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CarChar2019 · 12 April 2019, 11:14 PM

Good Morning,

I've just join this Forum. Thanks for all the thread informations.

I would like your feedback and opinions about watch insurance and tune-up maintenance.

When I brought my $ 40,000 Oyster Perpetual Day Date in 2004, I brought insurance through my home jewellery coverage. It cost $ 350/year just for the watch. My main concern was theft. I cancelled it after 4 years as I only wear my watch during the daytime or at special night events. I'm currently 57 yrs old so I don't go clubbing. I basically work and stay at home with my family.

Do others have insurance coverage ?

Regarding tune-up and maintenance, I brought my watch twice to the head office on St. Clair Ave. Each time, it cost $ 750 for the technician to open the watch, take apart and add lubricants.

How often do you bring your watch in and what's your opinion on maintenance ?

Thanks in advance for your feedback.

beshannon · 12 April 2019, 11:20 PM

My watches are insured and they are serviced when they no longer perform correctly

Camel · 12 April 2019, 11:25 PM

I live in South Africa and all my watches are insured. I service my watches when I start noticing time keeping issues.

Maiden · 12 April 2019, 11:27 PM

Quote:

Originally Posted by beshannon

My watches are insured and they are serviced when they no longer perform correctly

Same here.

4BostonB · 12 April 2019, 11:33 PM

The value proposition of insurance is pretty simple - I'm sure you're in a position to do the math. If you don't feel that it's at risk and you don't mind dropping $40-50k on a new one if something happens, then don't. But just consider... if your home gets burgled or your cleaning person grabs it or your house catches on fire or someone slips it off your wrist or robs you on the street, then you're out that money. Kind of a no brainer for me even though my GMT costs 20% of your DD.

Get the watch serviced every 5-7 years or when it stops working properly - whichever comes first.

bobernet · 13 April 2019, 02:36 AM

We have a jewelry rider that covers everything, including damage.

If I was only insuring a single watch, I’d probably opt not to do so.

I service watches when rate/amplitude starts to suffer.

RC999 · 13 April 2019, 03:12 AM

Can I ask do people in the UK usually just add way he’s to their house insurance or use someone else? Sorry for hijacking your thread:)

12 April 2019, 11:14 PM	#1
CarChar2019 "TRF" Member Join Date: Apr 2019 Location: Markham Watch: Rolex Oyster PDD Posts: 1	Insurance & Tune Up Good Morning, I've just join this Forum. Thanks for all the thread informations. I would like your feedback and opinions about watch insurance and tune-up maintenance. When I brought my $ 40,000 Oyster Perpetual Day Date in 2004, I brought insurance through my home jewellery coverage. It cost $ 350/year just for the watch. My main concern was theft. I cancelled it after 4 years as I only wear my watch during the daytime or at special night events. I'm currently 57 yrs old so I don't go clubbing. I basically work and stay at home with my family. Do others have insurance coverage ? Regarding tune-up and maintenance, I brought my watch twice to the head office on St. Clair Ave. Each time, it cost $ 750 for the technician to open the watch, take apart and add lubricants. How often do you bring your watch in and what's your opinion on maintenance ? Thanks in advance for your feedback.

12 April 2019, 11:20 PM	#2
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,892	My watches are insured and they are serviced when they no longer perform correctly __________________ Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Breitling Superocean Steelfish, JLC Atmos Transparent

12 April 2019, 11:25 PM	#3
Camel "TRF" Member Join Date: Sep 2012 Real Name: Willem Location: Pretoria RSA Watch: ROLEXROLEXROLEX Posts: 1,072	I live in South Africa and all my watches are insured. I service my watches when I start noticing time keeping issues. __________________ Rolex Datejust II WG/SS Blue 116334 "8368xxxx" Rolex Sea-Dweller SD43 126600 "94A6xxxx" Rolex Deepsea Sea-Dweller 116660 "V84xxxx" Rolex Deepsea D-Blue Horizon 116660 "3170xxxx" Rolex Explorer II Polar 16570 "T20xxxx" Rolex Explorer II Black 216570 "G53xxxx" Rolex GMT-Master II 16710 "P32xxxx" Rolex GMT-Master II Ceramic 116710LN "V97xxxx" Rolex Submariner 16610 "Z61xxxx" Rolex Submariner Ceramic 116610LN "G79xxxx"

12 April 2019, 11:33 PM	#5
4BostonB "TRF" Member Join Date: Mar 2018 Location: Boston Watch: 116710LN Posts: 196	The value proposition of insurance is pretty simple - I'm sure you're in a position to do the math. If you don't feel that it's at risk and you don't mind dropping $40-50k on a new one if something happens, then don't. But just consider... if your home gets burgled or your cleaning person grabs it or your house catches on fire or someone slips it off your wrist or robs you on the street, then you're out that money. Kind of a no brainer for me even though my GMT costs 20% of your DD. Get the watch serviced every 5-7 years or when it stops working properly - whichever comes first.

13 April 2019, 02:36 AM	#6
bobernet "TRF" Member Join Date: Dec 2009 Real Name: Bob Location: Mountains Watch: ALS, AP, PP, Rolex Posts: 2,900	We have a jewelry rider that covers everything, including damage. If I was only insuring a single watch, I’d probably opt not to do so. I service watches when rate/amplitude starts to suffer.

13 April 2019, 03:12 AM	#7
RC999 "TRF" Member Join Date: Aug 2018 Location: UK Watch: SkyD blue Posts: 70	Can I ask do people in the UK usually just add way he’s to their house insurance or use someone else? Sorry for hijacking your thread:)

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