Cost of ownership thoughts
I've just renewed my insurance for contents, and once again it's cost me the best part of £1500 for a year's cover as a consequence of my watches (yes, I've shopped around, and no - nobody will do it cheaper). In addition, I've previously had to install (and keep professionally maintained) an alarm and a safe. I now find, both amusingly and annoyingly, that any watches that are high enough in value to be declared have to undergo periodic and documented "clasp and/or fastening inspections".
Given the substantial liability of servicing as well, I think I'm fast reaching the conclusion that the cost of ownership of a relatively valuable watch collection outweighs the benefits - unless, of course, you've been lucky enough to foster a relationship with "your AD" such that you can regularly get your hands on halo models to help balance the books (which I certainly can't). I think the next 12 months may see me bring the numbers/value down quite dramatically.
Cost of ownership thoughts
I’m with NFU mutual, most watches are covered within the valuables limit, but the most expensive watches (Rolex & Omega) are named specifically.
I asked about a safe, although it wouldn’t reduce my £105 per month premium). I do have to have a professionally maintained alarm, but we have an ADT contract.
I don’t think that I’m paying that much extra for names items, which are all watches plus some of wifey’s jewellery.
Whether they would replace at market value if stolen is another matter!
I’ll probably get a safe regardless
Dave
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