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
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
For sought-after references the market price is sometimes above what was once paid for the watch. A policy still based on a purchase invoice from years ago covers only part of what you lose in a theft. The correction for that is not higher cover, but a current valuation renewed in good time.
A second characteristic goes with it: the resale market makes this make attractive to steal, including from the wrist. Street robbery and hold-ups are covered on a valuables policy, but subject to the storage and wearing provisions on your policy schedule.
We put the make, reference and serial number on the policy, record the period of validity of the valuation and diarise the revaluation. See insuring a watch for the general structure.
The structure of the cover in three parts, with an overview per situation below.
The cover
Comprehensive
Loss, falls and damage as well.
Theft and loss
Falls and knocks
Covered worldwide
The value
Valuation
Agreed in advance, no discussion afterwards.
Article 7:960 of the Dutch Civil Code
Period of validity
Periodic revaluation
Please note
Conditions
What limits the cover.
Safe clause at home
Conditions on wearing the item
Excess per item
What is covered
Situation
Home contents
Valuables
Theft after a burglary at home
Sometimes
Yes
Loss outside the home
No
Yes
Falls or knocks
Sometimes
Yes
Theft from a bag in the street
No
Yes
Damage abroad
No
Yes
Wear and tear and ageing
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.
An expired valuation costs you the binding value
A valuation under Article 7:960 of the Dutch Civil Code binds the insurer to the amount established, but only while the period named on the policy runs. After that the market value at the time of the loss applies, and the insurer establishes that. With a model whose price moves, that period is not a formality but the difference between certainty and negotiation.
A rising value leads to quiet underinsurance
If you insure on the old invoice, you are insuring an amount that no longer covers replacement. With partial damage the insurer can also pay proportionately where the sum insured proves structurally too low. So have a new valuation carried out periodically and adjust the sum insured. An index clause follows general price movements and not the market for your particular reference.
Box, papers and original parts
With this make the original box, the warranty card and the fact that parts have not been swapped affect the value. If they are missing, the valuation comes out lower. If they disappear in a burglary along with the watch, that difference in value is usually not separately insured. Keep the papers separately from the watch, and the scans of them away from your home.
Robbery from the wrist and the wearing provision
Theft with violence is covered, but policies do impose requirements on how you handle the watch. A policy may provide that away from the home there is cover only while you are wearing the watch, and not when it is loose in a bag or a car. Read that wearing condition: it determines not only whether you are paid, but also how high the excess turns out to be.
What does your premium depend on?
Current valued amount. Not the purchase price but the value most recently established forms the basis of calculation.
Reference and how sought-after the model is. Models with a lively second-hand market are rated higher.
How often you wear it. Daily wear away from the home weighs more heavily than keeping it in the safe.
Safe grade and home security. The type of safe and burglary-resistant locks and fittings influence acceptance.
Interval between revaluations. A short revaluation cycle limits underinsurance and argument when a loss occurs.
Territory outside Europe. Travel to areas with a higher robbery risk can lead to an additional loading.
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.
My watch is worth more than I paid. What should I do?
Have a new valuation carried out and adjust the sum insured. If you insure on the old invoice, you receive that old amount after a theft and cannot buy a replacement with it. Also check the period of validity of the previous valuation. If it has expired, the market value applies and not the valued amount.
Is street robbery covered?
Yes, theft with violence falls under comprehensive cover for valuables. Do watch the wearing provision: some policies cover you away from the home only while you are actually wearing the watch. If it was loose in a bag or in the car, the cover can be limited or lapse. Always report it to the police at once.
Are the box and the papers included?
They help determine the valued amount, but are rarely covered as a separate item. If they disappear along with the watch in a burglary, you receive the valued amount and nothing extra for the missing documentation. So do not keep the papers in the same drawer and make scans that you store elsewhere.
Does the policy cover a fall in the market?
No. Insurance pays for damage caused by an event, not a fall in price on the second-hand market. Wear and tear, servicing costs and the replacement of parts also remain at your expense. The cover is about theft, loss and damage; the market price matters only for the level of the valuation.
Read more
Within Art on home contents or valuables insurance
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.
