You wear a watch, and that is precisely why you lose it or why it is taken off your wrist. That is exactly what home contents insurance does not cover.
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The calculator and the quote form below are in Dutch. Prefer to do this in English? Email info@finassverzekert.nl or call 072 - 509 24 56 and we will take it from there.
Work out your own premium with the calculator.
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We compare the offerings of several insurers
An adviser checks whether the cover suits your situation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
You insure luxury watches separately on a valuables policy: comprehensive and worldwide, including loss, theft away from home and damage caused by your own actions.
You fix the value with a valuation, usually valid for three to five years. With sought-after models the market value rises rather than falls, so having a new valuation carried out in good time saves a lot of money when a loss occurs.
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 fixes the value, valid for three to five years.
Article 7:960 of the Dutch Civil Code
Sought-after references rise
Revalue in good time
Where things go wrong
Clauses
Wearing and safe provisions that determine the cover.
Safe when not being worn
Alarm with a monitoring centre
Reporting a theft to the police
What is covered
Situation
Valuables
Home contents
Watch 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 tear and servicing costs
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.
Wearing and safe clause
Above a certain amount the requirement often applies that the watch is in a safe when you are not wearing it. If you do not comply, the theft cover lapses.
Street robbery and holidays
Theft from the wrist is a real scenario. Check whether that is covered worldwide and whether restrictions apply in certain countries.
A valuation is only a valuation with the right basis of value
For protection against underinsurance, the report must be drawn up as referred to in Article 7:960 of the Dutch Civil Code, with the additional provision on value. A dealer's value statement does not always meet that requirement. The amount is then fixed for the term of the valuation; if the valuation has expired at the time of the loss, you fall back on market value.
In the event of loss or theft, the first question is whether the item existed and what it was worth. Keep the purchase invoice with the serial number, the valuation report, the box and the papers, and photograph everything from several angles. Store that digitally and not only at home; after a fire or burglary that is often the only evidence left.
What does your premium depend on?
Agreed value
Make and model
Security at home — safe and alarm
Area of cover
Excess
Insurers weigh these details differently. That is why comparing pays off.
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.
Is my watch not already insured on my home contents policy?
At home often up to a low maximum, away from home almost never. Loss is not covered there at all.
Is a valuation compulsory?
Above a certain amount, almost always. Without a valuation the insurer pays market value and an argument arises.
What is a wearing clause?
A provision describing when the watch may be worn and when it belongs in the safe. Compliance is a condition of the theft cover.
Is loss covered?
Yes, that is the distinctive difference from a home contents policy. If you lose the watch, that is in principle covered.
What is the difference with my home contents insurance?
Your home contents policy covers this category at home up to a sub-limit and away from home barely at all, and loss is not covered anywhere. Valuables insurance is comprehensive and worldwide, including loss.
What do I need when I claim?
A purchase invoice with the serial number, a valuation report, photographs and, in the event of theft, a police report. Without that file obtaining payment is difficult; keep it digitally and away from the home.
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
