ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Texex · 7 April 2021, 12:48 AM

Hi all,

Like most of you I buy my watches to wear but I have a concern and I was wondering if others share it. I have no fear of damaging my watches as I wear them but what if they are stolen or just lost? I have all my discontinued watches (BLNR 116710, Hulk etc.) insured for their current value so replacing them would be a hassle but doable. As an example the Hulk is insured for 20K so I would just get my insurance check and buy it that week at a Grey dealer. My issue is with the current production watches I have. Like most of you I had to jump through some hoops and wait a while to get my Daytona and Pepsi and I am only able to insure them at MSRP because technically that is what they can be replaced for. However as we all know, if they are lost or stolen then they are essentially irreplaceable without spending more or waiting for years (again). Because of this I am hesitant to travel with them. I am also concerned of having them stolen from my home even though I have an alarm system etc. I love the hobby and don't mind building a relationship and waiting for the watches I really want. (I've been waiting on a blue SkyD for 18 months) I just don't want to wait for the same watch twice. Am I being paranoid?
Thoughts?

MattyL147 · 7 April 2021, 01:06 AM

Sounds like you should just put them in a safety deposit box and never look at them again.

Wes911 · 7 April 2021, 01:08 AM

Have you ever had a watch lost or stolen?

The likelihood of it happening is small. You can either just enjoy them or live in fear and then what is the point of even having them.

Texex · 7 April 2021, 01:08 AM

Quote:

Originally Posted by MattyL147

Sounds like you should just put them in a safety deposit box and never look at them again.

Helpful....

trippinjimmy · 7 April 2021, 01:10 AM

Are you suggesting you'll lose the watch because it's too loose?

SN13 · 7 April 2021, 01:10 AM

Tighten it.

MattyL147 · 7 April 2021, 01:10 AM

Quote:

Originally Posted by Texex

Helpful....

My other suggestion is to sell them. Seems like wearing them and having them is more stress than enjoyment.

ROLEX* · 7 April 2021, 01:10 AM

1. Maybe seeking some psychiatrists will help

ROLEX* · 7 April 2021, 01:13 AM

2. Meditate

3. Pray to the God

goliat · 7 April 2021, 01:15 AM

Insure 'em. Not enough? Get an alarm system. Not enough? Get a safe. Not enough? Well, maybe this is not the right hobby for you.

Precautionary measures can only do so much, they will just buy you peace of mind to a certain threshold. Common sense and awareness will get you much further.

Fantastic collection - try to enjoy it in good health and not stress yourself to death over it.

ROLEX* · 7 April 2021, 01:17 AM

Wear with mental wellness not madness

You carry the watch, not carried by the watch

lis · 7 April 2021, 01:19 AM

I think fears of losing, getting watches stolen are not so uncommon or unreasonable.

Check out Hodinkee watch insurance. You can insure your watches for above MSRP. (and I think the value automatically adjusts based on market value should your watch get stolen)

Also Jewellers Mutual will insure against loss.

ec00421 · 7 April 2021, 01:22 AM

can you not get the watches appraised for their market values and get them insured accordingly?

datejustrms · 7 April 2021, 01:23 AM

Just wear your watches and enjoy them. You’re going to give yourself an ulcer worrying like that.

Gab27 · 7 April 2021, 01:26 AM

I recommend a good safe for when you are not wearing them (and for other valuables, for that matter), and then wearing them without worrying too much about the what-ifs.

SaddleSC · 7 April 2021, 01:38 AM

Quote:

Originally Posted by trippinjimmy

Are you suggesting you'll lose the watch because it's too loose?

lamkinpark · 7 April 2021, 01:40 AM

Buy a new one

huncho · 7 April 2021, 01:40 AM

insure them for grey market value

Laszlo · 7 April 2021, 01:41 AM

Insurance!

Cagwolf · 7 April 2021, 01:44 AM

Insure them.

