Insurance

[KathleenL]

What company do you use to insure your watches?

[MrGoat]

State Farm.


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[johnny.tran1]

jewelers mutual

[KathleenL]

Originally Posted by MrGoat

State Farm.


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So you've included your watch(es) with your homeowner's policy? Or is it a separate policy?

[KathleenL]

Originally Posted by johnny.tran1

jewelers mutual

Thanks! That's one I'm considering.

[aayates]

USAA high value policy.

[Brew]

Separate rider on my USAA policy.


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[MrGoat]

Originally Posted by KathleenL

So you've included your watch(es) with your homeowner's policy? Or is it a separate policy?

Personal articles policy rider on car insurance.

No deductible, covers loss, theft or damage anywhere in the world for full purchase or appraisal value. Costs $10 a month.

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[sage9984]

Originally Posted by MrGoat

Personal articles policy rider on car insurance.

No deductible, covers loss, theft or damage anywhere in the world for full purchase or appraisal value. Costs $10 a month.

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How does an auto policy insure your personal jewelry? And for so cheap. Is it a Florida thing?

[hutch300]

Long ago with my home. Learned that I don't want that and coverage leaves a lot ot be desired. Switched to Jewelers Mutual. Now I have half with Jewelers Mutual (customer service isn't as good as it used to be) and half with Hodinkee. I'd recommend Hodinkee - no appraisal and less hassle. Underwritten by chubb.

[MrGoat]

Originally Posted by sage9984

How does an auto policy insure your personal jewelry? And for so cheap. Is it a Florida thing?

I added a personal articles policy to my automobile insurance. It’s not my auto insurance. I don’t know, maybe they feel they rip me off enough on my car insurance.


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[PBJ1925]

Tried them all from adding to existing home owners, JM, and currently with Hodinkee.

Can't to speak to how any of them actually respond to a claim so can only comment on ease of policy changes, pricing, and responsiveness. Hodinkee so far has been the best balance of those factors for me.

[Bizcut1]

Another vote for Hodinkee.

[JoseR]

Originally Posted by KathleenL

Thanks! That's one I'm considering.

Do a quick search on the forum and you'll find lots of information. I use JM.

[m3tek44]

had AAA (home insurance) but went to Hodinkee

[Kevin of Larchmont]

Additional coverage on homeowners policy.

[Laszlo]

Home Owners only covers up to $5k and has deductible.

The correct way to insure is with personal article insurance, it requires an appraisel as well.

I'm paying ~$66 per year per watch under my personal article insurance policy, no deductible.

[Ssunnylee24]

Hodinkee

[HiBoost]

Originally Posted by KathleenL

So you've included your watch(es) with your homeowner's policy? Or is it a separate policy?

I'm also with State Farm but would not recommend putting it on your homeowners. They offer a "personal articles" policy which insures jewelry with more favorable terms (much lower deductible, greater coverage, etc). It's not super cheap though, so you may cross shop a dedicated company like Jewelers Mutual or Hodinkee. In my case the personal articles policy ends up being roughly $10/month per $10k of insured items.

[MrGoat]

Originally Posted by HiBoost

I'm also with State Farm but would not recommend putting it on your homeowners. They offer a "personal articles" policy which insures jewelry with more favorable terms (much lower deductible, greater coverage, etc). It's not super cheap though, so you may cross shop a dedicated company like Jewelers Mutual or Hodinkee. In my case the personal articles policy ends up being roughly $10/month per $10k of insured items.

I don’t necessarily agree. It’s pretty cheap compared to car insurance rates. If your payment was $10 for $10,000 in coverage it would take you 83.3 yrs to pay the 10k. That’s cheap if you ask me.


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[GoingPlaces]

I have my watches insured under my homeowners with AIG Private. No appraisal required.

[sp5702]

Does anyone have experience with getting an appraisal for market value as opposed to MSRP? My AD provides an appraisal with the purchase price, but nothing beyond that.

Any suggestions welcome.

[AzHadEnuf]

Has anyone filed a claim with Hoodinkee yet?

[KathleenL]

Hmmm... Would I need an appraisal? Watch was purchased new from an AD and Hubby paid MSRP (plus applicable sales tax, of course) for it in May of this year.

[franklee168]

Hodinkee. Coverage up to 150% of watch value and no deductible. Was the least expensiv e when I checked for 3 watches.

[MrGoat]

Originally Posted by KathleenL

Hmmm... Would I need an appraisal? Watch was purchased new from an AD and Hubby paid MSRP (plus applicable sales tax, of course) for it in May of this year.

With State Farm you provide the receipt and that’s what it’s insured for and then they raise it a little a year for appreciation. If it gains lots of equity out the door just get an appraisal and send it in and they up your policy.


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[1981Eagle]

USAA 'Valuable Personal Property' policy ... I looked into others and they were similar for similar coverage - your mileage may vary

[wjj]

Originally Posted by HiBoost

I'm also with State Farm but would not recommend putting it on your homeowners. They offer a "personal articles" policy which insures jewelry with more favorable terms (much lower deductible, greater coverage, etc). It's not super cheap though, so you may cross shop a dedicated company like Jewelers Mutual or Hodinkee. In my case the personal articles policy ends up being roughly $10/month per $10k of insured items.

I have a personal articles policy with State Farm as well. Apart from my homeowners policy which is with another company. I insure the more expensive things with State Farm and the less expensive things with my homeowners which has a 5K limit. I self insure the gap.

[soxfan39]

I have limited options here in CA. Tried Jewelers Mutual but they don't offer services in CA. Believe Hodinkee is same. Homeowners was really super expensive..if remembering correctly like $100/mo for one watch

[KathleenL]

Originally Posted by soxfan39

I have limited options here in CA. Tried Jewelers Mutual but they don't offer services in CA. Believe Hodinkee is same. Homeowners was really super expensive..if remembering correctly like $100/mo for one watch

What do you mean "they don't offer services in CA"? Both Jewelers Mutal and Hodinkee have provided online quotes for me, and both sites had me put in my home Zip Code before proceeding. Can you give a little more info on why you say neither one offers services in California?