Comprehensive worldwide
- Loss and disappearance
- Theft from the wrist
- Damage from falls and knocks
Insuring an Omega
With Omega the first question is not how to insure but whether you need to: the make covers a wide price range and part of it still falls within what a home contents policy can handle.
- several insurers compared objectively
- 9.5 customer rating for a new policy
- AFM licence 12016589
- Personal 072 - 509 24 56, weekdays 9–17
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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 for yourself what it would cost.
Enter your details; you will receive a proposal within one working day.
- We compare the offerings of several insurers
- An adviser checks whether the cover suits your situation
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
- Independent advice
- Several insurers
- Switching arranged
- Help with claims
In brief
Omega runs from a simple steel model to rare and historic pieces. That makes it the make where the threshold question genuinely arises: does your watch still fall under the sub-limit for jewellery and watches on your home contents insurance, or does it belong on a separate valuables insurance policy? Look up that sub-limit before you take anything out. It appears on your policy schedule and varies considerably by insurer.
Even where the amount fits within that sub-limit, a gap remains. A home contents policy covers almost exclusively damage in the home and never pays for loss. If you wear the watch daily, the damage happens precisely outside: on holiday, at the gym, while swimming. For a watch that leaves the house, valuables insurance is not a luxury but the only policy that covers the time you are wearing it.
The third point is the collection. Omega is a make of which people own several: a sporty model for weekdays, a classic piece for occasions, sometimes an inherited one. Several watches together exceed the home contents limit sooner than one expensive watch, and in a burglary they usually disappear together. Have them described individually, therefore, rather than listed as a single item.
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Omega: what is covered?
The structure of the cover in three parts, with an overview per situation below.
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
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 |
|---|---|---|
| Omega 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.
What does your premium depend on?
- Valued amount per watch. The basis for the premium. For a collection it is the sum of the individual values.
- Number of items insured. Several watches on one policy are rated differently from a single item.
- How often it is worn. A sports watch worn daily carries more impact and water risk than an occasion piece.
- Security at home. The safe rating and burglary security determine the conditions for the watches you are not wearing.
- Area of cover. The Netherlands, Europe or worldwide. If you travel a lot, the widest variant is relevant.
- Excess. For watches in the lower price range, the excess determines whether a claim is still worthwhile.
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.
Why arrange it through Finass Verzekert?
We look at the terms as well as the premium, and stay your point of contact when there is a claim.
Independent
We are not tied to one insurer and compare on the basis of an objective analysis of several companies.
One fixed adviser
You call or email someone who knows your file. No menu options, no changing call centres.
Switching without hassle
We cancel your old policy and align the start date, so you are never a day without cover.
Help with claims
We report the claim and monitor how it is handled. In urgent cases you can reach us on the emergency line.
9.5New policy
9.8Claims handling
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.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
First look up the sub-limit on your home contents policy
Virtually every home contents insurance policy has a separate limit for jewellery and watches, apart from the total sum insured. If the value of your Omega falls below it and the watch stays at home, the home contents policy may be enough for fire and burglary. As soon as you wear it outside the home or the amount exceeds that limit, that cover stops and a valuables policy is the way forward.
Several watches call for separate descriptions
If you insure a collection, have the reference, the serial number and the valued amount recorded for each piece. A single collective item leads to argument over which part of the amount belonged to which watch when only some are lost. In a burglary the whole contents of the safe usually go, and then the specification determines how much is paid. Update the list as soon as you buy or sell something.
A watch worn daily runs a different risk
A sporty model goes into the water, through the gym and away on holiday. That means impact damage, a lost strap and water damage where the seals have not been tested. A valuables policy is all risks and covers those events, provided they are sudden. Anything gradual, such as a wearing clasp or a perished gasket, is maintenance and remains at your own expense.
What you do not get paid for
A fall in value and a reference going out of fashion are not damage. Nor are scratches on the case and glass from normal wear. A movement that stops through a mechanical fault falls under guarantee or maintenance, not under the policy. And if the watch disappears without your being able to say where and when, the circumstances of the loss are very much part of the assessment.
The wearing and safe clause is binding
There is a risk of theft, but it is lower than with the top makes. 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 control room. After a theft that is the first thing asked about, and it is the most common reason for refusal.
Document it at purchase
Parts and servicing are readily available, which makes repair after damage simpler. Keep the invoice, the box, the papers and the serial number as well, 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.
Frequently asked questions
This is what people ask us most.
Do I need to insure my Omega separately?
That depends on the value and on how you wear it. If the watch stays at home and the value falls below the sub-limit for jewellery on your home contents policy, that cover may be enough for fire and burglary. If it leaves the house, the home contents policy covers almost nothing outside the home and loss not at all.
Is a valuation always necessary?
Not always. Below a certain value, insurers often accept a purchase invoice as proof of value and existence. Above that they ask for a valuation report, preferably drawn up as a valuation within the meaning of Article 7:960 of the Dutch Civil Code. Without such a report, a claim is settled at market value and argument arises over what the watch was worth at that moment.
I have several watches. Can they go on one policy?
Yes, but have them listed individually with reference, serial number and value. In a burglary of the safe they usually disappear together, and then the specification determines the amount paid. A collective item without descriptions always leads to argument where only some are lost. Keep the list up to date as you buy and sell.
Is water damage while swimming covered?
Only if the water resistance was demonstrably in order. Seals perish, and insurers regard damage arising from that as deferred maintenance. Have the pressure resistance tested at each service and keep the evidence. With that document, water in the case is a sudden event. Without it, it is a maintenance defect.
Every situation is different. For these situations we have a separate page.
- Compare valuables insuranceThe main page
- Insuring a BreitlingBreitling, valuation under Article 7:960 DCC, wearing and safe clause
- Insuring a RolexRolex, valuation under Article 7:960 DCC, wearing and safe clause
- Insuring a CartierCartier, valuation under Article 7:960 DCC, wearing and safe clause
- Insuring a watchValuation, wearing clause, worldwide
- Insuring jewelleryGold value, safe, heirlooms
- Insuring a HublotHublot, valuation under Article 7:960 DCC, wearing and safe clauses
- Insuring a musical instrumentStage, transport, professional use
- Insuring a ringLoss, valuation, away from home
Ready to compare?
Request a quote without obligation. We will look at which insurer best matches your activities and your risk.
Prefer to call? 072 - 509 24 56, weekdays 09:00–17:00.
Claim on the road? Emergency line 06 - 55 20 40 72.
About our service
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.
This page was compiled by Finass Verzekert. Last updated on .
The information on this page is general in nature and is not personal advice.