101031-28 · 7 April 2021, 01:46 AM

Quote:

Originally Posted by goliat

Insure 'em. Not enough? Get an alarm system. Not enough? Get a safe. Not enough? Well, maybe this is not the right hobby for you.

Precautionary measures can only do so much, they will just buy you peace of mind to a certain threshold. Common sense and awareness will get you much further.

Fantastic collection - try to enjoy it in good health and not stress yourself to death over it.

Sound advice. 100% agree.

Oxfordian · 7 April 2021, 01:48 AM

Quote:

Originally Posted by Texex

Hi all,

Like most of you I buy my watches to wear but I have a concern and I was wondering if others share it. I have no fear of damaging my watches as I wear them but what if they are stolen or just lost? I have all my discontinued watches (BLNR 116710, Hulk etc.) insured for their current value so replacing them would be a hassle but doable. As an example the Hulk is insured for 20K so I would just get my insurance check and buy it that week at a Grey dealer. My issue is with the current production watches I have. Like most of you I had to jump through some hoops and wait a while to get my Daytona and Pepsi and I am only able to insure them at MSRP because technically that is what they can be replaced for. However as we all know, if they are lost or stolen then they are essentially irreplaceable without spending more or waiting for years (again). Because of this I am hesitant to travel with them. I am also concerned of having them stolen from my home even though I have an alarm system etc. I love the hobby and don't mind building a relationship and waiting for the watches I really want. (I've been waiting on a blue SkyD for 18 months) I just don't want to wait for the same watch twice. Am I being paranoid?
Thoughts?

OP, to answer your question; Yes you are being paranoid.

Life is full of questions we don’t know the answer to, none of us know what is going to happen tomorrow so all you can do is take reasonable steps to protect yourself, your loved ones and your possessions. If you have done that then just get on with enjoying life, you cannot plan everything.

2nastie · 7 April 2021, 01:55 AM

Yes

franklee168 · 7 April 2021, 01:58 AM

Hodinkee insurances for up to 150% of value. I'm not worried one bit.

WestCoastS · 7 April 2021, 02:05 AM

Timex has some pieces

Aquaholic_user · 7 April 2021, 02:17 AM

People die fighting to protect whales, put a fight up for your piece or be a whale. Get insurance as well. In the unlikely event you survive, at least you'll have some dough. I'm sure they'll fight tooth and nail to give you a payout also. Enjoy your life!

Sent from my balloon knot

214270Explorer · 7 April 2021, 02:17 AM

Quote:

Originally Posted by MattyL147

My other suggestion is to sell them. Seems like wearing them and having them is more stress than enjoyment.

Sounds about right.
Worrying / stress is a killer.

breitlings · 7 April 2021, 02:26 AM

Quote:

Originally Posted by Wes911

Have you ever had a watch lost or stolen?

The likelihood of it happening is small. You can either just enjoy them or live in fear and then what is the point of even having them.

I have. An AP when I was 17. Someone else likely has it now.

DougFNJ · 7 April 2021, 02:28 AM

Keep in mind, insurance companies have more buying power than consumers.

I did have a Seamaster stolen years ago and had it covered. Had the newer version on my wrist in less than a week. State Farm Personal Articles policy.

Sent from my iPhone using Tapatalk

Nikrnic · 7 April 2021, 02:30 AM

I would think there would be an insurance company out there where you could get a stated value policy if you want to pay the premium for it.

