Horological Meandering

I recently spoke with my insurance company representative and discussed insuring my collection. The rate based on replacement value for a collection that is worth multiples of my car is roughly the same price as for my car. I’m curious if others have a po... 

it’s too high risk given the seemingly brazen thefts, fraud risk, or other? It seems a select number are willing, but not very consistent coverage.

I found it to be useful and aligned with the value of my watch…

This is what I have now. You declare the value of your collection and they insure it with no appraisal necessary. Your looking at about $800 a year for a 100,000 dollar collection.

Robbers run when they see me. It actually costs them money to rob me.

NT

The sword probably scares them away.

NT

It used to be linked to home insurance, but that became expensive ($1.21 for every $100 insured). I switched to a different company which covers specifically jewellery and watches, and a better price of $0.75 for each $100 insured). It does give me some p... 

Insurance companies take 3.75% of the value and or $3.75 on every dollar but give global coverage against theft, robbery , travel , damage etc it’s a full comprehensive coverage with no loading or discounts at the time of settlement of claim . Very very e... 

Bank safe contents are actually almost not ensured at all where I live. So for complete peace of mind one would have to ensure them as well. Best Andreas

But for a cautionary tale read this NYT article Safe Deposit Boxes Aren’t Safe Best Andreas

Riding on my home insurance that’s around 1k/year which I find reasonable. Best Andreas

If you are in Germany, depending on the insurance amount, I've found my carrier required both home safe and bank safe separation of watches, with the home safe insurance levels typically based on the EN1143 grade level - which go from I to IV. I also need... 

Cheers, HSTE