Watch Insuring: How Do You Protect Your Valuable Time Piece Against Damage and Theft?

A luxury watch is more than just an accessory; it is a worthwhile investment. Whether you have a Rolex, Patek Philippe, Audemars Piguet or Omega own, there is a good chance that your watch will increase in value. But what if your watch is damaged, stolen or lost? A watch insurance offers protection and ensures that you are financially covered in the event of damage or loss. In this blog you will discover why and how you can best insure your watch.

1. Why Insure a Watch?

Luxury watches are not only sought-after collectibles, but also a popular target for theft. Many people are just realizing this too late that their watch is insufficiently insured. These are the greatest risks:

✔ Theft – Watch thefts and home burglaries are becoming increasingly common.
✔ Loss – A moment of inattention and your watch is gone.
✔ Damage – Bumps, scratches and water damage can drastically reduce the value.
✔ No or limited coverage when traveling – Standard travel insurance often does not fully cover luxury watches.

Many home contents insurance policies use a low coverage for watches, often up to a few thousand euros. That is insufficient for high-end models. A special watch insurance then offers a solution.

2. How does watch insurance work?

A watch can be insured in two ways:

Option 1: Home Contents Insurance with Valuables Cover

Some home contents insurance policies offer a additional coverage for jewelry and watches. But beware:

• One often applies maximum compensation, usually between €2,500 and €5,000 per item.
• Theft outdoors is usually not insured as standard.

Option 2: Separate Valuables Insurance

For watches with a higher value (€5,000 – €500,000 or more) a special valuables insurance the best choice.

✅ Worldwide coverage against theft, loss and damage.
✅ No maximum insured value, based on the current market price.
✅ Also coverage outside the home and when traveling.

Do you have several luxury watches? Then you can put them under one valuables insurance insurance.

3. What should you pay attention to with watch insurance?

Not every insurance policy offers the same coverage. Please note these important points:

✔ Appraisal and Valuation

Many insurers require one current valuation report or proof of purchase. Have your watch appraised periodically, because some brands such as Rolex and Patek Philippe increase in value every year.

✔ Coverage area (Netherlands or Worldwide?)

If you often wear your watch during trips or events, choose insurance with worldwide coverage.

✔ Deductible and Premium

The premium depends on:

• The value of your watch (on average 1-2% of the value per year).
• Where you keep it (use of a safe can provide premium benefits).

Do you want to know what the best insurance is for your watch? Request one without obligation quote Finass Insures.

4. Frequently Asked Questions about Watch Insurance

💬 Is my watch insured if I wear it?
Yes, your watch is covered by special valuables insurance also insured outside the home.

💬 Is my watch insured on holiday?
Not always. Standard travel insurance often does not cover luxury watches. So choose one worldwide coverage.

💬 Should my watch be kept in a safe?
Some insurers require or provide this discount on the premium if you use a certified safe.

5. How do you take out watch insurance?

Do you want to insure your watch optimally? Follow these steps:

1️⃣ Have your watch appraised – A current valuation report is required.
2️⃣ Choose the right coverage – Decide whether you want to insure damage, theft and loss.
3️⃣ Request a quote from Finass Insures – Our specialists are happy to help you find the best coverage.
4️⃣ Take out insurance and enjoy your watch without any worries!

Conclusion: Protect your watch with the right insurance

A insure your watch is essential if you want to protect your luxury timepiece against theft, loss and damage. A valuables insurance offers the best coverage, both at home and on the road.

🕰️ Do you want to insure your watch properly? Request a quote without obligation Finass Insures and discover the best insurance for your valuable watch!