Insure Your Watch?

[santoshlv426]

I'm i the midst of renewing my insurance. The watches are listed. My question is do you insure based on the value at purchase or based on the current valuation which escalates the value annually with the regular price increases

[Phil8352]

Maybe this has been mentioned already, but all HO policies have internal limits for items like jewelry, electronics, guns, etc. $2,500 for jewelry is typical. If you’re banking on your HO policy covering you in the event of disaster, think again.

You need to add a rider to the policy specifically covering listed items. I have added my wife’s engagement ring and my Rolex for $175/year with $0 deductible and loss, theft, damage are all covered 100%.

Went with appraised value, not price actually paid.

[Benjack]

Originally Posted by jasonbellevue

Our watches and other valuables are all well documented with pictures and appraisals and fully insured partly for estate planning and peace of mind.

+1