Ginger
814
In US, rider usually needed to cover watch when it is on your person
That is the main reason to get a rider, especially if it is valued at more than 5000 and will be a frequent wearer. Same reason most women get a rider for the engagement ring or wedding set. In that price range most street thieves know Rolex and bling only, so if it is neither he might take his chances.
G
renter's insurance?
Hello All, A good friend just got her first "fine" watch (it happens to be a great one also ) and would like to get it insured. She rents an apartment, so does renter's insurance with a rider make sense or is there some other way to go about it? Thanks fo...
I think that the best insurance is...
a safe at the bank. Not the most convenient solution but truly the best one ! And I work for an insurance company ! Fr.Xavier
But for accidental damage, loss, theft (mugging!), etc.
Hi, I understand your point of view and I think that it's a good solution when you have a collection of watches that you need to put away safely. However, when you only have one that you wear nearly all the time, I have a feeling that insurance is desirab...
As far as i know there is no...
insurance on a safe deposit box.The bank has no idea what's in the box so how can they insure it ? Basically your homeowners insurance would cover the contents of a safe deposit box as long as the insurance company is advised.I researched this topic for a...
Homeowner Insurance will only cover...
.... the times as long as they remain in the safe deposit box, AFAIK. The moment you remove it (not unheard of with watches the cover stops unless you have made specific arrangements, I think. As for insurance offered by the bank on the contents of the bo...
Insurance is very expensive...
for what you are getting, john. Think of it this way - like gaming, why would any company be in the business of gambling (or insurance) if it wasn't always "in the houses' favour?" Yes, the insurance company (and casino) is "spreading the risk" across a m...
Hi John....
I insured my watch through Chubb Insurance. If you want the contact, shoot me an email. I bought 2 kind of insurance from Chubb, the out of bank and the invault policy. For those watches I don't wear, I put in the bank vault and the policy is way cheaper....
Get a heavy safe
I checked into insurance and found the annual cost to be very high, about 5% of the declared value. If the item was kept in a safe, the value dropped to a fraction of that. Unfortunately, the insurance company wants you to let them know whenever the item ...
agreed...
I looked into this as well and the best rates I could get was btw 1.5% to 2% of declared value. Frankly too costly but it simply forces me to think very carefully of how many watches I own and where I store them. A safety deposit box is the best solution ...
i've done a lot of research and discovered
that the best solution is to only own 1 or 2 watches valued at less than your insurers single item limit. that is really it i'm afraid. there are other precautions. keep something baseball batish at hand or a tazer if you know the right people be prepared...
In US, rider usually needed to cover watch when it is on your person
That is the main reason to get a rider, especially if it is valued at more than 5000 and will be a frequent wearer. Same reason most women get a rider for the engagement ring or wedding set. In that price range most street thieves know Rolex and bling onl...
Yep!!!
Technically in the U.S. it is an "inland marine policy". Your homeowner's policy will only cover a loss due to fire, theft, loss, etc. up to a relatively small amount for each item but it covers the vast majority of household real assets for the average p...