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18 August 2012, 03:00 AM | #1 |
"TRF" Member
Join Date: Dec 2009
Real Name: Tim
Location: Wales, UK
Posts: 176
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UK Insurance
Where do you insure your watches is it through your house or do you have just one for your watches, if so who do you use. Many thanks
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18 August 2012, 04:02 AM | #2 |
"TRF" Member
Join Date: Feb 2012
Real Name: Sandy
Location: England.
Watch: 14060M 2 liner
Posts: 3,204
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Mine is insured through normal house contents insurance, they will add it to your policy and send you new paperwork. I pay an extra few pounds a month for it.
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18 August 2012, 04:27 AM | #3 |
"TRF" Member
Join Date: Feb 2012
Location: Midlands
Posts: 1,515
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Whatever you do check the policy properly.
A lot of places will add it to the home owner policy for theft out of the home only. You have to cover it out of the home and I would advise trying to get it covered for accidental loss or damage as well. Small price to pay for peace of mind. |
18 August 2012, 04:39 AM | #4 |
"TRF" Member
Join Date: Nov 2008
Location: UK
Watch: All of them
Posts: 312
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TH MARCH insurance brokers first class service very competitive too.
__________________
================================================== 116506, 116508 Green, 116619, 116719, 116660, 126660 D-Blue, 126600, 126610LV, 226570 Polar, 116600, 116610LN, 116710LN, 116500 Panda, 16610LV, 16600, 16610, 16570 Polar, 16710 Pepsi. |
18 August 2012, 04:53 AM | #5 |
Banned
Join Date: Aug 2012
Location: London
Watch: Explorer I
Posts: 167
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Added mine onto my home policy.
Cost £40 a year for full replace value of £4200 and they index link this so valuation goes up each year in line with inflation/price rises. |
18 August 2012, 05:10 AM | #6 |
"TRF" Member
Join Date: Mar 2011
Location: London
Watch: Quite a few
Posts: 4,315
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You wil generally find you can insure quite a few on an all risks basis through your home insurance.
I use Aviva and they allow me up to £25k of watches through the home policy. I do the rest through TH March.... But its a fair bit more expensive. |
18 August 2012, 05:42 AM | #7 | |
Banned
Join Date: Aug 2012
Location: London
Watch: Explorer I
Posts: 167
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Quote:
I came across them when Googling Watch Insurance and thought great as they say "Individual items worth up to 15k each are included at no extra cost" Did a quick quote on a like for like basis and they wanted £1400 a year for a new policy (am guessing it was lower than renewal as an incentive) We currently pay £400 a year for the same thing with extra high value items added via More Than/RSA. |
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18 August 2012, 06:00 AM | #8 |
Member
Join Date: Jun 2012
Location: Cambridge, UK
Watch: 16710
Posts: 34
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TH March look interesting. What kind of valuation do they require and what value are you declaring for discontinued models?
Both my watches, GMT II 40mm and Explorer I 36mm, are discontinued so I'd prefer to insure for the cost of the equivalent new models rather than what I actually paid (less than £3k each). I've just this week removed both pieces from my home insurance policy because the insurer required a valuation and I couldn't find anyone who would a) provide me with a valuation and b) wouldn't take the watches away for a month to do it. So I figured I am paying for a service I can't use and thus wasting my money. |
18 August 2012, 08:48 AM | #9 |
"TRF" Member
Join Date: Nov 2008
Location: UK
Watch: All of them
Posts: 312
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I have a few discontinued models, if I lost one through theft etc I would want to replace with a used example not the new model equivalent, most quality independent Jewellers should value each piece for around £40 each, maybe less or even zero if they know you well.... Mine does. My 16600 is covered for £8k because they are rising in price from reputable dealers all the time. Amanda Epps at TH MARCH will sort you out 01822 855555.
__________________
================================================== 116506, 116508 Green, 116619, 116719, 116660, 126660 D-Blue, 126600, 126610LV, 226570 Polar, 116600, 116610LN, 116710LN, 116500 Panda, 16610LV, 16600, 16610, 16570 Polar, 16710 Pepsi. |
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