Watch insurance?

[waikong86]

what kind of insurance the lost insurance or certified insurance

[evyo5000]

revisiting this thread since it's old and might be some updated experiences.

anyone have new info on watch insurance?

what kind of insurance the lost insurance or certified insurance

[k1ranm1stry]

Hi bros and sis,

Came across people mentioning buying insurance for their watches in some overseas forum... I wonder if such a thing is practiced in singapore? How does it work and how much does it cost?

Thanks!

I looked up insurance for my watch and it was quite expensive, there was a premium for every $1000 which made the total annual insurance premium of nearly $1000 which has deterred me from taking the policy. I guess it requires a lot of shopping around to get the best deal.

[evyo5000]

I looked up insurance for my watch and it was quite expensive, there was a premium for every $1000 which made the total annual insurance premium of nearly $1000 which has deterred me from taking the policy. I guess it requires a lot of shopping around to get the best deal.

where did you get a quote from?

[chuggets]

Just be careful!

Maybe I'm just different from the folks around here (I only have 3 PAMs, and maybe my income isn't like the others). I know that there are stories of break-ins and all, but I feel that I cannot justify to myself paying 20% of the value of my watches yearly. I'd rather just use that money to pay for a new watch if I lose the ones that I have.

Since I don't wanna pay for insurance, I'll just make sure that my doors are locked and my watches are stored in a good location inside my place.

And I'll hope I don't have to eat my words as well!

[snarltorialist]

Would be interesting to hear if there are any dedicated watch/jewellery insurance coverage

[bob83hello]

at this moment, only a handful of insurers provide coverage for such items.

ie. Chubb/AIG/AXA

if u have an existing home insurance policy for a few years (or have a reasonable portfolio with them), you can seek your insurer's approval for special underwriting for these products.

eg. Sompo offers worldwide coverage at an additional premium.

do consider the excess/co-insurance (commonly applied for such items), the per article limit.

you need receipts/valuation reports to justify the value.