Hublot · valuation under Article 7:960 DCC · wearing and safe clauses
Insuring a Hublot
With Hublot the question after a loss turns on repairability: ceramic, carbon and sapphire cannot be polished out or touched up, so a scratch usually means a replacement.
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In brief
Hublot builds cases from materials that behave differently from steel or gold. Ceramic is hard but brittle, sapphire is scratch-resistant but breaks under a point load, and carbon and composites cannot be welded or refinished. Where a steel case is polished after a fall, here a part has to be replaced. That shifts the conversation after a loss from repair to supply: is the part available and what does it cost.
Then there is the construction. The case is built up from layers held together with screws and seals, with an integrated rubber or textile strap. If one element is damaged, the whole assembly has to come apart. Repair therefore almost always runs through the brand's own workshop, and that determines the lead time. When you take out the policy, have it recorded whether the insurer repairs in kind or pays out, because you only notice that difference when you claim.
The third point is the total loss threshold. Once the cost of repair approaches the valued amount, the insurer declares the watch a total loss and pays the valuation figure. With a brand whose parts are expensive, that threshold is reached sooner than you would expect. An up-to-date valuation report as referred to in Article 7:960 of the Dutch Civil Code is therefore not just a formality here but the basis on which that decision is calculated.
The structure of the cover in three parts, with an overview per situation below.
The essentials
Comprehensive worldwide
Loss, theft and damage, wherever you are.
Loss and disappearance
Theft from the wrist
Damage from falls and knocks
The basis of value
Valuation
A recognised valuer records the value, usually for three to five years.
Article 7:960 of the Dutch Civil Code
No market value
Revaluation on expiry
Where things go wrong
Clauses
Provisions that determine when you are covered.
Wearing and safe clause
Alarm with a monitoring centre
Reporting a theft to the police
What is covered
Situation
Valuables
Home contents
Hublot lost on holiday
Yes
No
Stolen from the wrist in the street
Yes
No
Theft at home during a burglary
Yes
Sometimes
Damage through your own doing
Yes
No
Not in the safe when it should have been
No
No
Wear and loss of value
No
No
This overview is general in nature and is not personal advice. What is actually covered, including exclusions, limits and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart) of the insurer; you receive both before you take out cover. Taking out cover without advice? Then read what execution only means for you.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
The material determines whether something can be repaired
A polished steel case can be saved, a ceramic one cannot: it is too hard to work on and will crack sooner than dent. Sapphire can break from a single knock on a corner while remaining otherwise impervious to scratches. So when you report a loss, state exactly where the impact landed. With these materials that determines whether one part or the whole case is involved.
Repair in kind or payment in cash
Many valuables policies give the insurer the right to choose between repairing, replacing or paying out. With a brand that only repairs through its own workshop, that means waiting time and sometimes a repair whose result remains visible. Ask in advance how that choice is worded in the conditions and whether you are entitled to repair by the brand rather than by a general watchmaker.
The total loss threshold is close here
As soon as repair threatens to cost more than the agreed value, settlement is on a total loss basis. With expensive case parts, damage that looks limited can already reach that threshold. So make sure the valuation report is up to date and describes the exact specification, including material and reference. An outdated report here means not only too small a payout but also a wrongly calculated assessment.
What falls outside the cover
Scratches and marks of use that arise from normal wearing are not sudden damage. Wear of the rubber strap, the clasp and the seals is a matter of maintenance. Water damage after the water resistance has no longer been tested is regarded as deferred maintenance. And if you have the case opened by an unauthorised party, both the cover and the valuation figure may be called into question.
The wearing and safe clause is binding
The striking design attracts attention; wearing clauses are usual here. Above a certain amount it almost always applies that the watch must be in the safe when you are not wearing it, sometimes with a requirement for an alarm connected to a monitoring centre. After a theft that is the first thing you are asked about, and it is the most common reason for refusal.
Document it at purchase
Ceramic and sapphire parts cannot be repaired but only replaced, with long delivery times. Keep the invoice, the box, the papers and the serial number, and photograph everything. After a loss the first question is whether the watch existed and what it was worth; keep that file digitally and not only at home.
What does your premium depend on?
Agreed value. The basis for the premium and for the assessment of whether repair or total loss applies.
Material of the case and strap. Ceramic, carbon and sapphire determine the cost of repair and therefore the expected amount of a claim.
Complexity of the timepiece. A tourbillon or skeleton movement calls for specialist repair and weighs more heavily than a basic movement.
How often it is worn. A large, heavy watch worn every day carries more impact risk than one kept in a safe.
Security at home. The safe grade and alarm determine whether theft cover can be given without additional clauses.
Area of cover. Worldwide cover is relevant if you take the watch to countries without brand service.
Insurers weigh these details differently. That is where your saving is.
How we arrange it
You request a quoteWe take stock of your situation, your risk and your wishes.
We compareseveral insurers, on premium as well as conditions.
You receive a proposalWith an explanation of the differences and the exclusions.
We arrange the switchIncluding cancellation, so there is no gap in cover.
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
Only where it was caused by a sudden event, for example a fall or a knock. Marks of use that appear gradually are covered nowhere. With these materials the difference matters, because repair is not an option: the part is replaced. So when you notify the claim, describe exactly what happened and when, and add photographs of the damage.
What happens if repair costs more than the watch is worth?
Settlement is then on a total loss basis, up to the valued amount. With expensive case parts that threshold is reached sooner than with a steel watch. The damaged watch then usually becomes the property of the insurer. An up-to-date report under Article 7:960 of the Dutch Civil Code then determines what you receive.
May I have the watch repaired by an ordinary watchmaker?
That is not advisable. These cases require specialist tools and parts that are only available through the brand. A repair outside the authorised network can depress the value and lead to disputes about the cause at the next claim. When you have a loss, discuss it with the insurer first. The insurer usually nominates a repairer.
Is water damage covered?
Only if the water resistance was demonstrably in order. Seals age, and many conditions exclude damage resulting from deferred maintenance. So have the water resistance tested at the periodic service and keep the service record. Without that evidence, water in the case is a difficult claim, whatever actually happened.
Read more
Within Art on home contents or valuables insurance
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