Seeking Watch Insurance Recommendations In The USA
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  1. #1
    Member qa_ii's Avatar
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    Seeking Watch Insurance Recommendations In The USA

    I'm re-evaluating watch insurance at this time, and I'd like to know your recommendations and thoughts. I realize this may have been discussed before, but it's a topic best served fresh due to possible changes that may have occurred.
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  2. #2
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    Re: Seeking Watch Insurance Recommendations In The USA

    I always use jeweler’s mutual so I’m interested to see what people say!


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  3. #3
    Member BearDeXPS's Avatar
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    Re: Seeking Watch Insurance Recommendations In The USA

    I just added a ryder to my homeowners insurance - wife's wedding ring, her cartier, a couple of her $5k purses, couple of my watches and a couple of my fire arms. All this beyond base extended limits.

    For the year that's like $175 replacement value.
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  5. #4
    Member 67ViP's Avatar
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    Quote Originally Posted by qa_ii View Post
    I'm re-evaluating watch insurance at this time, and I'd like to know your recommendations and thoughts. I realize this may have been discussed before, but it's a topic best served fresh due to possible changes that may have occurred.[IMG class=inlineimg]https://forums.watchuseek.com/images/smilies/icon_smile.gif[/IMG]
    Your homeowner's insurance policy/renter's policy has a limited amount of blanket jewelry coverage... probably $5K or less. Check with your agent to see if they offer valuable personal property coverage (vpp) which allows you to schedule individual items such as a luxury watch, diamond ring, etc at full value. Coverage not only includes replacement cost and theft, but mysterious disappearance...it's just gone and you don't know how or when. You will probably need photos, appraisals, and possibly receipts to document each item...depending on your insurance company and the item. I have mine with USAA and I covered them at full retail price even though I paid less. I have about $25K in coverage for about $230 a year.
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  6. #5
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    Re: Seeking Watch Insurance Recommendations In The USA

    Jewelers mutual. Best not to use your home owner insurance.

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  7. #6
    Member raja_3012's Avatar
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    Re: Seeking Watch Insurance Recommendations In The USA

    All my watches are insured via Jewelers Mutual. Highly recommend them.
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    ♕ 116500LN | ♕ 126710BLRO | ♕ 116610LV | ♕ 116610LN (LB) | PAM00168

  8. #7
    Member MRWISENHIMER's Avatar
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    Re: Seeking Watch Insurance Recommendations In The USA

    have it. used it. advocate it.
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    does anybody really know what time it is? Chicago 1970

  9. #8
    Member sdiver68's Avatar
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    Homeowners rider.

    Jewelers Mutual was messing around with my application for additions to my collection earlier this year. Already had 1 Rolex insured with them wanted to add 2 more.

    So I called my homeowners agent and added them same day for 2/3rds the JM quote.

    Lost faith in JM when they can't underwrite an addition in 2 weeks? Wondered if I'd ever get paid if I made a claim.
    Last edited by sdiver68; April 26th, 2020 at 01:44.
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  10. #9
    Member yngrshr's Avatar
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    Re: Seeking Watch Insurance Recommendations In The USA

    Quote Originally Posted by sdiver68 View Post
    Homeowners rider.

    Jewelers Mutual was messing around with my application for additions to my collection earlier this year. Already had 1 Rolex insured with them wanted to add 2 more.

    So I called my homeowners agent and added them same day for 2/3rds the JM quote.

    Lost faith in JM when they can't underwrite an addition in 2 weeks? Wondered if I'd ever get paid if I made a claim.
    I made a claim on my JM policy for a platinum wedding ring that I unfortunately lost in my yard.

    $1,000 claim paid in a few days. I actually extended the process by deciding what to replace it with. As painless as possible. $0 deductible, and no increase in premium at renewal. The only stipulation was that for my replacement wedding ring, they made me take a $100 deductible on it. JM actually advertises that a claim will NOT impact policy premium.

    Great company.

    Would highly recommend JM over homeowners. It's an all-risk policy vs a named perils policy (typically) with a much lower deductible. Plus you don't taint your homeowners if you have a claim. My lost ring would not have been covered under my homeowners.
    Last edited by yngrshr; April 26th, 2020 at 04:58.
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  11. #10
    Member sdiver68's Avatar
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    Quote Originally Posted by yngrshr View Post
    Quote Originally Posted by sdiver68 View Post
    Homeowners rider.

    Jewelers Mutual was messing around with my application for additions to my collection earlier this year. Already had 1 Rolex insured with them wanted to add 2 more.

    So I called my homeowners agent and added them same day for 2/3rds the JM quote.

    Lost faith in JM when they can't underwrite an addition in 2 weeks? Wondered if I'd ever get paid if I made a claim.
    Would highly recommend JM over homeowners. It's an all-risk policy vs a named perils policy (typically) with a much lower deductible. Plus you don't taint your homeowners if you have a claim. My lost ring would not have been covered under my homeowners.
    My homeowners rider is all risk. Cheaper, and much more reliable than JM.

    Glad you had a good experience with them. I did not despite multiple emails and calls.
    qa_ii likes this.

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