Watch insure: How do you protect your precious time against damage and theft?
A luxury watch is more than just an accessory; It is a valuable investment. Whether you own a Rolex, Patek Philippe, Audemars Piguet or Omega , there is a good chance that your watch will increase in value. But what if your watch is damaged, is 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 discover why and how you can best insure your watch .
1. Why insure a watch?
Luxury watches are not only sought -after collection objects, but also a popular target for theft. Many people only realize too late that their watch is insufficiently insured. These are the greatest risks :
✔ Theft - watch areas and home burglaries are increasingly common.
✔ Loss - A moment of inattention and your watch has disappeared.
✔ Damage - Pumps, scratches and water damage can drastically lower the value.
✔ No or limited coverage - Standard travel insurance often do not completely cover luxury watches.
Many household 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 a watch insurance work?
A watch can be assured in two ways:
OPTION 1: Content insurance with valuables coverage
Some household insurance policies offer extra coverage for jewelry and watches. But beware:
- maximum reimbursement often applies , usually between € 2,500 and € 5,000 per item.
- Theft outdoors is usually not included as standard.
Option 2: Separate valuables insurance
For watches with a higher value (€ 5,000 - € 500,000 or more), special valuables insurance the best choice.
✅ Worldwide coverage against theft, loss and damage.
✅ No maximum insured value, tailored to the current market price.
✅ Also cover outdoors and traveling.
Do you have several luxury watches? Then you can insure them under one valuables insurance .
3. What should you pay attention to with a watch insurance?
Not every insurance offers the same coverage. Note these important points:
✔ Appraisal and valuation
Many insurers demand a current appraisal report or proof of purchase. Have your watch periodically valued, because some brands such as Rolex and Patek Philippe rise in value annually.
✔ coverage area (the Netherlands or worldwide?)
If you often wear your watch during travel or events, choose insurance with global coverage .
✔ Own risk and premium
The premium depends on:
- The value of your watch (on average 1-2% of the value per year).
- Where you save it (use of a safe can yield premium advantage).
Do you want to know what the best insurance is for your watch? Request a quote from Finass insures insures .
4. Frequently asked questions about watching watch
💬 Is my watch insured when I wear it?
Yes, with a special valuable insurance policy, your watch is also insured outside the home .
💬 Is my watch insured on vacation?
Not always. Luxury watches often do not cover standard travel insurance. Therefore choose global coverage .
💬 Does my watch have to be stored in a safe?
Some insurers set this as a requirement or give a discount on the premium if you use a certified safe.
5. How do you take out a watch insurance?
Do you want to optimally insure your watch? Follow these steps:
1️⃣ Have your watch appraised - a current appraisal report is required.
2️⃣ Choose the correct coverage - determine whether you want to co -insure damage, theft and loss.
3️⃣ Request a quote from Finass insure - our specialists are happy to help you find the best coverage.
4️⃣ Take out the insurance and enjoy your watch carefree!
Conclusion: Protect your watch with the right insurance
a watch is essential if you want to protect your luxury time against theft, loss and damage . A valuable insurance policy offers the best coverage, both at home and on the road.
🕰️ Do you want to insure your watch well? Request a quote from Finass insure and discover the best insurance for your valuable watch!
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