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7 February 2021, 04:06 PM | #1 |
2024 Pledge Member
Join Date: Sep 2013
Real Name: Danny
Location: Bay Area CA
Watch: Yellow Gold
Posts: 20,138
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Does anyone have Hodinkee insurance yet?
So I just got a quote for Hodinkee insurance and was pretty reasonable for about 9 Rolex and 2 APs. I have not had insurance for over a year. I canceled Jewelers mutual after one of my friends was not paid for his watch after a claim was made.
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7 February 2021, 04:29 PM | #2 |
"TRF" Member
Join Date: Jan 2018
Location: USA
Posts: 2,648
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Would love to hear more about your friend not getting paid with JM
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7 February 2021, 04:44 PM | #3 |
2024 Pledge Member
Join Date: Sep 2013
Real Name: Danny
Location: Bay Area CA
Watch: Yellow Gold
Posts: 20,138
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He had a 40k piece stolen. Everything was on Ring camera still found away to not pay him. He is taking Jm to court. Read all the bad reviews. Insurance is always good until its time to pay a claim. They also asked to see all his bank statements for 1 year lol
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7 February 2021, 04:56 PM | #4 |
2024 Pledge Member
Join Date: Nov 2007
Location: San Francisco, CA
Watch: Date & No Date
Posts: 10,842
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I’d stick to mainstream honestly.
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"You might as well question why we breathe. If we stop breathing, we'll die. If we stop fighting our enemies, the world will die." Paul Henreid as Victor Laszlo in Casablanca |
7 February 2021, 05:04 PM | #5 |
"TRF" Member
Join Date: Jun 2013
Location: TX
Watch: Daytona
Posts: 3,222
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What was JM's argument to not pay?
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13 February 2021, 10:49 PM | #6 |
"TRF" Member
Join Date: Apr 2020
Location: FL
Posts: 144
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I have it but did not claim anything yet. I like that it was easy to set up, no appraisal needed for my modest collection, it is underwritten by Chubb, and that they pay agreed value.
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14 February 2021, 02:51 AM | #7 |
2024 Pledge Member
Join Date: Dec 2011
Real Name: Wes
Location: California
Watch: Varies
Posts: 1,318
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Just out of curiosity, what was the quoted permium per $1K of insurance? I'm at $5.95 per $1K of insured value per year through State Farm. Curious if it's worthwhile looking.
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14 February 2021, 02:59 AM | #8 |
"TRF" Member
Join Date: Aug 2016
Real Name: Jun
Location: Vancouver, BC
Watch: BLNR
Posts: 672
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Does anyone have Hodinkee insurance yet?
Where is the value base from? at what you originally paid for or gray?
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116610, 116710, 214270, Omega, Tudor, Breitling |
14 February 2021, 03:28 AM | #9 |
2024 Pledge Member
Join Date: Apr 2008
Real Name: Rommel
Location: Toronto Canada
Watch: 116710LN
Posts: 8,940
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I'm certainly excited to see more options available, so will be paying close attention.
I'm with jewelers mutual and would happily switch providers if the terms appeal / the rates are better. |
14 February 2021, 04:17 AM | #10 | |
"TRF" Member
Join Date: Mar 2019
Location: Texas
Posts: 80
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Quote:
Hodinkee is around $21 per 1k according to their website: https://insurance.hodinkee.com/ |
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14 February 2021, 04:23 AM | #11 |
2024 Pledge Member
Join Date: Oct 2017
Location: nyc
Posts: 6,285
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got some quotes recently on hodinkee and they were ridiculous. $1000 to insure an AP at $25000, $800 for $20000. on JM that watch is sitting at $300 for $20000 right now but i have to get it appraised and update the value some time soon
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14 February 2021, 04:36 AM | #12 | |
2024 Pledge Member
Join Date: Dec 2011
Real Name: Wes
Location: California
Watch: Varies
Posts: 1,318
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Quote:
When I had my only claim (a stolen watch), it was seamless, smooth and, contrary to what people have said, it didn’t make my rates go up or get me cancelled. |
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14 February 2021, 04:56 AM | #13 | |
Banned
Join Date: Dec 2018
Location: DFW, TX
Posts: 2,149
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Quote:
State Farm is charging me 1.2% on all my pieces except my DD40 (1.8%). Will stay with State Farm in the meantime. |
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14 February 2021, 06:05 AM | #14 |
2024 Pledge Member
Join Date: Aug 2010
Location: .
Watch: on my wrist
Posts: 1,938
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I started a Hodinkee policy for a few of my watches. I also still have a JM policy. Hodinkee is 1.2% vs. 1.5% with JM.
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14 February 2021, 07:40 AM | #15 |
"TRF" Member
Join Date: Jul 2013
Real Name: J.R.
Location: Texas
Posts: 773
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For everyone who has responded thus far, have you all gone with $0 deductibles? Or something else?
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14 February 2021, 08:54 AM | #16 | |
2024 Pledge Member
Join Date: Oct 2017
Location: nyc
Posts: 6,285
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Quote:
for sure related to zip codes, just weird that it's such a big discrepancy |
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14 February 2021, 10:49 AM | #17 |
Banned
Join Date: Dec 2019
Location: USA
Posts: 65
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Didn't see this thread before I made similar. Crazy about the claim denial.
I insured 4 rolex watches in about as many minutes this morning on hodinkee. I pay 2.0% with a vegas zip code. Pretty happy with the very easy sign up. 2% is expensive but so is the rest of hobby. |
14 February 2021, 10:54 AM | #18 |
"TRF" Member
Join Date: Apr 2020
Location: FL
Posts: 144
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14 February 2021, 10:55 AM | #19 |
"TRF" Member
Join Date: Jun 2015
Location: Bay Area
Posts: 495
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I got an insurance quote with State Farm for my dad’s new Sub. It’s $60 a year to insure it at purchase price of $10K. Really cheap vs JM and others and covers pretty much any scenarios we can think of. $0 deductible.
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