Sent from my SM-G970U using Tapatalk

7 April 2021, 12:48 AM	#1
Texex "TRF" Member Join Date: Apr 2018 Location: Seattle Watch: Explorer II Posts: 783	If I loose my watch then what? Hi all, Like most of you I buy my watches to wear but I have a concern and I was wondering if others share it. I have no fear of damaging my watches as I wear them but what if they are stolen or just lost? I have all my discontinued watches (BLNR 116710, Hulk etc.) insured for their current value so replacing them would be a hassle but doable. As an example the Hulk is insured for 20K so I would just get my insurance check and buy it that week at a Grey dealer. My issue is with the current production watches I have. Like most of you I had to jump through some hoops and wait a while to get my Daytona and Pepsi and I am only able to insure them at MSRP because technically that is what they can be replaced for. However as we all know, if they are lost or stolen then they are essentially irreplaceable without spending more or waiting for years (again). Because of this I am hesitant to travel with them. I am also concerned of having them stolen from my home even though I have an alarm system etc. I love the hobby and don't mind building a relationship and waiting for the watches I really want. (I've been waiting on a blue SkyD for 18 months) I just don't want to wait for the same watch twice. Am I being paranoid? Thoughts? __________________ Daytona White 116500LN, GMT II BLNR, Explorer II Polar, Submariner 116610LV, GMT II BLRO, Sky Dweller Blue, GMT II VTNR, Datejust 41 Azurro, Datejust 1601.

7 April 2021, 01:10 AM	#6
SN13 "TRF" Member Join Date: May 2015 Location: Florida Posts: 1,124	Tighten it. __________________ IG@Construction_Time --- 1986 DD 18038 --- 1992 YM 16628 --- 2015 116600 SD4K --- SBDX001 MM300 --- 2009 Omega Ploprof White --- 2010 Omega LE LMPO

7 April 2021, 01:10 AM	#8
ROLEX* "TRF" Member Join Date: May 2014 Real Name: ROLEXROLEXRO Location: ROLEXROLEXROLE Watch: ROLEXROLEXROLEX Posts: 755	1. Maybe seeking some psychiatrists will help __________________ To each their own and your mileage may vary. "In the time of our life, live—so that in that wondrous time you shall not add to the misery and sorrow of the world, but shall smile to the infinite delight and mystery of it." — William Saroyan

7 April 2021, 01:13 AM	#9
ROLEX* "TRF" Member Join Date: May 2014 Real Name: ROLEXROLEXRO Location: ROLEXROLEXROLE Watch: ROLEXROLEXROLEX Posts: 755	2. Meditate 3. Pray to the God __________________ To each their own and your mileage may vary. "In the time of our life, live—so that in that wondrous time you shall not add to the misery and sorrow of the world, but shall smile to the infinite delight and mystery of it." — William Saroyan

7 April 2021, 01:15 AM	#10
goliat "TRF" Member Join Date: Jan 2020 Location: Finland Posts: 343	Insure 'em. Not enough? Get an alarm system. Not enough? Get a safe. Not enough? Well, maybe this is not the right hobby for you. Precautionary measures can only do so much, they will just buy you peace of mind to a certain threshold. Common sense and awareness will get you much further. Fantastic collection - try to enjoy it in good health and not stress yourself to death over it. __________________ 👑 116400GV 🛡️ 25600TN 🇬 GWM5610

7 April 2021, 01:06 AM	#2
MattyL147 "TRF" Member Join Date: Jul 2014 Location: USA Posts: 1,184	Sounds like you should just put them in a safety deposit box and never look at them again.

7 April 2021, 01:08 AM	#3
Wes911 "TRF" Member Join Date: Jul 2019 Location: Alabama Watch: 116710LN Posts: 146	Have you ever had a watch lost or stolen? The likelihood of it happening is small. You can either just enjoy them or live in fear and then what is the point of even having them.

7 April 2021, 01:10 AM	#5
trippinjimmy "TRF" Member Join Date: May 2019 Location: The Good Life Posts: 3,090	Are you suggesting you'll lose the watch because it's too loose?

