ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
21 September 2023, 10:28 PM | #1 |
"TRF" Member
Join Date: Oct 2017
Location: Birmingham
Watch: Rolex 124060
Posts: 38
|
Posting a Rolex with insurance cover
Hi,
I have looked into selling a Rolex on Chrono 24, Chrono state it is the responsibility of the seller to select a delivery method with suitable insurance cover. I can only find delivery options with cover up to £2500. Had anyone posted a watch of value £10-20k and did you manage to get insurance cover to that value? Thanks Sent from my iPhone using Tapatalk |
21 September 2023, 10:54 PM | #2 |
2024 Pledge Member
Join Date: Mar 2017
Location: United States
Watch: Rolex and Patek
Posts: 10,704
|
I think most people have their watches insured and they don't cancel the coverage until it has been delivered to the buyer safe and sound. Title to the watch doesn't transfer until the buyer the accepts the item.
|
21 September 2023, 10:57 PM | #3 |
"TRF" Member
Join Date: Oct 2017
Location: Birmingham
Watch: Rolex 124060
Posts: 38
|
I think a lot of watch insurance will only cover the watch if it is being worn on your wrist or in a safe, that’s the case for my cover anyway.
Sent from my iPhone using Tapatalk |
21 September 2023, 11:01 PM | #4 |
2024 Pledge Member
Join Date: Mar 2017
Location: United States
Watch: Rolex and Patek
Posts: 10,704
|
I have mine on a Homeowner rider, it covers all loses including loss in transit, anywhere in the world.
|
21 September 2023, 11:03 PM | #5 |
"TRF" Member
Join Date: Oct 2017
Location: Birmingham
Watch: Rolex 124060
Posts: 38
|
In that’s case it wouldn’t be an issue.
I wonder how watch dealers or private sellers cover their watches while they are being? Unless they have a policy to cover all stock. Sent from my iPhone using Tapatalk |
22 September 2023, 06:06 AM | #6 |
"TRF" Member
Join Date: Dec 2019
Location: USA
Posts: 77
|
|
22 September 2023, 07:24 AM | #7 |
"TRF" Member
Join Date: Oct 2010
Real Name: BondJamesBond
Location: The Algarve
Watch: Rolex or nothing
Posts: 3,928
|
Insurance on watches is so expensive and the risk so limited if you are careful, just cover the risk yourself.
__________________
♛ 5-digit Rolex or nothing ♛ 16030, 16613, 16713, 18038. |
22 September 2023, 07:47 AM | #8 |
"TRF" Member
Join Date: Dec 2018
Location: Northern CA
Watch: DSSD, Pelagos
Posts: 682
|
You can do USPS registered mail for up to 50k. It is slow but safe. They'll even cover a box full of cash.
I risked it and sent one fedex overnight. I must have hit refresh on that tracking page 100 times the next day and called the receiver immediately when it was signed for. No issues but I probably wouldn't put myself through that stress again. Edit: I should look at locations. And currency. |
22 September 2023, 09:04 AM | #9 |
"TRF" Member
Join Date: Sep 2007
Real Name: Howard
Location: Chandler, AZ
Watch: Omega SMP300
Posts: 457
|
My ExpII was stolen from a gym locker. My ins company paid replacement value. I had a $5k rider, and they paid about $10,200. I probably could have held out for a bit more.
|
22 September 2023, 11:48 AM | #10 |
"TRF" Member
Join Date: Jul 2019
Real Name: Z
Location: Bay area
Watch: A few
Posts: 367
|
This confused the shit outta me. I thought they require you to post for photo proof with your watch on for insurance purposes. What does the word "shipping" mean in your country?
__________________
|
22 September 2023, 12:52 PM | #11 |
"TRF" Member
Join Date: May 2022
Location: Miami
Posts: 50
|
this is one of the reasons i don't try to sell my watches on my own via chrono24 or another platform. too much hassle to figure out shipping and other details
best of luck to you OP |
22 September 2023, 03:49 PM | #12 |
2024 Pledge Member
Join Date: Jul 2022
Location: Budapest, HU
Watch: 17000B, B+W
Posts: 2,064
|
|
22 September 2023, 04:01 PM | #13 | |
"TRF" Member
Join Date: Oct 2017
Location: Birmingham
Watch: Rolex 124060
Posts: 38
|
Quote:
Do you know if this service is available worldwide? I can’t seem to find this option in the UK. Sent from my iPhone using Tapatalk |
|
23 September 2023, 12:41 AM | #14 |
"TRF" Member
Join Date: Dec 2018
Location: Northern CA
Watch: DSSD, Pelagos
Posts: 682
|
|
25 September 2023, 02:11 AM | #15 |
"TRF" Member
Join Date: Oct 2017
Location: Birmingham
Watch: Rolex 124060
Posts: 38
|
Has anyone used www.secursus.com for insuring a watch while posting?
Sent from my iPhone using Tapatalk |
25 September 2023, 02:44 AM | #16 |
"TRF" Member
Join Date: May 2022
Location: USA
Posts: 203
|
In the US, UPS is the only shipper that will insure for up to 50k without major headaches and overnight. Just make sure to get label done at home online and drop off at a real service center. Dropping off at the normal UPS stores which are franchised owned can lead to headaches like having them open the package to verify the item, like they know what the f**k they're looking at.
__________________
15510ST Green | 15720ST Gray | 26393QT Taupe | 116400GV | 126234 Mint |
25 September 2023, 04:37 AM | #17 |
"TRF" Member
Join Date: Jan 2023
Location: Stockholm
Watch: P-serial 116518
Posts: 1,135
|
Interesting video I watched the other day:
https://www.youtube.com/watch?v=nImYVGWo1fg Basically, he used UPS to send a Tudor and insured it with UPS for €3000. It was lost. UPS agreed it was their fault. But UPS only paid him €500 in compensation because in their terms and conditions they state clearly that they only insure up to €500. |
25 September 2023, 05:02 AM | #18 | |
"TRF" Member
Join Date: May 2022
Location: USA
Posts: 203
|
Quote:
https://www.ups.com/media/en/terms_service_int_pr.pdf https://www.ups.com/media/en/terms_service_gnd_pr.pdf This is honestly the biggest scam I have ever heard of. That really only leaves registered mail as the only viable shipping service for small players.
__________________
15510ST Green | 15720ST Gray | 26393QT Taupe | 116400GV | 126234 Mint |
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.