ripeinsurance.co.uk/valu...tch-insurance/
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Old 8 April 2018, 08:27 PM   #29
lee fowler
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I would recommend TH March, they do the whole package, house, contents including the watches.
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Old 8 April 2018, 10:49 PM   #30
RolexJames
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Cheapest option I could find for good cover was adding specified items on to a Halifax home insurance policy.
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