7 April 2021, 01:17 AM	#11
ROLEX* "TRF" Member Join Date: May 2014 Real Name: ROLEXROLEXRO Location: ROLEXROLEXROLE Watch: ROLEXROLEXROLEX Posts: 755	Wear with mental wellness not madness You carry the watch, not carried by the watch __________________ To each their own and your mileage may vary. "In the time of our life, live—so that in that wondrous time you shall not add to the misery and sorrow of the world, but shall smile to the infinite delight and mystery of it." — William Saroyan

7 April 2021, 01:19 AM	#12
lis "TRF" Member Join Date: Dec 2014 Location: East Coast Watch: GMT 1675 Posts: 154	I think fears of losing, getting watches stolen are not so uncommon or unreasonable. Check out Hodinkee watch insurance. You can insure your watches for above MSRP. (and I think the value automatically adjusts based on market value should your watch get stolen) Also Jewellers Mutual will insure against loss.

7 April 2021, 01:22 AM	#13
ec00421 Banned Join Date: Apr 2013 Location: NY Posts: 513	can you not get the watches appraised for their market values and get them insured accordingly?

7 April 2021, 01:23 AM	#14
datejustrms "TRF" Member Join Date: Jan 2012 Location: USA Watch: Rolex Posts: 2,799	Just wear your watches and enjoy them. You’re going to give yourself an ulcer worrying like that.

7 April 2021, 01:26 AM	#15
Gab27 "TRF" Member Join Date: Feb 2021 Location: MD/NC Watch: 114060 Posts: 2,591	I recommend a good safe for when you are not wearing them (and for other valuables, for that matter), and then wearing them without worrying too much about the what-ifs.

7 April 2021, 01:40 AM	#17
lamkinpark "TRF" Member Join Date: Mar 2018 Location: Malaysia Watch: 116515LN \| 124300 Posts: 287	Buy a new one

7 April 2021, 01:40 AM	#18
huncho 2024 Pledge Member Join Date: Oct 2017 Location: nyc Posts: 6,441	insure them for grey market value

7 April 2021, 01:41 AM	#19
Laszlo 2024 ROLEX DATEJUST41 Pledge Member Join Date: Nov 2007 Location: San Francisco, CA Watch: Date & No Date Posts: 10,856	Insurance! __________________ "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 April 2021, 01:44 AM	#20
Cagwolf "TRF" Member Join Date: Dec 2018 Location: LA Posts: 149	Insure them.

7 April 2021, 01:55 AM	#23
2nastie "TRF" Member Join Date: Nov 2016 Location: YVR Watch: Time Only Posts: 2,332	Yes

7 April 2021, 01:58 AM	#24
franklee168 "TRF" Member Join Date: May 2017 Location: SSF Watch: 116500LN W+B DIAL Posts: 294	Hodinkee insurances for up to 150% of value. I'm not worried one bit.

7 April 2021, 02:05 AM	#25
WestCoastS "TRF" Member Join Date: Jun 2020 Location: Canada Watch: Rolex Posts: 541	Timex has some pieces __________________ Submariner 116613LB Blusey Sky Dweller TT Black Dial DD 40 Silver Dial on [[[Yellow Gold]]]

7 April 2021, 02:17 AM	#26
Aquaholic_user "TRF" Member Join Date: Dec 2018 Real Name: Rich Location: US Posts: 487	People die fighting to protect whales, put a fight up for your piece or be a whale. Get insurance as well. In the unlikely event you survive, at least you'll have some dough. I'm sure they'll fight tooth and nail to give you a payout also. Enjoy your life! Sent from my balloon knot

7 April 2021, 02:28 AM	#29
DougFNJ "TRF" Member Join Date: Mar 2020 Real Name: Doug Location: NJ Watch: Submariner 41 Date Posts: 186	Keep in mind, insurance companies have more buying power than consumers. I did have a Seamaster stolen years ago and had it covered. Had the newer version on my wrist in less than a week. State Farm Personal Articles policy. Sent from my iPhone using Tapatalk

7 April 2021, 02:30 AM	#30
Nikrnic "TRF" Member Join Date: May 2017 Real Name: Louis Nick Ric Location: Michigan, USA Watch: Blnr, Expll, Subs, Posts: 10,161	I would think there would be an insurance company out there where you could get a stated value policy if you want to pay the premium for it. Sent from my SM-G970U using Tapatalk

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)